Credit Card Processing
Credit Card Processing Bait and Switch
By
Knowing how to spot bait-and-switch pricing will save time and money.
By
By
Credit Card Processing
Pivotal Payments’ Cancellation Fee & Auto Renewing Contract
By
Note: Pivotal Payments has changed its name and goes by Nuvei. It’s possible that the new company does not engage in the same practices noted in this article. We’re leaving it here for historical purposes, but will no longer be updating it. If it turns out that Nuvei utilizes the same practices, we will create …
Pivotal Payments’ Cancellation Fee & Auto Renewing Contract Read More »
Credit Card Processing
Small Tickets – The Durbin Downside
By
How are businesses with small tickets an unexpected (or expected, depending on whom you ask) casualty of the Durbin Amendment? Let’s take a look. Interchange is Complicated The fees that businesses pay to process a credit or debit card transaction are called interchange fees. An interchange fee generally consists of a percentage and flat transaction …
Credit Card Processing
Charging Customers a Credit Card Fee at Checkout
By
In some cases, your business can charge customers a convenience fee for using a credit card. But there’s a maze of rules, exceptions, and even state laws to navigate to ensure you stay compliant with the terms of your merchant processing agreement. It’s also important to note that credit card convenience fees are different than …
Charging Customers a Credit Card Fee at Checkout Read More »
Credit Card Processing
NABU Fee – Network Access Brand Usage
By
Mastercard charges the NABU fee on all authorized or refunded credit and signature debit Mastercard transactions. The fee is currently set at $0.0195. Mastercard Assessment Fees Assessment fees, such as the NABU fee, are charges incurred as part of processing a credit card. Revenue generated from the NABU fee goes directly to MasterCard, meaning neither …
Credit Card Processing
PIN Debit vs. Signature Debit
By
So which is cheaper, PIN debit or signature debit? A rough rule of thumb is that PIN debit transactions are cheaper for businesses with larger average transactions. Signature debit is cheaper for businesses with smaller average transactions. There are expections, but this can be generally applied as a quick way to gauge the lower cost. …
Credit Card Processing
Mastercard Cross Border Fee
By
Mastercard charges an assessment fee called a “cross border fee” on all transactions acquired in the United States that involve a credit card issued outside of the United States. For example, if a cardholder uses their Canadian-issued Mastercard to make a purchase from a business in Michigan, the business will be assessed a cross border …
Credit Card Processing
Less Discount Paid Means Less Money for You
By
“Less Discount Paid” Defined “Less discount paid” is the term that credit card processing services use to indicate the amount of money that a business has paid in fees throughout a given month. Howeer, in order to determine the total amount paid in processing fees that month, you have to add “less discount paid” to …