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But many business owners find PCI compliance and SAQs confusing or overwhelming. There are even multiple different versions of the SAQ! In this article, I’ll go over the basics to help you understand your responsibilities with the SAQ. What is the SAQ? The Self-Assessment Questionnaire (SAQ) is a series of yes or no questions about …
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But what does that mean for your business? Will customers still have and use Discover cards? Are your credit card processing fees going to change? At this point, we don’t know all the details, but here’s what you can expect with the current information. The Discover Acquisition CapitalOne announced its intention to acquire Discover in …
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Excerpt style. There are few products in life that provide more luxury, status, or celebration than a beautiful piece of jewelry. Since ancient times, precious metals and gems have been crafted into items designed to catch the eye. If you’re involved in jewelry retail, you know how important it is to provide the products, services, …
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If you’re wondering if you have to do anything different to accept a virtual credit card, the short answer is no. However, it’s good to be aware of the factors involved in virtual cards and that’s what I’ll go over in this article. What are virtual credit cards? Virtual credit cards, as their name implies, …
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Note: CardFellow does not use ChatGPT or artificial intelligence to write blog posts. We are using ChatGPT for this article to go through the advice it may give when prompted to assist with comparing credit card processors. Before we dive in, let’s briefly go over what ChatGPT actually does and how we approached this article …
AI in Credit Card Processing: What does ChatGPT Say? Read More »
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At the time, experts were divided on whether businesses actually would implement credit card surcharges and whether such fees would alienate consumers. Let’s look at the current state of surcharging and the impact it has had on businesses and consumers. First, a quick refresher. What is Surcharging? Surcharging, defined as adding a fee to purchases …
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When credit card transactions “downgrade,” it means that they failed to meet criteria for the “target” interchange category. In practical terms, it means your business paid more to process that transaction than was necessary. Non-qualified is a “downgrade” category. Note: “Standard” as an interchange category still applies in limited circumstances; specifically, Visa uses it for …
Visa Corporate and Purchasing Non-Qualified Interchange Read More »
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You may have seen commercials on TV or heard people saying that a bill in Congress – the Credit Card Competition Act – will kill rewards credit cards.
