CardFellow Credit Card Processing Blog

ecommerce

Spreedly – One API, Many Options

by Ben Dwyer

In this Spreedly review, we’ll look at how it works, costs, and if it makes sense for small businesses. What is an API? What is a gateway? About Spreedly Card Storage Vault Businesses That Could Benefit from Spreedly International Sales Platforms Connecting to Multiple Sellers Related Third-Party Services Businesses That Want a Failsafe How much […]

Offering one API that connects to multiple gateways or third-party services, Spreedly provides options for businesses that want to minimize time spent adding and managing APIs.

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Accounting and Finance, Credit Card Processing

Verosa for QuickBooks Integration

by Ben Dwyer

Businesses can take payments through the terminal and post them automatically to QuickBooks. Verosa’s payment terminals allow customers to swipe cards via most USB card readers. The software is easy to use, and is designed for QuickBooks-using businesses seeking alternative processing avenues rather than have their credit card processing accounts with QuickBooks/Intuit. It’s unclear if […]

No matter their size, busiensses want the most economical way to process customer credit cards. Verosa, based in Vancouver, Washington, hosts a payment terminal specifically for QuickBooks.

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Restaurants and Bars

Using Suggested Gratuity in Your POS System

by Amanda McNamara

As you know, tipping is the act of leaving a monetary bonus to reward waitstaff for a job well done. The amount a customer chooses to leave as a tip is typically a percentage of the overall bill. While not strictly required, tipping is strongly encouraged in most — if not all — restaurants in […]

In American restaurants, tipping culture reigns supreme. Some POS systems allow your restaurant to suggest gratuities, streamlining the process.

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Credit Card Processing

Visa Zero Floor Limit Fee

by Ben Dwyer

The fee basically acts as a penalty for submitting a transaction for settlement without first submitting it for proper authorization. As of 2022, Visa sets the zero floor limit fee at $0.20. Visa Assessment Fees The Zero Floor Limit Fee Finding the Fee on Your Statement Lowering Visa Costs at Your Business Visa Assessment Fees […]

The Zero Floor Limit fee applies to transactions without a previously approved authorization.

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Credit Card Processing

Visa’s Zero Dollar Verification Fee

by Ben Dwyer

When you properly verify information, the zero dollar verification fee will apply and the misuse of authorization fee will not. Visa Assessments The Zero Dollar Verification Fee Information You Can Verify Locating the Fee on Statements Lowering Costs to Take Credit Cards Comparing Markups Visa Assessments When you accept Visa cards at your business, Visa […]

The Zero Dollar Verification Fee is a small charge (called an assessment) that Visa imposes when your business verifies cardholder information without actually charging the card.

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Credit Card Processing

Comdata Review – Is It Worth the Cost?

by Ben Dwyer

It also offers accounts payable, expense tracking, prepaid gift cards, and virtual cards for vendor payments and employee payroll. Comdata develops technology, issues credit cards, processes transactions, manages data and reporting, and has its own payment network. This makes it a full-service company that has products in a variety of categories we cover. We’ll review […]

Comdata offers a plethora of financial services for businesses of every size in a wide range of industries. It started in the trucking industry, however, and many of its offerings (such as its POS products and fleet cards) are aimed at that sector.

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Credit Card Processing

Visa’s Base II System File Transmission Fee

by Ben Dwyer

The System File Transmission Fee applies every time you take a Visa card. Transactions can (and often do) incur more than one assessment fee. For example, you may frequently see the System File Transmission Fee along with the Acquirer Processing Fee. Visa’s Assessments Base II Transmission Fee Locating the System File Transmission Fee Visa’s Assessments […]

The Visa System File Transmission Fee, also called the Base II Transmission Fee or Base II System Fee, is an assessment fee that Visa charges.

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Accounting and Finance

Fundbox Review: Invoice Financing

by Ben Dwyer

Invoice financing is a popular method of obtaining short-term business capital to run your business. Fundbox offers both invoice financing and traditional business lines of credit. While these types of loans carry large fees, they can be a great short-term financing option for businesses with bad or no credit. If you’re looking for working capital, […]

Fundbox is a startup that offers working capital options for businesses through invoice financing or lines of credit.

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Credit Card Processing exposed