CardFellow Credit Card Processing Blog

Credit Card Processing

Visa’s Misuse of Authorization Fee

by Ben Dwyer

Sometimes called “ghost authorizations,” misused authorizations are transactions that are neither settled nor reversed properly. The fee attempts to cut down on such authorizations. Therefore, if you don’t follow a Visa authorization with a matching clearing transaction, you’ll incur the Misuse of Authorization Fee. You could also incur the fee in the case of a…

The Misuse of Authorization Fee is an assessment charge that Visa imposes on transactions that don’t follow proper authorization procedures.

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Accounting and Finance

BlueVine: Invoice Factoring and Credit Lines for Liquidity

by Ben Dwyer

We’ve previously discussed invoice financing, in which a company uses your business’s outstanding invoices as collateral to finance a loan. BlueVine takes this concept one step further by offering invoice factoring. In this BlueVine review, we’ll look at what that entails and when it may be a good fit for you. Note that there’s a…

BlueVine offers invoice factoring and lines of credit for improved cash flow while you’re waiting on payment from outstanding invoices.

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Accounting and Finance, B2B

What Is Behalf? Receive a Loan to Pay Your Vendors

by Ben Dwyer

It’s similar to companies offering point-of-sale loans to finance purchases (see our Affirm review for more info on purchase loans) However, instead of financing consumers, it provides microloans to vendors and other business clients when making a business purchase. While consumer sales typically require payment up front, business sales often run on payment cycles of…

Smaller B2B companies know the money constraints of net terms. Behalf offers short-term financing for B2B purchases to help ease the pain.

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Credit Card Processing

Visa’s Base II Credit Voucher Fee

by Ben Dwyer

Technically, there are two of these fees: the credit voucher fee and the Base II Credit Voucher Fee. The difference is that the Base II Credit Voucher Fee applies to US-based transactions. From there, the fee is split into Credit Voucher Fee (Debit), Credit Voucher Fee (Credit), Base II Credit Voucher Fee (Debit), and Base…

Visa’s Base II Credit Voucher Fee is an assessment fee that Visa charges when your business refunds a customer’s money. There are separate fees for credit and debit.

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Credit Card Processing

Mastercard Acquirer Program Support Fee

by Ben Dwyer

Essentially, it applies under the same circumstances as the Cross Border Fee (domestic). One or both fees can apply to the same transaction. Mastercard currently sets the APSF at 0.85%. Assessment Fees Acquirer Program Support Fee Locating the Fee on Processing Statements Finding the Lowest Cost Credit Card Processor Assessment Fees A non-negotiable component of…

Mastercard’s Acquirer Program Support Fee is an assessment fee for accepting Mastercards that were issued outside of the United States.

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Accounting and Finance, ecommerce

What is Affirm? Understanding Purchase Financing

by Ben Dwyer

Affirm is one of the new wave of companies offering point of sale loans to finance purchases. Retailers like ticketing service Eventbrite, retailers Wayfair and Casper, and travel site Expedia offer point of sale financing. Essentially, when a consumer checks out on a website, they have the option of paying by taking out a loan…

Affirm loans are a short-term loan option for financing purchases at the time of sale, with a simple application and no hard credit check.

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Credit Card Processing

Switch: Automatic Card Updating for Businesses

by Ben Dwyer

If consumers don’t update their details, it becomes very difficult for businesses to collect payment. This is especially true of online businesses and subscription services, where the card is not present. Without valid card details, requests for payment will be denied and chasing down consumers can be time-consuming and expensive. If you’ve already granted access…

Every time a new card is issued, the information and security credentials change slightly. Whether it’s the card number, expiration date, or the card security code, these differences matter.

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Credit Card Processing

What is PIN on Glass for Debit Card Processing?

by Ben Dwyer

Let’s look at the pros and cons of PIN on glass and what you need to know if you’re considering using for PIN debit card acceptance at your business. What is PIN on glass? Pros and Cons Saving Money with PIN Debit Who is PIN on glass good for? Alternatives to PIN on Glass What…

Businesses that accept debit cards but don’t have a PIN pad for customers to enter PINs may soon have a way around it: PIN on glass. The technology would allow for secure PIN entry on consumer mobile devices, such as smartphones and tablets.

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Credit Card Processing exposed