In June 2019, Stripe announced a chargeback protection program. For an additional fee, Stripe will cover the cost of some disputed transactions. That sounds good, but is it actually worth it?
If you received a notice of a class action lawsuit claiming you may be affected by a payment card settlement, you’re probably wondering if it’s legitimate. It is, but there are some important things to know.
Restaurants that accept Mastercards may see specific restaurant interchange fees or general fees. That’s because Mastercard has restaurant-specific categories for some cards, but not others.
CPS Car Rental, CPS Hotel, and CPS Passenger Transport are interchange categories that determine the interchange fees a business in one of those industries pays to accept a debit or prepaid card online or by keying it in.
“CPS Hotel” and “CPS Car Rental” are Visa interchange categories that determine the rates and fees a hotel or car rental agency will pay to accept debit or prepaid cards in person.
The international card not present interchange categories determine the fee a U.S.-based business will pay to accept an international Visa card online or by keying in card details.