Credit Card Processing, Uncategorized

Visa Purchasing Card Level II Data Rate

Purchasing Card Level II (US COMM L2 P) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a purchasing card instead of a consumer credit card.

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Purchasing Card Level II is a Visa interchange category used to calculate the interchange fee for card-not-present transactions involving a payment made with a purchasing card.

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Credit Card Processing

Visa Corporate Card Not Present

The Corporate Card – Card Not Present (or COMM CNP C) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a corporate credit card instead of a consumer credit card. The transaction takes place by phone or mail. This category may also apply if a card is not swiped.

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Visa’s Corporate Card Not Present interchange category refers to card-not-present transactions made with a corporate credit card instead of a consumer credit card.

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Credit Card Processing

Amex’s OptBlue Backfires for Small Businesses

How is it possible that American Express cards costs cost less than ever to accept, but businesses aren’t paying less? The answer is pretty simple: credit card processors are pocketing the difference. Amex Introduces “OptBlue” The General Concept The Plan Backfires – Sort Of Perception Works Against Amex The Real Cost of OptBlue Oversight Exceptions,…

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A sneaky thing is going on with the cost businesses pay to accept American Express cards. Recent changes have made it cheaper than ever to accept Amex, but business’ credit card processing statements aren’t reflecting the cost reduction.

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Credit Card Processing, ecommerce

PayPal Business Options – Accepting PayPal Through Your Site

Since its beginnings almost 20 years ago, PayPal has expanded to offer additional services, but there’s a lot of confusion surrounding credit card processing with PayPal. If you take credit cards online, chances are you’ve wondered if it’s worthwhile to offer PayPal acceptance. Many businesses think that if they want to accept PayPal, they have…

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Anyone who has made a purchase online in the past decade is likely familiar with PayPal. The company, once part of eBay, originated as a ‘middle man’ between online sellers and buyers, offering protection. A buyer didn’t have to hand over their credit card information directly to a seller, and both buyer and seller would have a neutral third party to mediate any problems.

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Accounting and Finance, Business

4 Free Invoice Template Makers

Without an invoice, your clients might not know when they owe money and how they can pay for the product or service. In the past, invoices would have to be mailed to clients. Thankfully, modern technology has made the process of billing far easier, and invoices can now be created, sent, and even paid online….

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Invoices, documents sent from a company to a customer or client that explains the details of a sale, are vital for many businesses. It gives you and the client a formal, written explanation of costs.

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Uncategorized

Free Credit Card Processing – What’s the Catch?

However, some credit card processors are now offering “zero fee” processing as a way to seemingly get around interchange fees and attract businesses to use their services. Obviously there’s a lot of fine print involved, and it’s important to understand these “zero-fee” programs before signing up for one of these services. While they may seem…

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You’re probably already aware that you pay an interchange fee anytime a customer pays with a credit card. Interchange fees are generally the most expensive component of credit card processing costs, and they’re non-negotiable.

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Credit Card Processing

What’s the Difference Between EMV and NFC?

More people use credit cards for payments and mobile phones are becoming a popular consumer payment option as well. Apple, Android, Samsung, and Chase all offer ways for customers to use their smartphones for payments, and new services are popping up all the time. eMarketer forecasted a 210% growth in mobile payment transaction value in…

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There was once a time when all you had to worry about was having enough cash on hand to provide customers with change. Of course those days are long gone. These days you need to be prepared to handle a slew of payment options.

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Uncategorized

Fattmerchant Credit Card Processing – Does it really compare?

Fattmerchant Charges a Markup – Just Not a Percentage Fattmerchant is putting a trendy spin on its credit card processing markup, but it does still charge a markup. The more accurate statement is that Fattmerchant doesn’t charge a percentage markup. Instead, it charges a higher monthly fee and a per-transaction fee. Those costs are in…

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Anyone who comes across Fattmerchant probably perks up at the promise of no markup for credit card processing. The ability to take credit cards and not have to pay a markup to the processor? Sounds great! But before you rush to sign up, let’s take a look at what it really means and how to accurately compare your options.

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