Credit Card Processing, ecommerce

Braintree vs. Stripe: Which is Better for Online Payments?

The Braintree vs. Stripe comparison chart provided gives a quick side-by-side overview, but if you want the full details, each section of the chart is explained in depth below. (Click chart to enlarge.) What are online payment gateways? Braintree vs. Stripe – Fees Accepting Credit and Debit Cards Bitcoin Payments Chargebacks Taking Payment International Payments…

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The online payment market is getting more and more crowded. While greater competition is good for businesses, the sheer number of payment providers can be overwhelming. Here, we’ll take a look at two of the most popular options, Braintree and Stripe, to see which is better for ecommerce and online payments.

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Credit Card Processing, Security and PCI Compliance

Address Verification Service (AVS)

  When is AVS used? Reasons to Use AVS Chargeback Defense Declining Transactions Based on AVS Result What does it cost to use AVS? Is using AVS worth the cost? AVS codes When is AVS used? Address Verification is used in all kinds of credit card scenarios. It’s common in ecommerce and other card-not-present transactions,…

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Address Verification Service (often referred to as AVS and sometimes Address Validation) is an anti-fraud tool offered by credit card processing companies. The tool works by comparing name and address information given by the person claiming to own the credit card to the name and address on file with the credit card company.

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Credit Card Processing

Credit Card Processing Downgrades at Interchange

Downgrades are an avoidable expense. The issue is that a processor’s expertise is required to recognize and address downgrades. However, processors have no financial incentive to do so. This leaves the burden of spotting and correcting downgrades on businesses. In this article I’m going to explain what downgrades are, how to spot them, and how…

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The term “downgrade” gets thrown around a lot when talking about credit card processing fees, and usually without any meaningful explanation. That’s probably because downgrades aren’t exactly a fun topic, and they’re somewhat complicated to explain.

With that said, downgrades result in a very real cost, and understanding what they are and how to avoid them is crucial to ensuring your business pays as little as possible to process credit cards.

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Accounting and Finance, Credit Card Processing

Square Capital: Is it Right for Your Business?

Maybe it doesn’t even feel like a choice. You need money to make money; any aspiring small business owner knows this to be true. But who is going to give you a loan with less than stellar credit or no collateral? And, who has time to go through a loan approval process? Click, click, click…

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Fast, easy, flexible, working capital that is only a tantalizing few mouse-clicks away…should you apply for Square Capital and get a merchant cash advance?

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Credit Card Processing

Visa CPS Rewards 1

CPS Rewards 1 is a Visa interchange category that is used to calculate the interchange fee for swiped transactions involving a credit card that produces rewards for the cardholder, such as cash back, or airline miles.

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CPS Rewards 1 is a Visa interchange category that is used to calculate fees for swiped reward card transactions.

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Credit Card Processing

Visa Rewards 2

CPS Rewards 2 is the Visa interchange category that is used to calculate the interchange fee for card-not-present transactions and keyed card-present transactions involving a credit card or regulated debit card that produces rewards for the cardholder, such as cash back, or airline miles.

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CPS Rewards 2 is the Visa interchange category that is used to calculate fees for card-not-present transactions involving a rewards credit card or regulated debit card.

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Credit Card Processing

Visa CPS/Retail

CPS Retail is the Visa interchange category that is used to calculate the interchange fee for card-present transactions when a traditional consumer credit card (instead of rewards, business or government cards) is used and the customer’s signature is obtained.

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Visa’s CPS Retail interchange category determines the interchange fees for card-present transactions using a non-rewards consumer credit card.

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Credit Card Processing

Visa Signature Preferred Retail

Signature Preferred Retail is the Visa interchange category that is used to calculate the interchange fee for card-present transactions involving a credit card that produces rewards for the cardholder.

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Signature Preferred Retail is the Visa interchange category that is used to calculate the interchange fee for card-present transactions involving a credit card that produces rewards for the cardholder.

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