CardFellow Credit Card Processing Blog

Case Studies

CardFellow Helps Best Box Lunches Weigh Convenience and Cost

by Ellen Cunningham

The problem: A narrow cancellation window on an automatically-renewing contract, constant rate increases, and high commercial card usage. The solution: CardFellow’s no cancellation fee guarantee, lifetime rate lock protection, and expert assistance with commercial cards. Jim McCormac wasn’t thrilled with highway construction starting near his business, but credits it with a shift from running a…

Jim McCormac knew that his company, Best Box Lunches, was overpaying for credit card processing. But with a narrow cancellation window on his contract and limited time to research processing, he wasn’t sure about making a switch. Then he found CardFellow.

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Accounting and Finance, Credit Card Processing

Clover Capital: Funds for Small Businesses

by Ellen Cunningham

Much like competitor Square Capital, Clover Capital provides merchant cash advances to customers. Cash advances are typically easier to obtain than small business loans, but do have some potential drawbacks to consider. Clover Capital Other Companies Called Clover Capital What is a merchant cash advance? Business Loan vs. Merchant Cash Advance Acceptable Uses of Funds…

Businesses using Clover systems may be eligible to borrow funds for business purposes through the Clover Capital program.

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Credit Card Processing

Clover Monthly Fees: Choosing a Software Plan

by Ellen Cunningham

There are several choices, each with different costs and features. In this article, we’ll cover the monthly fees for Clover plans, hardware/software compatibility, and what you get with each software plan. Clover Equipment Clover Software Plans Payments Plus Register Lite Register Register Plan Pricing for Clover Stations Other Clover Fees App Fees How much does…

If you use Clover credit card processing equipment, you’ll need to pick a software plan along with the machine. Which Clover software plan is right for you?

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Case Studies

CardFellow’s Lifetime Rate Lock Proves Key for HeartMath

by Ellen Cunningham

The Issue: Constant rate increases and not knowing if current rates are truly the best. The solution: CardFellow’s lifetime rate lock and free ongoing statement audits to ensure the lowest possible pricing. It wasn’t the first time Tom had switched processors. For 27 years, HeartMath, LLC had provided research-based solutions to help people lower stress,…

For Tom Beckman, a notification of a rate increase wasn’t unexpected, but it was the final straw. It was time to look for a new credit card processor, again.

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Credit Card Processing

Clover vs Square: Which should you choose?

by Ellen Cunningham

When it comes to choosing between Square and Clover, you’ll want to consider the cost not just for hardware but the processing fees as well. In this article, we’ll cover features and processor compatibility as well as examine how the most comparable devices in each line stack up side by side. General Features Square Capital…

Both companies offer sleek, modern-looking POS systems, credit card machines, and mobile readers, but how do they compare in terms of costs, features, and processor compatibility?

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B2B, Credit Card Processing

Level III Credit Card Processing: Large Tickets, B2G, and Purchasing Cards

by Ellen Cunningham

Visa and Mastercard have separate interchange categories for level III transactions, so providing all of the required information can result in savings if your business accepts a lot of cards that are level III eligible. However, not all cards are level III eligible, and not all gateways are capable of passing level III data. Let’s…

Level III (or level 3) data refers to providing specific line item details at the time of a purchasing card or government card transaction beyond what is required for consumer card transactions.

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ecommerce, Security and PCI Compliance

Riskified Fraud and Chargeback Management

by Ellen Cunningham

Riskified is a software-as-a-service company that offers chargeback prevention and fraud management for mid-market and enterprise level businesses, specifically online retailers. The company boasts clients such as Aldo, Skullcandy, Burlington Coat Factory, Mattel, Swarovski, Prada, and more. With fraudsters increasingly turning to the internet as a result of increased in-person security due to chip cards,…

Credit card processing companies offer basic anti-fraud tools and chargeback management, but dedicated solutions can provide greater protection for online sellers. Enter Riskified.

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Credit Card Processing

What is a Good Rate for High Risk Processing?

by Ellen Cunningham

However, it’s still possible to get a general idea of average costs for various industries and business types. At CardFellow, we work with processors that serve high risk businesses and have pulled together some rough numbers to give you an idea of whether you’re overpaying. Rates for High Risk Merchant Accounts What High Risk Processors…

At the best of times, it can be difficult to give an accurate answer regarding a good “rate” for credit card processing, because costs are highly business-specific. This is even more true of “high risk” businesses – those in industries like adult entertainment, gambling, vape shops, travel, and tech support.

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Credit Card Processing exposed