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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Credit Card Processing

Visa CPS/Card Not Present

The CPS Card Not Present interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a traditional consumer credit card (instead of rewards, business or government cards) taken by mail or over the phone. 

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Visa’s CPS Card Not Present interchange category determines the interchange fee for card-not-present transactions made with a traditional consumer credit card by mail or over the phone.

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Credit Card Processing

5 Benefits of Credit Card Processing Integrated with Your POS System

All of these are important questions to ask. At a certain point, you may face a choice: Do I invest in a stand-alone system that works with other processors or an all-in-one platform that has credit card processing integrated within? We want to help make that choice as easy as possible, so here’s some info…

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When you’re evaluating POS systems, credit card processing is a big factor to consider. Does the point of sale system only work with a specific processor? What are the rates and fees, and are they transparent? Is it flat rate, tiered, or interchange plus pricing, and what is the difference? Most of all, how will credit card processing fees affect my bottom line?

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Credit Card Processing, ecommerce

Authorize.Net Credit Card Processing Fees – Get It Elsewhere

As I’ll outline in detail below, there are a few different ways a business can obtain the Authorize.net gateway along with credit card processing services. Both, one, or neither service can be obtained directly through Authorize.net. But this is one instance where it’s actually in a business’s best interest not to go directly to the…

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It sounds a bit counter-intuitive, but a savvy business person can get the most competitive pricing for the Authorize.net gateway while paying as little as possible in credit card processing fees by not getting either service through Authorize.net.

Authorize.net is a great gateway provider, but it’s not a credit card processor. It actually farms out its credit card processing to its parent company, CyberSource. It also charges higher fees for its gateway than some of its resellers.

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Credit Card Processing, Legal

Tennessee’s Credit Card Processing Fee Disclosure Law

Information provided in this article is for reference only. If you need legal advice regarding processor contracts or Tennessee’s law, consult an attorney. What is an effective rate? What’s good about Tennessee’s new law? What’s bad about the law? Why don’t bank-owned processors have to disclose the effective rate? What happens if a processor doesn’t…

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Effective March 1, 2016, Tennessee became the first state in the nation to pass a law about processing fee disclosures. The law (SB0316) requires that merchant service providers not owned by a bank calculate and list the effective rate for credit card processing on each monthly statement. What does this mean for Tennessee businesses and are businesses in other states affected?

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Credit Card Processing

Before You Buy a Clover POS System…

Many processors offer the Clover POS for $1,000 or less. While not cheap, the attractive design and convenient features have some businesses deciding that it’s worth the expense, while other businesses prefer the lower cost and portable Clover Mini or Clover Mobile systems. However, the Clover comes with a big “but” and here it is:…

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The Clover station, a sleek point of sale system available on the First Data platform, is an increasingly popular choice for businesses that need the functions and features of a full POS system. The Clover cash register is brushed aluminum with white accents, and a matching tablet display and receipt printer complete the basic POS hardware package.

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