Contrary to popular belief, debit cards do not incur flat fees. You’ll be charged a percentage of the total and a per-transaction fee, just like with credit cards. However, card-not-present (CNP) debit has more possible interchange categories. There are technically ten interchange categories for Visa CNP debit, but five of them are simply the “r...

Note that the debit categories only apply to signature debit. (Sometimes called “running as credit.”) PIN debit transactions do not receive interchange fees. Instead, they’re charged PIN debit network fees. If you’re looking for that info, check our article on PIN debit costs. CPS Retail Debit Rates There are technically four debit categories...

Depending on the app, you can expect features like inventory management, employee timeclock / tracking, or detailed reporting, as well as industry-specific functions. In fact, the right POS app can help you streamline everything from product ordering to employee time tracking. But which point of sale apps offer the best value? We’ve narrowed down o...

While you may only be familiar with the main Grubhub name, the restaurant delivery app actually owns many other delivery apps. It purchased Seamless, Eat24, and others. Grubhub claims that you can boost revenue by up to 30% when you offer delivery through its app. But how does it all work, and is it really worth it? In this article, we’ll take a lo...

Update: 1/3/2020 I originally wrote about Worldpay's questionable practice described in the article below back in May of 2019. Then, I spent a good deal of time helping the folks at Reuters understand what was happening in order to expose the deceptive billing tactic. Reuters published its article on the topic in August of 2019. I wish the article...

Restaurant owners are in a great position to secure low cost credit card processing. Lower “risk” swiped transactions, low chargebacks, and the popularity of going out to eat make processors eager to sign restaurants as clients. At CardFellow, we help restaurant owners and managers find the right fit. Whether you need particular POS fea...

That depends on whether the client is paying an invoice or paying a retainer for use to bill against future charges. When the payment from a client is a retainer, that is where IOLTA comes into play. Lawyers have IOLTA or trust accounts at banks that are separate and distinct from the law firm’s operating account. The advance payments or retainers ...

The worst thing you can do for your business is call a processor and ask, “What are your rates?” or choose a company based on their inclusion in a “best processing rates” table. But that doesn’t mean we can’t show you how to find the most competitive pricing. In this article, we’ll discuss the role that “rates” play in the total cost, the factor...