B2B, Credit Card Processing

CardPointe by CardConnect

What is it, does it affect you, and what are your options? Let’s take a look. What is the CardPointe fee? Does the CardPointe fee apply to me? What does CardPointe do? Real Time Transaction Management Virtual Terminal Mobile App and Payments Point to Point Encrypted Terminals Hosted Payment Page Recurring Billing with Account Updater…

TwitterFacebookLinkedIn

CardPointe is a processing solution available through CardConnect and its resellers. A new fee may be showing up on your processing statement starting in July of 2016: The CardPointe fee. Charged by CardConnect, the CardPointe fee is a monthly charge that may be added to your existing processing fees.

Read the full article

Credit Card Processing

Square’s Transaction Fees and Equipment Leasing

You’ll want to avoid that rate if low cost is your priority. The per-transaction fee is imposed for businesses with an average sale under $10 when using the quote request (called custom pricing) sign up option on Square’s website. Additionally, the company is now offering equipment leases, a practice that we generally advise against here…

TwitterFacebookLinkedIn

Payment processing company Square has built a reputation on offering simple, flat-rate credit card processing for small business. The well-publicized 2.75% rate was a good deal for businesses with small average transactions or low monthly credit card sales. While that pricing is still an option, businesses should be aware that the company can also charge a second rate with a per transaction fee.

Read the full article

Credit Card Processing, Legal

Walmart Sues Visa: Who’s Right?

Update – in November 2017, Walmart and Visa announced that they are settling the lawsuits. Details of the settlement have not been made public, though Visa made a public announcement that they’re pleased with the settlement decision. We’re leaving the rest of this article for historical purposes.  Setting the Stage: PIN vs. Signature Chip Cards…

TwitterFacebookLinkedIn

A battle is brewing. Citing security issues, giant retailer Walmart has brought a lawsuit against Visa. At the end of June, 2016, Visa filed a countersuit. The news has spread like wildfire, and misconceptions are also spreading fast. Let’s take a look at what the lawsuit is actually about and address some of the incorrect info going around.

Read the full article

Credit Card Processing

Visa Purchasing Card Not Present

The Commercial Purchasing Card – Card Not Present (or COMM CNP P) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a commercial purchasing card instead of a consumer credit card.

TwitterFacebookLinkedIn

Visa’s Purchasing Card-Not-Present is an interchange category. It refers to payments made using a commercial purchasing card when the card is not swiped.

Read the full article

Credit Card Processing

Visa Corporate Card Level II Data Rate

Corporate Card Level II (also known as US CORP L2) is an interchange category that is used to calculate the interchange fee for card-not-present transactions (including keyed transactions) involving a payment made with a corporate credit card instead of a consumer credit card.

TwitterFacebookLinkedIn

Corporate Card Level II is a Visa interchange category used to calculate the interchange fee for card-not-present transactions made with a corporate credit card instead of a consumer credit card.

Read the full article

Credit Card Processing

Visa Business Card Not Present

The Business Card – Card Not Present (or COMM CNP B) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a business credit card instead of a consumer credit card.

TwitterFacebookLinkedIn

The Business Card Not Present (or COMM CNP B) is a Visa interchange category that is used to calculate the interchange fee for card-not-present transactions made with a business credit card instead of a consumer credit card.

Read the full article

Credit Card Processing

Visa Business Card Level II Data Rate

The Business Card Level II (US COMM L2) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a business credit card instead of a consumer credit card. Interchange rate & fee: 2.05% + $0.10 Also known as: US COMM L2 Qualification criteria The Business Card Level II interchange…

TwitterFacebookLinkedIn

Visa’s Business Card Level II (US COMM L2) is an interchange category used to calculate the interchange fee for card-not-present transactions made with a business credit card.

Read the full article

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.

TwitterFacebookLinkedIn

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.

Read the full article