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.
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.
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 […]
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.
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.
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.
The Corporate Card – Card Not Present (or COMM CNP C) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a corporate credit card instead of a consumer credit card. The transaction takes place by phone or mail. This category may also apply if a card is not swiped.
Visa’s Corporate Card Not Present interchange category refers to card-not-present transactions made with a corporate credit card instead of a consumer credit card.
How is it possible that American Express cards costs cost less than ever to accept, but businesses aren’t paying less? The answer is pretty simple: credit card processors are pocketing the difference. Amex Introduces “OptBlue” The General Concept The Plan Backfires – Sort Of Perception Works Against Amex The Real Cost of OptBlue Oversight Exceptions, […]
A sneaky thing is going on with the cost businesses pay to accept American Express cards. Recent changes have made it cheaper than ever to accept Amex, but business’ credit card processing statements aren’t reflecting the cost reduction.
Since its beginnings almost 20 years ago, PayPal has expanded to offer additional services, but there’s a lot of confusion surrounding credit card processing with PayPal. If you take credit cards online, chances are you’ve wondered if it’s worthwhile to offer PayPal acceptance. Many businesses think that if they want to accept PayPal, they have […]
Anyone who has made a purchase online in the past decade is likely familiar with PayPal. The company, once part of eBay, originated as a ‘middle man’ between online sellers and buyers, offering protection. A buyer didn’t have to hand over their credit card information directly to a seller, and both buyer and seller would have a neutral third party to mediate any problems.
Without an invoice, your clients might not know when they owe money and how they can pay for the product or service. In the past, invoices would have to be mailed to clients. Thankfully, modern technology has made the process of billing far easier, and invoices can now be created, sent, and even paid online. […]
Invoices, documents sent from a company to a customer or client that explains the details of a sale, are vital for many businesses. It gives you and the client a formal, written explanation of costs.
However, some credit card processors are now offering “zero fee” processing as a way to seemingly get around interchange fees and attract businesses to use their services. These processing options may have different names: zero fee processing, cash discounting, and free credit card processing. Obviously there’s a lot of fine print involved, and it’s important […]
You’re probably already aware that you pay an interchange fee anytime a customer pays with a credit card. Interchange fees are generally the most expensive component of credit card processing costs, and they’re non-negotiable.
Use the secrets that credit card processors don't want you to know to drastically lower your credit card processing fees.
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