Press Releases

CardFellow Clients Process More than $1 Billion Annually

MIDDLETOWN, Conn. – CardFellow, a free web-based service that helps businesses find their perfect credit card processor, announced today that its client portfolio now exceeds $1 billion in processing volume each year. Founder and president Ben Dwyer said that reaching this milestone shows that CardFellow fills a need for businesses that are frustrated by expensive fees…

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CardFellow, a free web-based service that helps businesses find their perfect credit card processor, announced that its client portfolio now exceeds $1 billion in processing volume each year.

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Press Releases

CardFellow Welcomes Mercantile Processing, Inc.

MIDDLETOWN, Conn. – Payment processor Mercantile Processing, Inc. (MPI) has joined CardFellow as a certified-quote provider. CardFellow is pleased to welcome MPI to its marketplace, continuing a commitment to offering businesses more choices for securing honest, competitive credit card processing. CardFellow president and founder Ben Dwyer says that the addition of MPI is great news…

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Press Releases

CardFellow Launches New Website

MIDDLETOWN, Conn. – CardFellow, a free service that helps businesses secure the most competitive credit card processing, has launched a new website that eliminates the frustration of comparing credit card processors. The site is designed for businesses that want to pay as little as possible for processing but don’t have the time or resources to individually…

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CardFellow, a free service that helps businesses secure the most competitive credit card processing, has launched a new website that eliminates the frustration of comparing credit card processors.

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Press Releases

CardFellow Welcomes Payment Depot

MIDDLETOWN, Conn. (November 2, 2015) – CardFellow is pleased to announce an agreement with credit card processor Payment Depot. Effective immediately, the agreement authorizes Payment Depot to place certified quotes through the CardFellow processing marketplace, providing businesses with access to a wider range of choices. As with all CardFellow-certified quotes, Payment Depot will quote using…

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CardFellow is pleased to welcome Payment Depot to its credit card processing marketplace.

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Credit Card Processing, Legal

Mercury Payment Systems Sued (Again) for Overcharging

If that sounds familiar, it’s because it’s the same thing that Mercury was sued for by Heartland Payment Systems in 2014. Archer’s Barbeque v. Mercury Payment Systems Heartland Payment Systems v Mercury Payment Systems Mercury Payment Systems’ Reply Are these lawsuits accurate? How Mercury Payment Systems Adds Hidden Fees Do other processors add hidden fees?…

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Two businesses have filed a lawsuit against Colorado-based Mercury Payment Systems, claiming the company adds hidden fees when charging businesses for credit card processing.

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Credit Card Processing

Watch Out for EMV Non-Compliance Fees

Let’s look at who charges this fee and how much you can expect to pay. What are EMV non-compliance/non-enabled/non-acceptance fees? Will my business be charged EMV non-compliance fees? Exceptions for Card-Not-Present Businesses What if I have a mix of card-present and card-not-present transactions? Using EMV Capable Terminals How much is the fee? Why are processors…

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The October 1st EMV liability shift has come and gone, and you probably know that if you don’t have an EMV-capable terminal to take chip cards, you’re now liable for fraudulent transactions. But did you know that you may be subject to an EMV non-compliance fee, EMV non-enabled fee, or EMV non-acceptance fee?

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Credit Card Processing

Chase Pay Digital Wallet

And if your customers start paying with digital wallets more often, Chase Pay could be a cost-saving option. What is Chase Pay? When did Chase Pay officially launch? What’s different about Chase Pay for consumers? Do all credit cards work with Chase Pay? What’s different about Chase Pay for businesses? About MCX About CurrentC Why…

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In November 2016, JP Morgan Chase launched a new digital wallet, called Chase Pay. I know what you’re thinking – there’s already Apple Pay, Android Pay, Samsung Pay, Google Wallet, PayPal… do we really need another digital wallet? Chase thinks so.

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Credit Card Processing

Basis Point Calculator

Basis point is term that refers to one one-hundreth of a percentage point. Shown as a percentage, one basis point is 0.01%; but Shown numerically, one basis point is 0.0001. Needless to say, deciphering basis points can get a little confusing. That’s why we’ve created this nifty basis point calculator that does the math for you. Just move the slider to calculate basis points and the associated charge for a given dollar amount.

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A convenient calculator for basis point conversions.

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