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.
CPS card not present categories refer to Visa interchange rates that apply to many basic online and keyed transactions.
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…
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?
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. That means you can use Authorize, but get it (at lower prices!) through one of its…
It sounds 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.
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…
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?
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:…
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.
Martin, a small business owner in Massachusetts, was concerned about what the EMV chip card liability shift meant for his business. As he looked into it, he was met with lots of conflicting information, and was left thinking he needed to upgrade his processing equipment almost immediately or he’d face high costs or missed sales….
From CardFellow client to former client to current client again, one small business owner found that processing solutions available on the open market couldn’t compare to the solution he had through CardFellow.
MIDDLETOWN, Conn. (February 23, 2016) – CardFellow is pleased to welcome Indigo Payments to its credit card processing marketplace. Indigo’s inclusion allows it to place certified quotes for businesses that come to CardFellow seeking honest, transparent, competitive credit card processing. As with all certified quotes, Indigo will offer pass-through pricing, a lifetime rate lock, and…
CardFellow is pleased to welcome Indigo Payments to its credit card processing marketplace.
The card brands claim minimal impact on your customer’s checkout process while adding additional protection. But how does it work, and why should you care about the additional protection? Let’s take a look at what using MasterCard SecureCode entails and how it may help or harm your bottom line. What is MasterCard SecureCode? How is…
What is MasterCard SecureCode? How do you use it? These questions may be on your mind as a business owner in the internet age. If you sell products or services online, it’s worth your time to consider whether 3D secure technology is a good addition to your anti-fraud toolkit.
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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