CPS Small Ticket is the Visa interchange category that is used to calculate the interchange cost for card-present transactions of $15 or less. It is not necessary to obtain the cardholder’s signature.
Visa’s CPS Small Ticket category determines the interchange cost for card-present transactions that are $15 or less.
CPS Restaurant is the Visa interchange category that is used to calculate the interchange cost for card-present transactions that take place at a restaurant, including fast food businesses.
“CPS Restaurant” is the beginning part of several fee categories that relate to what restaurants will pay to accept Visa consumer credit, debit, and prepaid cards.
CPS Retail 2 is a Visa interchange category that is used to calculate interchange fees for transactions involving a credit card for certain business types.
CPS Retail 2 Card Not Present is a Visa interchange category that is used to calculate interchange fees for transactions involving a credit card for some businesses that accept cards in a manner other than swiping.
Recurring or subscription billing gives you the confidence of a semi-guaranteed income. It makes managing your finances a little easier, lets you plan for the future, and gives you a cushion against financial shocks. When you understand how many new customers you’re taking on, and how many you’re losing (the “churn” rate), you can also […]
There’s nothing quite like guaranteed money for your business. Whether you’re selling software as a service, subscription boxes, retainer agreements, or monthly product deliveries, recurring payments are essential to many businesses.
***Update 2023: FreshBooks no longer offers a card reader itself, instead suggesting other brands. We’re leaving this article for historical purposes, but businesses looking for a smartphone card reader should consider current options. Check out CardFellow’s equipment directory for assistance. FreshBooks started as accounting software, a rival to Intuit’s popular QuickBooks brand. In 2016, FreshBooks […]
By now, you’ve probably heard of Square, the company behind the small white credit card reader that attaches to smartphones. Since the days when the company paved the way on smartphone processing, it has had many competitors, including FreshBooks.
Initially called Square Connect, Square’s website now just refers to online payment options with Square. What is Square Online Payments? What is an API and how does Square’s work? Why is Square offering the API? Who is Square’s API good for and why? What does it cost? Additional Square Services Other Options for Taking Online […]
You probably already know Square as one of the most popular choices for taking credit cards using a smartphone. The Square POS system is also an increasingly common choice for in-store payments, especially for businesses with smaller transactions, like coffee shops. But what about online payments?
There’s a lot to consider when starting your own ecommerce website, but we’ll help sort it out in this comparison guide. We’ll look at the most cost-effective solutions from the three big providers in the ecommerce space, Shopify, BigCommerce, and Volusion. Continue reading for details about monthly fees, transaction costs, payment solutions, marketplaces, social media […]
Ecommerce has fundamentally changed how we act as consumers, with 7.5% of all US retail transactions happening online. It’s an exciting time to be a retailer, and the days of having to setup an ecommerce store from scratch are long behind us.
However, a POS is more than just a cash register replacement. These systems are part of an integrated business platform that can scan, process, and track transactions, manage inventory, streamline accounting, enable customer marketing, and much more. If you’re looking to update the technology in your business, a simple cash register won’t do. Here are […]
The most vital tool for any business is a machine to process sales.
It wasn’t that long ago that the only affordable option available was a basic cash register, which included a cash drawer, receipt printer, and occasionally a card reader. These days, advancements in technology have replaced the basic cash register with more advanced point-of-sale systems.
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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