Credit Card Processing

Top 3 Hidden Fees of Credit Card Processing

Use this article to determine if you’re overpaying and get tips on finding a credit card processing company that won’t gouge you with these hidden fees. 1.“Non-qualified” Transaction Downgrades 2. Lost Interchange Credits on Refunds 3. Padded Assessments Okay, so how do I avoid these hidden fees? 1. “Non-qualified” Transaction Downgrades If you look at…

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Credit card processing can be expensive, and hidden fees may be part of the problem. Have you ever looked at your credit card processing statement and noticed “non-qualified” transactions with a higher rate than what you thought you’d be paying? That’s one of the 3 most common hidden fees that might mean you’re paying more than you need to for credit card processing.

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Credit Card Processing, Medical and Dental

Credit Cards On File: Taking Credit Cards as a Doctor or Healthcare Professional

If you know you want to take credit cards, but it seems like a minefield, this article will tell you what you need to know about accepting credit cards at a medical practice, setting up a credit card on file solution for accounts receivable, taking FSA or HSA payments, and choosing the right HIPAA compliant…

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Even though many people have some type of health insurance, it’s likely that your patients will need to pay for some of their services out of pocket. Whether it’s a co-payment or the full cost of a visit, people like the convenience of paying by card. Taking credit cards at your clinic may even reduce your likelihood of overdue bills, especially if you implement a credit card on file (CCOF) policy.

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Credit Card Processing

Credit Card Processing: CardFellow Pricing vs. Outside Quotes

  The CardFellow Advantage What if my current rates are more competitive? Compare for Yourself My processor says they’ll match a quote from CardFellow’s marketplace The CardFellow Advantage How do we know that the quotes offered through CardFellow are more competitive than anywhere else? Because we’ve stacked the deck in your favor. We require interchange-plus…

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Every so often a client will ask us, “How does [processor’s name] quote compare to the quotes I’ve received from processors through CardFellow?” I’ll elaborate throughout this article, but the short answer is: it doesn’t.

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Credit Card Processing

FreshBooks vs. Intuit GoPayment and QuickBooks for Taking Credit Cards

While there are plenty of mobile card readers (such as those available from Square, Authorize.Net, AnywhereCommerce, and more) FreshBooks is one of few that is offered by and directly integrates with accounting software. The main competitor in that arena is Intuit’s GoPayment, the mobile processing solution from the makers of QuickBooks. How do FreshBooks mobile…

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Accounting software company FreshBooks rolled out an EMV/magstripe mobile credit card reader in the spring of 2016. We have a full review of the Freshbooks reader, but if you’re looking for more details, like how it stacks up to other options, this article is for you.

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Credit Card Processing, Medical and Dental

Credit Card Processing for Plastic and Cosmetic Surgery

Maybe you’re new to taking credit cards, or maybe you’re already processing cards and think you’re paying too much, but don’t want to deal with the hassle of finding a better solution. Whatever the case, we’ve got the answers you need to help you choose the right credit card processing company for your plastic surgery…

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In this day and age, most businesses find it beneficial to accept credit cards. But for cosmetic and plastic surgeons, it’s practically a necessity. From co-payments to needing or wanting procedures that aren’t necessarily covered by insurance, your clients turn to credit cards to pay. As a cosmetic or plastic surgeon, being able to accept your client’s credit or debit card can be the difference between getting their business or losing it to another practice.

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Credit Card Processing

5 Reasons to Ask for OptBlue Pricing if You Take American Express

If you already take American Express cards or are considering accepting them at your business, you’ll want to make sure your processor charges you with OptBlue. Here’s why: It’s Cheaper Well, probably. The new OptBlue pricing is a cost plus model, so if you’re not on a tiered pricing model and if have a competitive…

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Like many businesses, you probably think of American Express as the expensive credit card to accept. That’s changing thanks to American Express’s new pricing, called OptBlue.

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Press Releases

Payline Joins the CardFellow Marketplace

Middletown, CONN. – CardFellow is pleased to announce that Payline has joined its marketplace of credit card processing companies. When businesses come to CardFellow looking for a payment processor, Payline can offer certified quotes that adhere to CardFellow’s requirements. Payline will quote using interchange plus pricing with true pass-through, will not charge cancellation fees, and…

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CardFellow is pleased to announce that Payline has joined its credit card processing marketplace.

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Accounting and Finance, Credit Card Processing

Should You Get a Merchant Cash Advance?

Many processors now offer cash advances, and popular platform Square is making the process easier than ever by including information on their cash advance program, Square Capital, right in an eligible business’s processing dashboard. But are cash advances worth the costs? Primarily because of hefty fees, it may be worth it to look for funding…

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When you need money for your small business, it may be tempting to take a merchant cash advance, or an advance of money against your future credit card sales. Your credit card processing company (or other cash advance provider) will deposit money into your bank account, which you will then pay back through daily automatic deductions from your credit card sales.

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