CardFellow Credit Card Processing Blog

Credit Card Processing, Legal

The FTC’s CardReady Lawsuit

by Ben Dwyer

What is CardReady? Why is CardReady getting sued? What is credit card laundering? What do I do if I use CardReady? Who is CardReady? CardReady is a payment processing company located in California. The company offers services for business that want to accept credit cards. Why is CardReady getting sued? CardReady is being sued…

It seems like there’s been a flurry of lawsuits and investigations in the payments industry lately, with Northern Leasing sued for racketeering, Mercury Payment Systems defending against a second lawsuit for deceptive pricing, and Vantiv embroiled in the DraftKings fantasy sports lawsuit mess. The newest lawsuit is against payment processor CardReady, and comes from the Federal Trade Commission and the State of Florida.

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Credit Card Processing

3 Ways to Tell if You’re Paying Too Much for Credit Card Processing

by Ben Dwyer

You Have Non-Qualified Rates You’re Using Square or PayPal You Chose a Processor from a Top Ten Processors Type of List I think I’m overpaying. How do I pay less for credit card processing? You have Non-Qualified Rates Check your statements. Do you see the word “non-qualified” or any variation? (NQUAL, nonqual, etc.) If so,…

Credit card processing is a confusing and frustrating part of business. Have you ever looked at your billing statement and thought you’re paying too much for credit card processing but couldn’t be sure? Or maybe a pushy sales person stops by and promises to save you tons of money, and you’re wondering if you’re really overpaying. Here are 3 quick ways to determine if you’re paying too much and how to lower your costs to take credit cards.

paying too much for credit card processing money drain

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Case Studies

CardFellow Debunks a Misleading Credit Card Processing Quote

by Ben Dwyer

You know the drill: Credit card processing sales people bombard you with calls and emails promising to save you tons of money. You resist as long as possible, but eventually you succumb to the pressure and hand over a statement from your current processor. A day or two later, a pushy salesperson shows you a…

CardFellow is an advocate and expert consultant that acts on behalf of our clients, and we really don’t like it when a processor tries to mislead one of our valued clients with deceptive information. That’s exactly what recently happened with a company called Riverside Payments.

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Credit Card Processing, Scams and Fraud

Credit Card Processor Scams

by Ben Dwyer

Take a look at what this business owner was told about hidden fees, cancellation fees, equipment, and more to learn what to watch out for so you can avoid making decisions based on sales rep scare tactics and keep yourself from falling for processing scams. Matching Quotes Equipment Leases Adjusting Rates Liquidated Damages Equipment Scare Tactics…

Recently, we received a comment here on our blog that perfectly illustrated some of the deception, half-truths, and spin that many credit card processing sales reps use to pressure and mislead businesses. Disreputable processors range from deceptive to outright scam, and it’s important to know what you’re getting into when you’re choosing a credit card processing company.

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Credit Card Processing

Top 3 Hidden Fees of Credit Card Processing

by Ben Dwyer

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…

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

by Ben Dwyer

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…

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

by Ben Dwyer

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…

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

by Ben Dwyer

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…

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.

FreshBooks and QuickBooks mobile readers

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Credit Card Processing exposed