CardFellow Credit Card Processing Blog

Interchange Fees

CPS CNP Prepaid – Visa Interchange

by Ellen Cunningham

The “CNP” stands for “card not present,” which tells you that these categories do not apply to transactions where you swipe a customer’s card. (It also does not apply to digital wallet payments – like Apple Pay – where a customer “taps” a phone or smart watch to a compatible credit card machine. Those payments…

CPS / CNP prepaid is part of several interchange categories that dictate the fees a business will pay when accepting a Visa prepaid card online or by keying the card number into a machine.

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Interchange Fees

CPS Card Not Present Debit – Visa Interchange

by Ellen Cunningham

Contrary to popular belief, debit cards do not incur flat fees. You’ll be charged a percentage of the total and a per-transaction fee, just like with credit cards. However, card-not-present (CNP) debit has more possible interchange categories. There are technically ten interchange categories for Visa CNP debit, but five of them are simply the “regulated…

When a business accepts a Visa debit card online or by keying in card details, it will pay one of the Visa “card not present” debit rates.

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Interchange Fees

CPS Retail Debit and Prepaid – Visa Interchange

by Ellen Cunningham

The CPS Retail Debit and Prepaid interchange categories are largely the same as CPS Retail. The difference is the card type. CPS Retail applies to consumer non-rewards credit cards, while CPS Retail Debit and CPS Retail Prepaid apply to debit and prepaid cards, respectively. Furthermore, the debit categories only apply to signature debit. (Sometimes called…

The terms “CPS Retail Debit” and “CPS Retail Prepaid” refer to Visa interchange categories that dictate part of the fee that businesses pay for certain debit and prepaid transactions.

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Credit Card Processing

The Best Point of Sale Apps 2019

by Ellen Cunningham

Depending on the app, you can expect features like inventory management, employee timeclock / tracking, and detailed reporting, as well as industry-specific functions. In fact, the right POS app can help you streamline everything from product ordering to employee time tracking. But which point of sale apps offer the best value? We’ve narrowed down our…

Point of sale apps let you carry out more functions than simple cash registers or credit card readers.

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Restaurants and Bars

The Complete Guide to Grubhub for Restaurants

by Ellen Cunningham

While you may only be familiar with the main Grubhub name, the restaurant delivery app actually owns many other delivery apps. It purchased Seamless, Eat24, and others. Grubhub claims that you can boost revenue by up to 30% when you offer delivery through its app. But how does it all work, and is it really…

Delivery apps have taken the dining world by storm, leaving many restaurateurs wondering, “Should I use Grubhub?”

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Credit Card Processing, Legal

Worldpay Potentially Grabbing Millions in Hidden Fees

by Ben Dwyer

Wells Fargo is currently being sued for charging deceptive fees, North American Bancard is currently being sued for charging deceptive fees, Mercury Payments lost a lawsuit (with a $72.5 million payout) for charging deceptive fees, and Worldpay is being sued for similar allegations. While the outcome of those lawsuits is beyond the scope of this…

Several recent lawsuits have put the spotlight on a whole series of alleged schemes by processors to collect junk charges disguised as legitimate fees.

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Credit Card Processing, Restaurants and Bars

The Complete Guide to Restaurant Credit Card Processing

by Ellen Cunningham

Restaurant owners are in a great position to secure low cost credit card processing. Lower “risk” swiped transactions, low chargebacks, and the popularity of going out to eat make processors eager to sign restaurants as clients. At CardFellow, we help restaurant owners and managers find the right fit. Whether you need particular POS features, lower…

Restaurants notoriously operate on thin margins, so ensuring that you’re not overpaying for credit card processing can help your bottom line.

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Credit Card Processing

Credit Card Machine Companies

by Ellen Cunningham

Some credit card machine companies provide merchant accounts, while others are solely equipment manufacturers. We’ll take a look at why that matters and give a rundown of the major equipment providers in the United States. This article is specifically about credit card machine companies, not the machines themselves. Need details on particular machines? Check out…

There are a lot of options when it comes to credit card payment machines. Here are some of the leading equipment manufacturers.

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Credit Card Processing exposed