CardFellow Credit Card Processing Blog

Credit Card Processing

Comdata Review – Is It Worth the Cost?

by Brian Penny

It also offers accounts payable, expense tracking, prepaid gift cards, and virtual cards for vendor payments and employee payroll. Comdata develops technology, issues credit cards, processes transactions, manages data and reporting, and has its own payment network. This makes it a full-service company that has products in a variety of categories we cover. We’ll review…

Comdata offers a plethora of financial services for businesses of every size in a wide range of industries. It started in the trucking industry, however, and many of its offerings (such as its POS products and fleet cards) are aimed at that sector.

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Credit Card Processing

Visa’s Base II System File Transmission Fee

by Ellen Cunningham

The System File Transmission Fee applies every time you take a Visa card. Transactions can (and often do) incur more than one assessment fee. For example, you may frequently see the System File Transmission Fee along with the Acquirer Processing Fee. Visa’s Assessments Base II Transmission Fee Locating the System File Transmission Fee Visa’s Assessments…

The Visa System File Transmission Fee, also called the Base II Transmission Fee or Base II System Fee, is an assessment fee that Visa charges.

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Accounting and Finance

Fundbox Review: Invoice Financing

by Brian Penny

Invoice financing is a popular method of obtaining short-term business capital to run your business. Fundbox offers both invoice financing and traditional business lines of credit. While these types of loans carry large fees, they can be a great short-term financing option for businesses with bad or no credit. If you’re looking for working capital,…

Fundbox is a startup that offers working capital options for businesses through invoice financing or lines of credit.

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ecommerce

Magento Review – Ecommerce Options for Your Business

by Paul Maplesden

In this review we’ll dig into Magento including its main features, benefits, customizations, integrations, and payment options. You’ll get a good overview of what Magento can offer you and the insight you need to choose the right eCommerce platform. Types of Ecommerce Platforms Magento Review: Pros Popular Ecommerce Platform Open Source Magento Review: Cons Customization…

Magento is an eCommerce platform that lets you sell products via a website, as an ecommerce shop. It was acquired by Adobe in 2018.

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Credit Card Processing

Visa’s Misuse of Authorization Fee

by Ellen Cunningham

Sometimes called “ghost authorizations,” misused authorizations are transactions that are neither settled nor reversed properly. The fee attempts to cut down on such authorizations. Therefore, if you don’t follow a Visa authorization with a matching clearing transaction, you’ll incur the Misuse of Authorization Fee. You could also incur the fee in the case of a…

The Misuse of Authorization Fee is an assessment charge that Visa imposes on transactions that don’t follow proper authorization procedures.

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Accounting and Finance

BlueVine: Invoice Factoring and Credit Lines for Liquidity

by Brian Penny

We’ve previously discussed invoice financing, in which a company uses your business’s outstanding invoices as collateral to finance a loan. BlueVine takes this concept one step further by offering invoice factoring. In this BlueVine review, we’ll look at what that entails and when it may be a good fit for you. Note that there’s a…

BlueVine offers invoice factoring and lines of credit for improved cash flow while you’re waiting on payment from outstanding invoices.

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Accounting and Finance, B2B

What Is Behalf? Receive a Loan to Pay Your Vendors

by Brian Penny

It’s similar to companies offering point-of-sale loans to finance purchases (see our Affirm review for more info on purchase loans) However, instead of financing consumers, it provides microloans to vendors and other business clients when making a business purchase. While consumer sales typically require payment up front, business sales often run on payment cycles of…

Smaller B2B companies know the money constraints of net terms. Behalf offers short-term financing for B2B purchases to help ease the pain.

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Credit Card Processing

Visa’s Base II Credit Voucher Fee

by Ellen Cunningham

Technically, there are two of these fees: the credit voucher fee and the Base II Credit Voucher Fee. The difference is that the Base II Credit Voucher Fee applies to US-based transactions. From there, the fee is split into Credit Voucher Fee (Debit), Credit Voucher Fee (Credit), Base II Credit Voucher Fee (Debit), and Base…

Visa’s Base II Credit Voucher Fee is an assessment fee that Visa charges when your business refunds a customer’s money. There are separate fees for credit and debit.

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Credit Card Processing exposed