The International Service Assessment (ISA) fee only applies in situations where a US-based business accepts a Visa card issued by a non-US Bank. If you take card payments from foreign visitors in person or accept foreign transactions online, you may see the ISA fee as part of your processing costs. Visa’s Assessment Fees The International…
In April 2008, Visa implemented an international service assessment fee of 0.80% (eighty basis points). It applies along with other Visa fees.
Knowing how to spot bait-and-switch pricing will save time and money.
Some credit card processors play the old bait-and-switch game of advertising rates that seem too good to be true.
Pivotal Payments Fees – a $3,445 cancellation fee Three-year auto-renewing contract term Liquidated Damages The Latest Update Pivotal Payments’ fees aren’t the only thing to investigate. There’s a reason why we scrutinize each processor before we invite them to participate in CardFellow’s marketplace. We look at reputation, sales tactics, customer complaints, and more. We even…
Pivotal Payments offers credit card processing services, but is it a good choice for your business? Let’s take a look at CardFellow’s experience.
How are businesses with small tickets an unexpected (or expected, depending on whom you ask) casualty of the Durbin Amendment? Let’s take a look. Interchange is Complicated What the Durbin Amendment Did Small Ticket Interchange Before Durbin Small Ticket Interchange After Durbin Proof in Numbers Durbin Reconsiderations Interchange is Complicated The fees that businesses pay…
Now that we’ve had a chance to see actual post-Durbin processing volume, data shows that most businesses save significantly on debit volume thanks to the Durbin Amendment. The only exception to this is businesses with small tickets, or those on tiered pricing. Small ticket merchants have seen costs increase because of Durbin, and merchants on tiered pricing allow their processors to pocket their Durbin savings.
We caught a processor in the act of pocketing Durbin savings, and we saved the business 43% when all was said and done. As this success story shows, a low rate is just the start of savings. A competitive pricing model and fair terms produce savings, too.
One small business finds out just how helpful CardFellow can be when it comes to saving you money on processing fees.
It’s important to note that credit card convenience fees are different than credit card surcharges. In 2013, businesses won the ability to charge customers a surcharge for paying with a credit card. Ten states still prohibit surcharging, and surcharges are still not allowed on debit transactions. Read more about the settlement and surcharging in CardFellow’s…
In some cases, your business can charge customers a convenience fee for using a credit card, but there’s a maze of rules, exceptions and even state laws to navigate to ensure you stay compliant with the terms of your merchant processing agreement.
Mastercard charges the NABU fee on all authorized or refunded credit and signature debit Mastercard transactions. The fee is currently set at $0.0195. Mastercard Assessment Fees Network Access Brand Usage (NABU) Fee Locating the NABU Fee How to Lower Your Costs Mastercard Assessment Fees Assessment fees, such as the NABU fee, are charges incurred as…
If you accept Mastercard at your business, chances are you’ve seen a Network Access Brand Usage (NABU) fee on your credit card processing statement.
So which is cheaper, PIN debit or signature debit? A rough rule of thumb is that PIN debit transactions are cheaper for businesses with larger average transactions. Signature debit is cheaper for businesses with smaller average transactions. Signature Debit / Offline Debit PIN Debit / Online Debit Which method is cheaper? Durbin Amendment Cap Chargebacks…
A debit card can be processed as either a signature or PIN-based transaction and your business will incur different charges depending on which method you use.
Use the secrets that credit card processors don't want you to know to drastically lower your credit card processing fees.
Read Now!
