Press Releases

CardFellow Offers Free Lifetime Monitoring to Ensure Lowest Rates

CardFellow’s free lifetime statement monitoring is just one of many benefits to using CardFellow.com. The credit card processing comparison website helps businesses lower their fees by an average of 40 percent and then monitors their statements to ensure rates remain as low as possible. CardFellow Lifetime Statement Monitoring CardFellow.com, a leading merchant account comparison Website,…

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CardFellow.com offers a monitoring service to ensure businesses keep the low rates they obtain through the online credit card processing marketplace.

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Credit Card Processing

MasterCard Cross Border Fee

Mastercard charges an assessment fee called a “cross border fee” on all transactions acquired in the United States that involve a credit card issued outside of the United States. For example, if a cardholder uses their Canadian-issued Mastercard to make a purchase from a business in Michigan, the business will be assessed a cross border…

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Mastercard’s Cross Border Fee is one of many possible assessment fees. If you accept Mastercard at your business, you may see a cross border fee on processing statements.

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Credit Card Processing

Less Discount Paid Means Less Money for You

“Less Discount Paid” Defined “Less discount paid” is the term that credit card processing services use to indicate the amount of money that has been in fees throughout a given month. In order to determine the total amount paid in processing fees for a given month, you have to add “less discount paid” to the…

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The phrase “less discount paid” on a processing statement can be confusing. It actually means the amount that you’ve paid in processing fees already.

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Credit Card Processing

Small Business Credit Card Processing Tips

Follow these five credit card processing tips for small businesses and you’ll be able to secure credit card processing rates for your small business that will make Walmart jealous. Alright, that’s a bit of a stretch, but you get the idea. Act Like Your Small Business is Huge! Know Where Your Money Goes. Stick with…

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So you think that just because you have a small business you can’t get the competitive credit card processing rates that big businesses get? Think again!

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Credit Card Processing

Credit Card Processing Refunds: Is Your Processor Stealing Your Money?

Luckily, plugging the cash flow leak is possible by getting interchange pass through pricing instead of bundled and knowing what to look for. You don’t have to worry about losing money on credit card refunds if you found your processor here at CardFellow. We don’t allow processors to structure pricing in such a way that…

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If your business has bundled credit card processing fees your processor is pocketing your fee credits every time you issue a debit or credit card refund. If you’re in an industry that regularly accepts returns and issues refunds (like clothing and shoe stores, general merchandise retailers, electronics stores, and more) this affects you.

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Credit Card Processing

Non Qualified Rate: A Figment of Your Processor Imagination

If so, you’ll be really happy to learn that non-qualified rates are nothing more than a figment of your processor’s imagination often used to increase profits through the practice of excessive surcharging. Non-qualified rates can be easily avoided, and this article will show you how to rid yourself of non-qualified fees forever. The Frustration of…

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Are you looking at your credit card processing statement every month while banging your head against the wall trying to figure out how to lower your non-qualified credit card processing fees?

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Credit Card Processing

Visa Acquirer Processing Fee (APF)

The Acquirer Processing Fee is sometimes called the Visa Authorziation Processing Fee. Note that Visa charges a separate acquirer processing fee for debit and credit card transactions. The APF for credit card transactions is $0.0195, and the APF for debit card transactions is $0.0155. For debit, the APF only applies to signature-based debit authorizations, not…

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Visa began charging an acquirer processing fee (APF) on July 1, 2009 on all authorizations acquired in the United States. The acquirer processing fee is a flat transaction fee.

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Credit Card Processing

Costco Credit Card Processing = A Big Mistake!

Costco’s merchant accounts use tiered pricing with bait and switch rates. In short, you will pay through the nose to process credit cards, and you’ll likely be stuck doing it until your multi-year contract expires. Here’s a breakdown of why Costco credit card processing services are so horrible. Tiered Pricing Inconsistent Buckets Bait-and-Switch Rates Cancellation Fees…

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Costco may sell some things at wholesale prices, but it’s not merchant accounts. In fact, Costco doesn’t even provide credit card processing. Instead, they outsource merchant services to a company called Elavon.

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