Getting a low interchange plus rate is important, but the rate is just a drop in the bucket.
Asking the question “what is a good interchange plus rate?” is like asking the question “how much does a car cost?” Neither question can be answered accurately without first knowing several supporting details.
Not too long ago, CardFellow posted an evaluation of Costco merchant accounts that found Costco’s service to be very disappointing. Undeterred, I decided to take a look at the merchant services offered by Sam’s Club to see if Costco’s big-box competitor fares any better. As it turns out, Sam’s Club Merchant Services uses the same…
Sam’s Club Merchant Services isn’t the best choice for businesses that want competitive credit card processing services.
Despite how it sounds, you may incur the international acquirer fee even if you don’t think you take international payments. That’s because the fee applies to transactions in the United States made with cards issued outside of the United States. If a foreign customer uses their card at your business, the fee will apply. Visa…
Visa’s International Acquirer Fee is one of several assessment fees that apply to Visa transactions. It often applies in conjunction with the International Service Assessment (ISA) Fee.
Visa charges a number of different fees, called assessment fees. Every time you accept a Visa card, assessments apply. The Base II fee, or settlement network access fee, is one of those assessment fees. As of 2018, Visa sets the Base II fee at $0.0025. What is Visa Base I and Base II? The Network…
Visa charges a fee for settlement requests. It’s called a settlement network access fee or a Base II fee.
101 credit card processing tips may seem like a lot, but the more you know the better equipped you will be to avoid pitfalls. The benefits of CardFellow also become more apparent as you learn how credit card processing *really* works.
The Tip of Tips: If you *think* you are paying too much for credit card processing — you are! Read on for additional credit card processing tips to help your business.
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.
Use the secrets that credit card processors don't want you to know to drastically lower your credit card processing fees.
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