Interchange Fees

Commercial Card Present – Business Debit and Prepaid Visa Interchange

These categories do not apply to credit cards of any kind or to consumer debit or prepaid cards. Commercial Card Present – Business Interchange Rates When does Commercial Card Present – Business apply? Regulated vs. Unregulated Debit Debit and Prepaid Downgrades Abbreviations and Aliases Commercial Card Present – Business Interchange Rates There are three categories,…

TwitterFacebookLinkedIn

“Commercial Card Present – Business” refers to interchange categories that determine the interchange fee a business will pay when accepting a business debit or business prepaid credit card in person.

Read the full article

Interchange Fees

Commercial Card Retail – Visa Interchange

These categories do not apply to commercial debit or prepaid cards, nor to “card not present” transactions. (Including online commercial card use and keyed commercial cards.) Commercial Card Definition Visa Commercial Card Retail Rates Rates for Purchasing and Corporate – Travel Commercial Card Retail Interchange Qualification Card Present Commercial Credit Card Meets CPS Criteria Does…

TwitterFacebookLinkedIn

Commercial Card Retail is the first part of several Visa interchange categories that determine the fee a business will pay for accepting a corporate / business credit card in person.

Read the full article

Interchange Fees

Consumer Standard Interchange – Visa Credit, Debit, and Prepaid

Standard is the most expensive possible interchange category for consumer cards. It means that you paid the maximum to process that transaction. Seeing a lot of “Standard” or abbreviations like “CONS STND” on your monthly processing statements? That indicates a problem with your transaction process. If you’re a CardFellow member, give us a call for…

TwitterFacebookLinkedIn

“Standard” is the second (and more expensive) of two “downgrade” interchange categories. It indicates that a business paid a “penalty” rate due to not meeting criteria for lower cost interchange categories.

Read the full article

Interchange Fees

CPS CNP Prepaid – Visa Interchange

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…

TwitterFacebookLinkedIn

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.

Read the full article

Interchange Fees

CPS Card Not Present Debit – Visa Interchange

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…

TwitterFacebookLinkedIn

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.

Read the full article

Interchange Fees

CPS Retail Debit and Prepaid – Visa Interchange

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…

TwitterFacebookLinkedIn

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.

Read the full article

Credit Card Processing

The Best Point of Sale Apps 2019

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…

TwitterFacebookLinkedIn

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

Read the full article

Restaurants and Bars

The Complete Guide to Grubhub for Restaurants

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…

TwitterFacebookLinkedIn

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

Read the full article