CardFellow Credit Card Processing Blog

Credit Card Processing

PIN Debit vs. Signature Debit

by Ben Dwyer

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.

Read the full article

Press Releases

CardFellow Offers Free Lifetime Monitoring to Ensure Lowest Rates

by Ben Dwyer

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,…

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

Read the full article

Credit Card Processing

MasterCard Cross Border Fee

by Ben Dwyer

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…

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.

Read the full article

Credit Card Processing

Less Discount Paid Means Less Money for You

by Ben Dwyer

“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…

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.

Read the full article

Credit Card Processing

The Best Small Business Credit Card Processing

by Ben Dwyer

This article isn’t going to just give you a list of “best credit card processors” for one simple reason: the “best” credit card processor for small businesses varies depending on the business. That’s right. Your industry, average transaction size, monthly volume, and more all play a role in the best fit. The best processor for…

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!

Read the full article

Credit Card Processing

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

by Ben Dwyer

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…

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.

Read the full article

Credit Card Processing

Non Qualified Rate: A Figment of Your Processor Imagination

by Ben Dwyer

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…

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?

Read the full article

Credit Card Processing

Visa Acquirer Processing Fee (APF)

by Ben Dwyer

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…

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.

Read the full article

Credit Card Processing exposed