Credit Card Processing

Visa Base II Fee or Settlement Network Access 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…

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Visa charges a fee for settlement requests. It’s called a settlement network access fee or a Base II fee.

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Credit Card Processing

101 Credit Card Processing Tips

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.

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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.

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Credit Card Processing

Visa International Service Assessment (ISA)

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…

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In April 2008, Visa implemented an international service assessment fee of 0.80% (eighty basis points). It applies along with other Visa fees.

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Credit Card Processing

Pivotal Payments’ Cancellation Fee & Auto Renewing Contract

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…

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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.

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Credit Card Processing

Small Tickets – The Durbin Downside

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…

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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.

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Case Studies

[Case Study] CardFellow Ensures Business Receives 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.

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One small business finds out just how helpful CardFellow can be when it comes to saving you money on processing fees.

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Credit Card Processing, Legal

Charging Customers a Credit Card Fee at Check Out

It’s also important to note that credit card convenience fees are different than credit card surcharges. Surcharges are when you charge a fee to customers for using a credit card. Convenience fees are when you charge a fee to customers for the convenience of paying outside of your usual channel (for example, paying over the…

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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.

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