Credit Card Processing

Sam’s Club Merchant Account Services – Buyer Beware!

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 […]

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Sam’s Club Merchant Services isn’t the best choice for businesses that want competitive credit card processing services.

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Credit Card Processing

Visa International Acquirer Fee

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 […]

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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.

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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 (ISA) fee of 0.80% (eighty basis points). In April of 2019 Visa increased the base ISA fee to 1.00%. The fee applies along with other Visa fees for international transactions.

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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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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 businesses have seen costs increase because of Durbin, and those on tiered pricing allow their processors to pocket their Durbin savings.

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