Interchange Fees
Visa CPS/Restaurant
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CPS Restaurant is the Visa interchange category that is used to calculate the interchange cost for card-present transactions that take place at a restaurant, including fast food businesses.
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Credit Card Processing
Visa CPS/Retail 2 Card Not Present
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CPS Retail 2 is a Visa interchange category that is used to calculate interchange fees for transactions involving a credit card for certain business types.
Accounting and Finance
Recurring Payments and Subscription Billing
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Recurring or subscription billing gives you the confidence of a semi-guaranteed income. It makes managing your finances a little easier, lets you plan for the future, and gives you a cushion against financial shocks. When you understand how many new customers you’re taking on, and how many you’re losing (the “churn” rate), you can also …
Credit Card Processing
Square vs. FreshBooks: Card Readers
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***Update 2023: FreshBooks no longer offers a card reader itself, instead suggesting other brands. We’re leaving this article for historical purposes, but businesses looking for a smartphone card reader should consider current options. Check out CardFellow’s equipment directory for assistance. FreshBooks started as accounting software, a rival to Intuit’s popular QuickBooks brand. In 2016, FreshBooks …
Credit Card Processing
Square Connect: Taking Payments Online
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Initially called Square Connect, Square’s website now just refers to online payment options with Square. What is Square Online Payments? The Square online payment options lets businesses with self-hosted / existing e-commerce websites seamlessly integrate their site with Square to accept payments and manage business data on a web-based dashboard. Before this option, there wasn’t …
ecommerce
Shopify vs. Volusion vs. BigCommerce: What Should You Use?
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There’s a lot to consider when starting your own ecommerce website, but we’ll help sort it out in this comparison guide. We’ll look at the most cost-effective solutions from the three big providers in the ecommerce space, Shopify, BigCommerce, and Volusion. Continue reading for details about monthly fees, transaction costs, payment solutions, marketplaces, social media …
Shopify vs. Volusion vs. BigCommerce: What Should You Use? Read More »
Credit Card Processing
POS System Cash Register Replacement
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However, a POS is more than just a cash register replacement. These systems are part of an integrated business platform that can scan, process, and track transactions, manage inventory, streamline accounting, enable customer marketing, and much more. If you’re looking to update the technology in your business, a simple cash register won’t do. Here are …
Credit Card Processing
TransArmor Security
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Note: TransArmor was originally developed and offered by First Data, who has since been acquired by Fiserv. TransArmor is still available under that name, but is now considered an offering from Fiserv. Owning a business is complicated and it can be difficult to completely protect yourself from data breaches. Whether you have store and distribution …