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However, some credit card processors are now offering “zero fee” processing as a way to seemingly get around interchange fees and attract businesses to use their services. These processing options may have different names: zero fee processing, cash discounting, and free credit card processing. Obviously there’s a lot of fine print involved, and it’s important …
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More people use credit cards for payments and mobile phones are becoming a popular consumer payment option as well. Apple, Android, Samsung, and Chase all offer ways for customers to use their smartphones for payments, and new services are popping up all the time. So what’s the difference between EMV and NFC, and why should …
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Note: Fattmerchant has changed its name to Stax. We’re preserving this profile for historical record, but have created a new review of the Stax offering, available here: Stax credit card processing review. At the time of this update, Stax utilizes the same pricing model as Fattmerchant did, and some of the information contained below may …
Fattmerchant Credit Card Processing – Does it really compare? Read More »
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Let’s take a look at what Bitcoin is, how you can accept it, and whether you should consider taking it at your business. What is Bitcoin? Bitcoin is a cryptocurrency. The term sounds cloak-and-daggerish, but it refers to a digital currency designed to exchange information via encryption techniques. There is no physical coin in a …
Taking Bitcoin – Does it Make Sense For Your Business? Read More »
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EIRF is a Visa interchange category that indicates a downgrade. Transactions qualify for EIRF when they don’t meet the criteria for categories with lower rates. For example, a transaction that is keyed-in to a terminal without address verification information instead of being swiped may fall into the EIRF category.
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CPS Supermarket is an interchange category used to determine the fee for Visa cards used at grocery stores when the card is present and a customer’s signature is obtained.
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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, defined by Merchant Category Codes below.
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Signature Preferred Card Not Present or CNP is a Visa interchange category used to determine the fee for transactions that take place with the credit card not present at businesses other than travel services.
