Credit Card Processing

Braintree vs. Stripe: Which is Better for Online Payments?

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This Braintree vs. Stripe review will cover a number of different facets of the two services to help you make the right choice for your online business. What are online payment gateways? A payment gateway is the technology that allows you to take payments online. Gateways are integrated into ecommerce stores to authorize card payments, …

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Credit Card Processing

Address Verification Service (AVS)

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When is AVS used? Address Verification is used in all kinds of credit card scenarios. It’s common in ecommerce and other card-not-present transactions, as those transactions have fewer alternative means of verifying a cardholder’s identity. But AVS can be used in person, too. AVS is also one component in qualifying for enhanced data (level II …

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Credit Card Processing

Credit Card Processing Downgrades at Interchange

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Interchange downgrades aren’t exactly a fun topic, and they can be a little complicated to explain. However, there are very real costs associated with them, and too many downgrades means throwing money down the drain. Fortunately, downgrades are an avoidable expense. The issue is that a processor’s expertise is required to recognize and address downgrades. …

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Credit Card Processing

CPS Rewards 2 and Signature Preferred CNP – Visa Interchange

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CPS Rewards 2 is the Visa interchange category that is used to calculate the interchange fee for card-not-present transactions and keyed card-present transactions involving a credit card or regulated debit card that produces rewards for the cardholder, such as cash back, or airline miles.

Interchange Fees

CPS/Retail Credit – Visa Consumer Interchange

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CPS Retail is the Visa interchange category that is used to calculate the interchange fee for card-present transactions when a traditional consumer credit card (instead of rewards, business or government cards) is used and the customer’s signature is obtained.

Credit Card Processing

Visa Signature Preferred Retail

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Signature Preferred Retail is the Visa interchange category that is used to calculate the interchange fee for card-present transactions involving a credit card that produces rewards for the cardholder.

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