Mercury Payment Systems Sued (Again) for Overcharging
Two businesses have filed a lawsuit against Colorado-based Mercury Payment Systems, claiming the company adds hidden fees when charging businesses for credit card processing.
Watch Out for EMV Non-Compliance Fees
The EMV liability shift has come and gone, and you probably know that if you don’t have an EMV-capable terminal to take chip cards, you’re liable for fraudulent transactions. But did you know that you may be subject to an EMV non-compliance fee, EMV non-enabled fee, or EMV non-acceptance fee?
Chase Pay Digital Wallet
In November 2016, JP Morgan Chase launched a new digital wallet, called Chase Pay. I know what you’re thinking – there’s already Apple Pay, Android Pay, Samsung Pay, Google Wallet, PayPal… do we really need another digital wallet?
Basis Point Calculator
A convenient calculator for basis point conversions.
Interchange-plus: You can still get gouged!
Years ago I worked for someone that loved the saying, “We pose the greatest risk to ourselves when we know just enough to be dangerous.”
This is often the case with interchange-plus pricing and credit card processing. You’re reading this because you’re likely tired of paying high credit card processing fees, and you probably came across an article or two that touts interchange-plus as the solution to your problem.
Square: Process for Free, Just Like Starbucks
You can have Square subsidize your credit card processing fees, just like Starbucks did. It’s just a matter of using Square’s overly simplified pricing to your advantage.
Credit Card Processor Ratings: Why CardFellow Doesn’t Do It
At CardFellow, we’re often asked who is the “best” processor. We don’t rate processors or keep lists of who is the “best” for one simple reason: the best processor will vary depending on your business. Lists of the top credit card processors ultimately aren’t helpful, and can lead you in the wrong direction when it comes to getting the right processing solution.
The Truth Behind “We’ll Give You $500 if We Can’t Beat Your Rates” Offers
If you accept credit cards at your business and have spent any time researching processors, you’ve probably come across sales gimmicks offering cash if the processor can’t beat your current rates. You know the one: “If we can’t lower your rates, we’ll give you $500 and a free unicorn!”