Historically, this interchange category applied to credit cards as well. As of 2023, there are no CPS Retail 2 Card Not Present interchange categories for credit cards; it only applies to debit and prepaid cards, as follows. Interchange rate & fee (debit): 0.65% + $0.15*, with a $2.00 cap. Interchange rate & fee (prepaid): 0.65% + $0.15, ...

Historically, Visa had categories for CPS Restaurant that applied to credit cards. However, as of 2023, none of those categories are listed in Visa's interchange tables. Only CPS restaurant for debit and prepaid cards remain. Let’s take a look at when the different categories apply, the costs, and other categories you might see as a restaurant o...

In the past, the category had subcategories for credit, debit, and prepaid cards. As of 2023, there are only subcategories for debit and prepaid cards. Interchange rate & fee (debit): 1.55% + $0.04* Interchange rate & fee (prepaid): 1.60% + $0.05 *Note that this fee only applies to unregulated debit transactions. Regulated debit transact...

***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 t...

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, marke...

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. He...

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 distributi...

Using a tablet for a POS system provides mobility and a seamless platform for both sales and inventory management. You can take it with you on the go, or use it in a restaurant to take orders or payments tableside. Note that some tablet POS system makers offer bundles that include a tablet and the POS software, but many don’t. If you’re consider...