CardFellow Credit Card Processing Blog

ecommerce

Magento Review – Ecommerce Options for Your Business

by Paul Maplesden

In this review we’ll dig into Magento including its main features, benefits, customizations, integrations, and payment options. You’ll get a good overview of what Magento can offer you and the insight you need to choose the right eCommerce platform. Types of Ecommerce Platforms Magento Review: Pros Popular Ecommerce Platform Open Source Magento Review: Cons Customization…

Magento is an eCommerce platform that lets you sell products via a website, as an ecommerce shop. It was acquired by Adobe in 2018.

Read the full article

Credit Card Processing

Visa’s Misuse of Authorization Fee

by Ellen Cunningham

Sometimes called “ghost authorizations,” misused authorizations are transactions that are neither settled nor reversed properly. The fee attempts to cut down on such authorizations. Therefore, if you don’t follow a Visa authorization with a matching clearing transaction, you’ll incur the Misuse of Authorization Fee. You could also incur the fee in the case of a…

The Misuse of Authorization Fee is an assessment charge that Visa imposes on transactions that don’t follow proper authorization procedures.

Read the full article

Accounting and Finance

BlueVine: Invoice Factoring and Credit Lines for Liquidity

by Brian Penny

We’ve previously discussed invoice financing, in which a company uses your business’s outstanding invoices as collateral to finance a loan. BlueVine takes this concept one step further by offering invoice factoring. In this BlueVine review, we’ll look at what that entails and when it may be a good fit for you. Note that there’s a…

BlueVine offers invoice factoring and lines of credit for improved cash flow while you’re waiting on payment from outstanding invoices.

Read the full article

Accounting and Finance, B2B

What Is Behalf? Receive a Loan to Pay Your Vendors

by Brian Penny

It’s similar to companies offering point-of-sale loans to finance purchases (see our Affirm review for more info on purchase loans) However, instead of financing consumers, it provides microloans to vendors and other business clients when making a business purchase. While consumer sales typically require payment up front, business sales often run on payment cycles of…

Smaller B2B companies know the money constraints of net terms. Behalf offers short-term financing for B2B purchases to help ease the pain.

Read the full article

Credit Card Processing

Visa’s Base II Credit Voucher Fee

by Ellen Cunningham

Technically, there are two of these fees: the credit voucher fee and the Base II Credit Voucher Fee. The difference is that the Base II Credit Voucher Fee applies to US-based transactions. From there, the fee is split into Credit Voucher Fee (Debit), Credit Voucher Fee (Credit), Base II Credit Voucher Fee (Debit), and Base…

Visa’s Base II Credit Voucher Fee is an assessment fee that Visa charges when your business refunds a customer’s money. There are separate fees for credit and debit.

Read the full article

Credit Card Processing

Mastercard Acquirer Program Support Fee

by Ellen Cunningham

Essentially, it applies under the same circumstances as the Cross Border Fee (domestic). One or both fees can apply to the same transaction. Mastercard currently sets the APSF at 0.85%. Assessment Fees Acquirer Program Support Fee Locating the Fee on Processing Statements Finding the Lowest Cost Credit Card Processor Assessment Fees A non-negotiable component of…

Mastercard’s Acquirer Program Support Fee is an assessment fee for accepting Mastercards that were issued outside of the United States.

Read the full article

Accounting and Finance, ecommerce

What is Affirm? Understanding Purchase Financing

by Brian Penny

Affirm is one of the new wave of companies offering point of sale loans to finance purchases. Retailers like ticketing service Eventbrite, retailers Wayfair and Casper, and travel site Expedia offer point of sale financing. Essentially, when a consumer checks out on a website, they have the option of paying by taking out a loan…

Affirm loans are a short-term loan option for financing purchases at the time of sale, with a simple application and no hard credit check.

Read the full article

Credit Card Processing

Switch: Automatic Card Updating for Businesses

by Paul Maplesden

If consumers don’t update their details, it becomes very difficult for businesses to collect payment. This is especially true of online businesses and subscription services, where the card is not present. Without valid card details, requests for payment will be denied and chasing down consumers can be time-consuming and expensive. If you’ve already granted access…

Every time a new card is issued, the information and security credentials change slightly. Whether it’s the card number, expiration date, or the card security code, these differences matter.

Read the full article

Credit Card Processing exposed