It’s pretty clear from our Wells Fargo Merchant Services review that we don’t hold the company’s credit card processing services in the highest regard. We formed this opinion over many years of reviewing quotes, applications, and statements that push opaque, overly aggressive pricing. One of our least favorite tactics in Wells Fargo’s arsenal of...

Note: In 2022,the defendent in the lawsuit pled guilty. We're leaving this article as-is for historical purposes, but will no longer be updating it unless there is another lawsuit or important information related to CardReady's situation. The newest lawsuit is against payment processor CardReady, and comes from the Federal Trade Commission ...

1. You have Non-Qualified Rates Check your statements. Do you see the word "non-qualified" or any variation? (NQUAL, nonqual, etc.) If so, you're paying too much for credit card processing. Huge red flag. 1a. Did you search for a processor based on "rates" and then sign up with the lowest, with a rate of 1.5% or less? ...

You know the drill: Credit card processing sales people bombard you with calls and emails promising to save you tons of money. You resist as long as possible, but eventually you succumb to the pressure and hand over a statement from your current processor. A day or two later, a pushy salesperson shows you a quote that compares your current processo...

Disreputable processors range from deceptive to outright scam, and it’s important to know what you’re getting into when you’re choosing a credit card processing company. Take a look at what this business owner was told about hidden fees, cancellation fees, equipment, and more to learn what to watch out for so you can avoid making ...

Use this article to determine if you’re overpaying and get tips on finding a credit card processing company that won’t gouge you with these hidden fees. 1. “Non-qualified” Transaction Downgrades If you look at your credit card processing statement, do you see “non-qualified,” “non-qual,”or “nqual” listed anywhere? That’s your first red flag...

Taking credit cards at your clinic may even reduce your likelihood of overdue bills, especially if you implement a credit card on file (CCOF) policy. If you know you want to take credit cards, but it seems like a minefield, this article will tell you what you need to know about accepting credit cards at a medical practice, setting up a credit card ...

The reason why outside quotes don't compare isn't only about "rates" (though that often plays a role!) Rather, CardFellow has legal agreements in place that protect you, our clients, and create a level playing field so you don't get gouged by constantly rising prices, unfair cancellation fees, or sneaky hidden fees. The Car...