CardFellow Credit Card Processing Blog

Accounting and Finance, Credit Card Processing

Verosa for QuickBooks Integration

by Jane Meggitt

Businesses can take payments through the terminal and post them automatically to QuickBooks. Verosa’s payment terminals allow customers to swipe cards via most USB card readers. The software is easy to use, and is designed for QuickBooks-using merchants seeking alternative processing avenues rather than have their credit card processing accounts with QuickBooks/Intuit. It’s unclear if Intuit…

No matter their size, merchants want the most economical way to process customer credit cards. Verosa, based in Vancouver, Washington, hosts a payment terminal specifically for QuickBooks®.

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Restaurants and Bars

Using Suggested Gratuity in Your POS System

by Amanda McNamara

As you know, tipping is the act of leaving a monetary bonus to reward waitstaff for a job well done. The amount a customer chooses to leave as a tip is typically a percentage of the overall bill. While not required, tipping is strongly encouraged in most — if not all — restaurants in The…

In American restaurants, tipping culture reigns supreme. Some POS systems allow your restaurant to suggest gratuities, streamlining the process.

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Credit Card Processing

Visa Zero Floor Limit Fee

by Ellen Cunningham

The fee basically acts as a penalty for submitting a transaction for settlement without first submitting it for proper authorization. As of 2018, Visa sets the zero floor limit fee at $0.20. Visa Assessment Fees The Zero Floor Limit Fee Finding the Fee on Your Statement Lowering Visa Costs at Your Business Visa Assessment Fees…

The Zero Floor Limit fee applies to transactions without a previously approved authorization.

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Credit Card Processing

Visa’s Zero Dollar Verification Fee

by Ellen Cunningham

When you properly verify information, the zero dollar verification fee will apply and the misuse of authorization fee will not. Visa Assessments The Zero Dollar Verification Fee Information You Can Verify Locating the Fee on Statements Lowering Costs to Take Credit Cards Comparing Markups Visa Assessments When you accept Visa cards at your business, Visa…

The Zero Dollar Verification Fee is a small charge (called an assessment) that Visa imposes when your business verifies cardholder information without actually charging the card.

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Credit Card Processing

How to Use the CardFellow Code to Compare Processors

by Ellen Cunningham

How often do you get calls and visits from processing reps promising to save you money? Daily? Weekly? These reps use a number of tactics to get you doubting your current processing solution. They may tell you that they can save you money, or that a new law means you’re now eligible for better rates,…

The CardFellow Code is a handy feature we offer to help you keep pesky salespeople at bay while ensuring you can still find out if they’re really offering a better deal.

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Credit Card Processing

Comdata Review – Is It Worth the Cost?

by Brian Penny

It also offers accounts payable, expense tracking, prepaid gift cards, and virtual cards for vendor payments and employee payroll. Comdata develops technology, issues credit cards, processes transactions, manages data and reporting, and has its own payment network. This makes it a full-service company that has products in a variety of categories we cover. We’ll review…

Comdata offers a plethora of financial services for businesses of every size in a wide range of industries. It started in the trucking industry, however, and many of its offerings (such as its POS products and fleet cards) are aimed at that sector.

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Credit Card Processing

Visa’s Base II System File Transmission Fee

by Ellen Cunningham

The System File Transmission Fee applies every time you take a Visa card. Transactions can (and often do) incur more than one assessment fee. For example, you may frequently see the System File Transmission Fee along with the Acquirer Processing Fee. Visa’s Assessments Base II Transmission Fee Locating the System File Transmission Fee Visa’s Assessments…

The Visa System File Transmission Fee, also called the Base II Transmission Fee or Base II System Fee, is an assessment fee that Visa charges.

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Accounting and Finance

Fundbox Review: Invoice Financing

by Brian Penny

Invoice financing is a popular method of obtaining short-term business capital to run your business. Fundbox offers both invoice financing and traditional business lines of credit. While these types of loans carry large fees, they can be a great short-term financing option for businesses with bad or no credit. If you’re looking for working capital,…

Fundbox is a startup that offers working capital options for businesses through invoice financing or lines of credit.

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Credit Card Processing exposed