Interchange Fees

Mastercard Merit III Credit Card Processing Fees

By

Merit 3 is Mastercard’s way of referring to a card-present transaction for most restaurants and retailers. It can actually apply to several different interchange categories based on card type and other details. It does not apply to card-not-present transactions, which will typically qualify for Merit I interchange rates. This article explains specific Mastercard interchange categories. …

Mastercard Merit III Credit Card Processing Fees Read More »

Credit Card Processing

1.54% “Flat Wholesale Rate”

By

At CardFellow, we received this message from a curious business owner. I have a question about a specific company – [removed to protect the guilty]. They are saying the rate they can provide is 1.54% on qualified and mid-qualified cards (“flat wholesale rate”). The only other rate is “up to 4.61%” on non-qualified cards. Then …

1.54% “Flat Wholesale Rate” Read More »

Credit Card Processing

Understanding American Express Merchant Services

By

There’s a lot of confusion about American Express merchant services. We regularly field questions about discount rates, pricing models, and settlement. In this article, we’ll explain everything you need to know about accepting American Express at a business. Just looking to see costs to take Amex cards? For the most up-to-date pricing, use our free …

Understanding American Express Merchant Services Read More »

Credit Card Processing

Reading A Credit Card Processing Statement

By

This article will provide the general steps and knowledge necessary to decipher your small business credit card processing statement, and will link to detailed examples of actual statement analyses that will allow you to follow along as we dissect various merchant account statements. Existing Clients: If you used CardFellow to find your current processor and …

Reading A Credit Card Processing Statement Read More »

Login
Login