Spotting these shysters is easier said than done because they will in fact honor the low rates they advertise. Processors that use bait-and-switch aren't blatantly lying; instead, they're tactfully omitting some important details. This type of credit card processing bait and switch can be costly for your business, but there are ways to avoi...

Note: Pivotal Payments has changed its name and goes by Nuvei. It's possible that the new company does not engage in the same practices noted in this article. We're leaving it here for historical purposes, but will no longer be updating it. If it turns out that Nuvei utilizes the same practices, we will create a new article detailing those situatio...

How are businesses with small tickets an unexpected (or expected, depending on whom you ask) casualty of the Durbin Amendment? Let's take a look. Interchange is Complicated The fees that businesses pay to process a credit or debit card transaction are called interchange fees. An interchange fee generally consists of a percentage and flat tran...

You get the experts on your side when you use CardFellow to find the best credit card processing service. Here's a case where just this week we analyzed a credit card processing statement to uncover a little secret that their processor would rather have kept quite. The complexity of credit card processing fees can make it difficult to spot a good ...

In some cases, your business can charge customers a convenience fee for using a credit card. But there’s a maze of rules, exceptions, and even state laws to navigate to ensure you stay compliant with the terms of your merchant processing agreement. It’s also important to note that credit card convenience fees are different than credit card surch...

Mastercard charges the NABU fee on all authorized or refunded credit and signature debit Mastercard transactions. The fee is currently set at $0.0195. Mastercard Assessment Fees Assessment fees, such as the NABU fee, are charges incurred as part of processing a credit card. Revenue generated from the NABU fee goes directly to MasterCard, mean...

So which is cheaper, PIN debit or signature debit? A rough rule of thumb is that PIN debit transactions are cheaper for businesses with larger average transactions. Signature debit is cheaper for businesses with smaller average transactions. There are expections, but this can be generally applied as a quick way to gauge the lower cost. Sign...

Mastercard charges an assessment fee called a “cross border fee” on all transactions acquired in the United States that involve a credit card issued outside of the United States. For example, if a cardholder uses their Canadian-issued Mastercard to make a purchase from a business in Michigan, the business will be assessed a cross border fee. Let...