Credit Card Processing

Mastercard Processing Integrity Fee

The amount and criteria for the fee vary depending on specific circumstances, which we’ll explain in detail below. Processing Integrity Fee Summary Mastercard Assessment Fees Processing Integrity Fee in Detail Pre-Authorization Final Authorization Undefined Authorization Other Rules Locating the Processing Integrity Fee on Statements Lowering Your Mastercard Acceptance Costs Processing Integrity Fees Summary As of…

TwitterFacebookLinkedIn

The Mastercard Processing Integrity Fee is an “assessment fee” Mastercard charges to encourage businesses to adhere to correct authorization standards for transactions.

Read the full article

Credit Card Processing

Assessments: Discover International Processing Fee and International Service Fee

If you take a Discover card that was issued outside the US, you’ll be subject to international processing fees. Discover Assessments Discover International Fees Identifying International Processing Fees Lowering Your Costs Discover Assessments Assessment fees are a non-negotiable component of credit card processing costs. Assessments are set by the card brands and are the same…

TwitterFacebookLinkedIn

Discover imposes two assessment fees specifically for international transactions: The International Processing Fee and the International Service Fee. Both fees can apply to one transaction.

Read the full article

Credit Card Processing

American Express International Assessment

As of 2018, the International Assessment carries a rate of 0.40% of the total transaction volume. Let’s break that down further and take a look at when this fee is charged. OptBlue Pricing Model American Express Assessments When is the International Assessment charged? Lowering Your Amex Acceptance Costs OptBlue Pricing Model Firstly, the International Assessment…

TwitterFacebookLinkedIn

The International Assessment is a credit card processing charge that a business on an OptBlue pricing model incurs when accepting an American Express card that was issued outside of the United States.

Read the full article

Credit Card Processing

American Express Card Not Present Surcharge

Let’s break that down a little further. Defining Card Not Present What is OptBlue? Card Not Present Surcharge Do all processors impose the Card-Not-Present Surcharge? Defining Card Not Present The term “card not present” can be a little tricky. It covers any transaction where you don’t run the card through a credit card machine using…

TwitterFacebookLinkedIn

American Express’ Card Not Present Surcharge is a fee charged to businesses on the OptBlue pricing model that take credit cards through non-swiped methods, such as online or by keying in card details.

Read the full article

Credit Card Processing

Discover Data Usage Fee

However, processors may or may not charge it, and may or may not list it as the “data usage fee.” What are assessment fees? Data Usage Fee Paying the Data Usage Fee Interchange Plus Pricing Flat Rate Pricing Can I lower or avoid the Data Usage Fee? What are assessment fees? Assessment fees are a…

TwitterFacebookLinkedIn

The “Data Usage Fee” is an assessment charge Discover imposes when you accept Discover cards at your business.

Read the full article

Credit Card Processing, ecommerce

Mastercard Digital Enablement Fee

Let’s take a look at when you’ll be charged, how much, and how to locate the fee. What is the Digital Enablement Fee? Credit Card Assessments Where to Find the Digital Enablement Fee The Digital Enablement Fee on Interchange Plus and Tiered Statements The Digital Enablement Fee on Flat Rate Statements Can I get the…

TwitterFacebookLinkedIn

Wondering about the “digital enablement fee” on your credit card processing statement? Mastercard’s Digital Enablement Fee is a charge to businesses that accept card-not-present transactions, such as ecommerce websites.

Read the full article

Credit Card Processing, ecommerce, Security and PCI Compliance

Using American Express SafeKey

Available from American Express, SafeKey provides an addition layer of protection for online transactions made with an American Express card. What is American Express SafeKey? SafeKey 2.0 How it Works Benefits of Implementing SafeKey Does it cost money to use American Express SafeKey? How to Implement SafeKey Taking American Express What is American Express SafeKey?…

TwitterFacebookLinkedIn

The major card brands offer advanced anti-fraud tools for businesses willing to use them, and SafeKey is one such tool.

Read the full article

Business, Credit Card Processing, ecommerce

What Changes Will the Internet of Things Make to Payments?

While they provide tremendous convenience, it’s also vital to properly secure IoT products, especially if they have access to our financial details. Let’s take a look at the IoT, explain what it is, how it’s integrating payments, and the impact that will have on consumers, manufacturers, and payment providers. What is the Internet of Things?…

TwitterFacebookLinkedIn

Imagine a world of 20 billion connected devices, all transmitting and receiving data. Now, imagine that a good portion of these devices can make payments and order products and services on your behalf. That’s not just in your head — that’s the Internet of Things (IoT), and as time goes on, these devices will be everywhere.

Read the full article