Credit Card Processing

Visa Zero Floor Limit Fee

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…

TwitterFacebookLinkedIn

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

Read the full article

Credit Card Processing

Visa’s Zero Dollar Verification Fee

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…

TwitterFacebookLinkedIn

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.

Read the full article

Credit Card Processing

How to Use the CardFellow Code to Compare Processors

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,…

TwitterFacebookLinkedIn

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.

Read the full article

Credit Card Processing

Comdata Review – Is It Worth the Cost?

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…

TwitterFacebookLinkedIn

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.

Read the full article

Credit Card Processing

Visa’s Base II System File Transmission Fee

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…

TwitterFacebookLinkedIn

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.

Read the full article

Accounting and Finance

Fundbox Review: Invoice Financing

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,…

TwitterFacebookLinkedIn

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

Read the full article

ecommerce

Magento Review – Ecommerce Options for Your Business

In this review we’ll dig into Magento including its main features, benefits, customizations, integrations, and payment options. You’ll get a good overview of what Magento can offer you and the insight you need to choose the right eCommerce platform. Types of Ecommerce Platforms Magento Review: Pros Popular Ecommerce Platform Open Source Magento Review: Cons Customization…

TwitterFacebookLinkedIn

Magento is an eCommerce platform that lets you sell products via a website, as an ecommerce shop. It was acquired by Adobe in 2018.

Read the full article

Credit Card Processing

Visa’s Misuse of Authorization Fee

Sometimes called “ghost authorizations,” misused authorizations are transactions that are neither settled nor reversed properly. The fee attempts to cut down on such authorizations. Therefore, if you don’t follow a Visa authorization with a matching clearing transaction, you’ll incur the Misuse of Authorization Fee. You could also incur the fee in the case of a…

TwitterFacebookLinkedIn

The Misuse of Authorization Fee is an assessment charge that Visa imposes on transactions that don’t follow proper authorization procedures.

Read the full article