Credit Card Processing

POS System Cash Register Replacement

However, a POS is more than just a cash register replacement. These systems are part of an integrated business platform that can scan, process, and track transactions, manage inventory, streamline accounting, enable customer marketing, and much more. If you’re looking to update the technology in your business, a simple cash register won’t do. Here are…

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The most vital tool for any business is a machine to process sales.

It wasn’t that long ago that the only affordable option available was a basic cash register, which included a cash drawer, receipt printer, and occasionally a card reader. These days, however, advancements in technology have replaced the basic cash register with more advanced point-of-sale systems.

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Credit Card Processing, Security and PCI Compliance

First Data’s TransArmor Security

This places greater burden on businesses who invest painful amounts of money into PCI compliance, yet still remain vulnerable to data breaches. Chances are you don’t have the time to become an expert in security or payment technologies. You’re busy trying to understand customer needs so you can deliver the right goods successfully and efficiently: hopefully…

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Owning a business is complicated and it can be difficult to completely protect yourself from data breaches. Whether you have store and distribution center locations that number in the hundreds with tens of thousands of employees or run a two-man shop, constant vigilance over access points and sensitive data is a continuous, ever-changing security obstacle.

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Credit Card Processing, ecommerce

Braintree vs. Stripe: Which is Better for Online Payments?

The Braintree vs. Stripe comparison chart provided gives a quick side-by-side overview, but if you want the full details, each section of the chart is explained in depth below. (Click chart to enlarge.) What are online payment gateways? Braintree vs. Stripe – Fees Accepting Credit and Debit Cards Bitcoin Payments Chargebacks Taking Payment International Payments…

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The online payment market is getting more and more crowded. While greater competition is good for businesses, the sheer number of payment providers can be overwhelming. Here, we’ll take a look at two of the most popular options, Braintree and Stripe, to see which is better for ecommerce and online payments.

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Credit Card Processing

Credit Card Processing Downgrades at Interchange

Downgrades are an avoidable expense. The issue is that a processor’s expertise is required to recognize and address downgrades. However, processors have no financial incentive to do so. This leaves the burden of spotting and correcting downgrades on businesses. In this article I’m going to explain what downgrades are, how to spot them, and how…

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The term “downgrade” gets thrown around a lot when talking about credit card processing fees, and usually without any meaningful explanation. That’s probably because downgrades aren’t exactly a fun topic, and they’re somewhat complicated to explain.

With that said, downgrades result in a very real cost, and understanding what they are and how to avoid them is crucial to ensuring your business pays as little as possible to process credit cards.

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Interchange Fees

CPS Rewards 1 and Signature Preferred- Visa Interchange

CPS Rewards 1 is a Visa interchange category that is used to calculate the interchange fee for swiped transactions involving a credit card that produces rewards for the cardholder, such as cash back, or airline miles.

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CPS Rewards and Signature Preferred refer to Visa interchange fees for consumer credit cards that offer rewards (such as cash back or airline miles) for the cardholder.

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Credit Card Processing

CPS Rewards 2 and Signature Preferred CNP – Visa Interchange

CPS Rewards 2 is the Visa interchange category that is used to calculate the interchange fee for card-not-present transactions and keyed card-present transactions involving a credit card or regulated debit card that produces rewards for the cardholder, such as cash back, or airline miles.

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CPS Rewards 2 and Signature Preferred are Visa interchange categories that determine what a business pays when accepting a “rewards” credit card online or by keying it in.

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Interchange Fees

CPS/Retail Credit – Visa Consumer Interchange

CPS Retail is the Visa interchange category that is used to calculate the interchange fee for card-present transactions when a traditional consumer credit card (instead of rewards, business or government cards) is used and the customer’s signature is obtained.

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CPS Retail categories are among the most common Visa interchange rates, as they apply to many basic transactions at retail stores.

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Interchange Fees

CPS/Card Not Present – Visa Consumer Credit Interchange

The CPS Card Not Present interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a traditional consumer credit card (instead of rewards, business or government cards) taken by mail or over the phone.

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CPS card not present categories refer to Visa interchange rates that apply to many basic online and keyed transactions.

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