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Since interchange is the largest portion of credit card processing fees, it’s worthwhile to dig into the effect of MCC on interchange. I’ll go through the finer points of MCCs below. What is a merchant category code? A merchant category code (MCC) is a four-digit number assigned to a business by an acquiring bank or …
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CardFellow’s free lifetime statement monitoring is just one of many benefits to using CardFellow.com. The credit card processing comparison website helps businesses lower their fees by an average of 40 percent and then monitors their statements to ensure rates remain as low as possible. CardFellow Lifetime Statement Monitoring CardFellow.com, a leading merchant account comparison Website, …
CardFellow Offers Free Lifetime Monitoring to Ensure Lowest Rates Read More »
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First of all, what does “credit card processing fees” actually mean? There are several different rates and fees that make up your total processing cost. In this article I’ll explain the different aspects that contribute to the fees to give you a solid understanding of who’s charging what and which areas of cost you can …
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Often shortened from “interchange reimbursement fees,” interchange refers to a set of categories that are used to determine the rates for individual card transactions. Every category has requirements for eligibility and a rate associated. Those rates change at the card brands’ discretion, typically twice a year. Interchange can be a complex topic. For the purposes …
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With consumers now regularly shopping on the internet, it’s more important than ever for businesses to be able to take credit cards online. Securely accepting payments on your website is convenient for customers, and could boost sales.
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If you’re curious whether your credit card machine can be reprogrammed, here’s the scoop: Some credit card machines can be reprogrammed to work with virtually any credit card processing service, while other machines will only work with a specific processor. But there are a few caveats, including what we mean by “processor.” Older credit card …
Can I Reprogram My Credit Card Machine For Different Processors? Read More »
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Over the last couple decades, I’ve fielded thousands of questions about pricing models and written countless blog posts to help clear up confusion about processing fees. But payment processing is a constantly-changing landscape. Over the years new models have joined the fray, such as flat-rate pricing and subscription-based pricing. So it’s worth revisiting a classic …
Is Interchange Plus Still the Gold Standard in 2025? Read More »
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Choosing a Seasonal Merchant Account Provider For seasonal businesses, transparency is key. You’ll need a processor that isn’t skittish about big seasonal swings in transaction volume and you’ll need to be open with them about the seasonal nature of your business. Additionally, finding a processor that has no or low monthly minimums for your off-months …
