Press Releases

CardFellow Clients Process More than $1 Billion Annually

MIDDLETOWN, Conn. – CardFellow, a free web-based service that helps businesses find their perfect credit card processor, announced today that its client portfolio now exceeds $1 billion in processing volume each year. Founder and president Ben Dwyer said that reaching this milestone shows that CardFellow fills a need for businesses that are frustrated by expensive fees…

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CardFellow, a free web-based service that helps businesses find their perfect credit card processor, announced that its client portfolio now exceeds $1 billion in processing volume each year.

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Credit Card Processing, Legal

Mercury Payment Systems Sued (Again) for Overcharging

If that sounds familiar, it’s because it’s the same thing that Mercury was sued for by Heartland Payment Systems in 2014. Archer’s Barbeque v. Mercury Payment Systems Heartland Payment Systems v Mercury Payment Systems Mercury Payment Systems’ Reply Are these lawsuits accurate? How Mercury Payment Systems Adds Hidden Fees Do other processors add hidden fees?…

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Two businesses have filed a lawsuit against Colorado-based Mercury Payment Systems, claiming the company adds hidden fees when charging businesses for credit card processing.

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Credit Card Processing

Chase Pay Digital Wallet

And if your customers start paying with digital wallets more often, Chase Pay could be a cost-saving option. What is Chase Pay? When did Chase Pay officially launch? What’s different about Chase Pay for consumers? Do all credit cards work with Chase Pay? What’s different about Chase Pay for businesses? About MCX About CurrentC Why…

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In November 2016, JP Morgan Chase launched a new digital wallet, called Chase Pay. I know what you’re thinking – there’s already Apple Pay, Android Pay, Samsung Pay, Google Wallet, PayPal… do we really need another digital wallet? Chase thinks so.

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Credit Card Processing

Interchange-plus: You can still get gouged!

At this very moment you know just enough to be dangerous. I highly suggest (and I know my previous employer would agree) that you keep reading. The Flawed Definition of Interchange-Plus Concealing a Markup on Interchange Ridiculous Markups Imaginary Fees Non-Receipt of Credits & Vouchers What’s your time worth? The Flawed Definition of Interchange-Plus We…

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Years ago I worked for someone that loved the saying, “We pose the greatest risk to ourselves when we know just enough to be dangerous.”

This is often the case with interchange-plus pricing and credit card processing. You’re reading this because you’re likely tired of paying high credit card processing fees, and you probably came across an article or two that touts interchange-plus as the solution to your problem.

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Credit Card Processing

Credit Card Processor Ratings: Why CardFellow Doesn’t Do It

Before you get discouraged thinking that means you’ll have to do a ton of work to find out who’s really the “best,” we’ll offer information in this article that will help you determine who is the best processor for you. To do that, we also have to tell you what to watch out for: “best…

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At CardFellow, we’re often asked who is the “best” processor. We don’t rate processors or keep lists of who is the “best” for one simple reason: the best processor will vary depending on your business. Lists of the top credit card processors ultimately aren’t helpful, and can lead you in the wrong direction when it comes to getting the right processing solution.

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Accounting and Finance, Credit Card Processing

QuickBooks Integration: Getting Credit Card Processing Data into QuickBooks

There are many processors who are able to offer integration or data export for QuickBooks, eliminating manual transaction entry. Types of QuickBooks Solutions Accounting Software QuickBooks Payments Point of Sale Software How do I get transaction data into my QuickBooks account? Point-of-Sale System Integration Gateway Plugin Export Data Should I just use QuickBooks Payments to…

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Intuit’s QuickBooks is a popular choice for business accounting, and if you accept credit cards, you’re probably wondering how you can automatically input your sales data into QuickBooks. Contrary to popular belief, taking credit cards with QuickBooks isn’t limited to one processing company.

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Credit Card Processing

Guide to Credit Card Processing

What to Expect First Things First Forget About It! It’s Easier Than You Think There Are No Dumb Questions First Things First Credit Card Processing Ecosystem Where’d Your Money Go? Processor Pricing Models, Where Things Get Interesting How to Compare Credit Card Processors Keeping Costs Low About CardFellow Resources What to Expect CardFellow’s Guide to…

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Here’s a comprehensive, unbiased, no-nonsense credit card processing guide that will help you make sense of the madness that goes on in the processing industry. This guide will show you actionable information on how credit card processing fees work and will allow you to turn the knowledge into dollars duesand cents.

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Credit Card Processing, Specialty Businesses

Credit Card Processing for Non Profit Organizations

The Basics Interchange Assessments Markup What’s different for non-profit organizations? What is a Merchant Category Code (MCC)? Why are MCC’s important for non-profits? Processing Costs for Non-Profits Pass-Through Pricing Flat-Rate Pricing How do I get a competitive processing solution? The Basics In order to choose a processor for accepting credit cards as a non-profit organization,…

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When it comes to credit card processing, non-profits may be eligible for lower rates than other types of businesses.

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