Credit Card Processing

5 Reasons to Ask for OptBlue Pricing if You Take American Express

If you already take American Express cards or are considering accepting them at your business, you’ll want to make sure your processor charges you with OptBlue. Here’s why: It’s Cheaper Well, probably. The new OptBlue pricing is a cost plus model, so if you’re not on a tiered pricing model and if have a competitive…

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Like many businesses, you probably think of American Express as the expensive credit card to accept. That’s changing thanks to American Express’s new pricing, called OptBlue.

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Accounting and Finance, Credit Card Processing

Should You Get a Merchant Cash Advance?

Many processors now offer cash advances, and popular platform Square is making the process easier than ever by including information on their cash advance program, Square Capital, right in an eligible business’s processing dashboard. But are cash advances worth the costs? Primarily because of hefty fees, it may be worth it to look for funding…

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When you need money for your small business, it may be tempting to take a merchant cash advance, or an advance of money against your future credit card sales. Your credit card processing company (or other cash advance provider) will deposit money into your bank account, which you will then pay back through daily automatic deductions from your credit card sales.

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Credit Card Processing

Taking EMV Chip Cards with a Smartphone or Virtual Terminal

Fortunately, many credit card processing companies have options for you. Learn how you can start taking chip cards securely with your smartphone or computer. Can I just use my current reader to take EMV chip cards? Smartphone and Tablet Card Readers Virtual Terminal Card Readers What are the costs for EMV capable readers? Are there…

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By now, you’ve probably heard all about the EMV liability shift and the United States’ move toward EMV chip credit cards. There are countless articles for traditional retailers and restaurants explaining how to prepare and what equipment to look for. But what if you process credit cards with a virtual terminal or using your smartphone or tablet? Can you still use your USB or headphone jack card reader? Are there even EMV readers out there for mobile?

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Credit Card Processing, Scams and Fraud

How Your Credit Card Processor Scams You

Here’s why. The problem is that you’re asking the wrong questions. The key to lowering your processing charges is understanding the fundamentals of how credit card processing fees work and then focusing on what’s really negotiable, and it’s not rates. Defining “Best” The Basics of Credit Card Processing Costs The Importance of Pricing Model The…

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You’re paying a lot more than you should for credit card processing – and you probably know it. But the deceptive tactics used by processors leave you frustrated any time you try to do anything about it.

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Press Releases

CardFellow Welcomes Dharma Merchant Services

MIDDLETOWN, Conn. – CardFellow is pleased to announce the addition of Dharma Merchant Services to their credit card processing marketplace. Dharma’s inclusion as a certified quote provider means that businesses have even more options when choosing processing solutions that adhere to CardFellow’s strict requirements designed to benefit businesses. CardFellow founder and president Ben Dwyer says…

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CardFellow is pleased to welcome Dharma Merchant Services to its credit card processing marketplace.

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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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