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Kilobyte Access Fee (Visa and Mastercard)

Credit Card Processing

Kilobyte Access Fee (Visa and Mastercard)

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Assessment Fees Both Visa and Mastercard charge assessment fees as a way to make money from credit card transactions. Assessment fees are typically small (often fractions of a penny) but multiple assessment fees can apply to the same transaction. The Kilobyte Access Fee is a common Visa and Mastercard assessment that you will be charged […]

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Mastercard Account Status Inquiry Fee

Credit Card Processing

Mastercard Account Status Inquiry Fee

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Currently, Mastercard sets the Account Status Inquiry Fee at $0.025. Mastercard Processing Fees The fees that Mastercard charges for credit card processing are called assessment fees. They’re one part of the total cost to process a credit card, along with interchange and the processor’s fees. Assessments are non-negotiable, and ideally, will be passed to you

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Assessments: Discover International Processing Fee and International Service Fee

Credit Card Processing

Assessments: Discover International Processing Fee and International Service Fee

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If you take a Discover card that was issued outside the US, you’ll be subject to international processing fees. Discover Assessments Assessment fees are a non-negotiable component of credit card processing costs. Assessments are set by the card brands and are the same for everyone. Therefore, it is not possible to negotiate lower assessment costs.

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American Express International Assessment

Credit Card Processing

American Express International Assessment

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As of 2018, the International Assessment carries a rate of 0.40% of the total transaction volume. Let’s break that down further and take a look at when this fee is charged. OptBlue Pricing Model Firstly, the International Assessment applies on the Amex OptBlue pricing model for businesses. OptBlue is a pricing program that more closely

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American Express Card Not Present Surcharge

Credit Card Processing

American Express Card Not Present Surcharge

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Let’s break that down a little further. Defining Card Not Present The term “card not present” can be a little tricky. It covers any transaction where you don’t run the card through a credit card machine using the magnetic strip or EMV chip. This means that in addition to ecommerce transactions, any transaction where you

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Mastercard Digital Enablement Fee

Credit Card Processing

Mastercard Digital Enablement Fee

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Let’s take a look at when you’ll be charged, how much, and how to locate the fee. What is the Digital Enablement Fee? Mastercard’s Digital Enablement Fee is an assessment charge that Mastercard implemented in January 2015. The fee applies to all “card-not-present” transactions (typically ecommerce sales) including credit and signature debit cards, with the

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Free POS System – What’s the Catch?

Credit Card Processing

Free POS System – What’s the Catch?

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In some cases, it’s simply that there’s a limited feature “free” version, while in other cases, you’ll be required to use additional services such as signing up with a particular credit card processor. POS Software vs. System Firstly, it’s important to note that POS software and POS systems aren’t the same thing, even though they’re

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WordPress, Woocommerce, and Wix – What Should You Use?

Credit Card Processing

WordPress, Woocommerce, and Wix – What Should You Use?

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There’s also an abundance of online website building services that provide ecommerce options. Services like SquareSpace, Weebly, and Wix provide sophisticated templates, an easy-to-use interface, and integrations that make setting up an online store quick and easy. Finally, you have the ubiquitous WordPress. As the most popular website publishing and content management platform in the

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Venmo for Business

Business

Venmo for Business

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In this article, we’ll take a look at what Venmo is, current acceptance options, and the company’s plans for business acceptance to answer the question, “Can I take Venmo at my business?” What is Venmo? Venmo is perhaps the best-known app in the payments splitting space. Venmo was acquired by PayPal as part of Braintree.

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