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Credit Card Processing Basics: Pricing Models

Credit Card Processing Basics: Pricing Models

In this guide to pricing models, we’ll explain the pros and cons of different options. Fundamentals of Processing Fees Before we can get into pricing models, it’s important to start with a basic understanding of processing fees. Every credit card transaction is comprised of three parts: interchange, assessments, and markup. Interchange is the largest component […]

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Wodify Review

Wodify Review

Opening and managing a gym can be difficult, but Wodify gym management software aims to change all that. It’s a complete solution for managing every aspect of gym membership, programs, trainers, customers, equipment, and much more. We’ll explore how the software works, key features, and how it can help you as a gym owner or

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Avoiding Fraud: Takeaways from the Commerce Payment Systems Scandal

Avoiding Fraud: Takeaways from the Commerce Payment Systems Scandal

The executives, who worked for Commerce Payment Systems, are accused of perpetuating a scam against thousands of small businesses and obtaining more than $30 million through overcharging and deceptive tactics. In this article, I will lay out the allegations and show you how to avoid potential scam practices when choosing a credit card processor for

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Card Present vs. Card Not Present Transactions

Card Present vs. Card Not Present Transactions

However, the rise of alternative payment channels has muddied the waters a bit, leaving some businesses confused as to why their transactions are card-not-present (CNP) when they expected card-present (CP.) Types of Transactions Firstly, let’s define “card-present” and “card-not-present.” More than just the physical presence of the credit card, a transaction is considered “card-present” only

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