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In July of 2016, businesses may have noticed a new fee on statements: the CardPointe fee. Charged by CardConnect, the CardPointe fee is a monthly charge that may be added to existing processing fees. What is it, does it affect you, and what are your options? Let’s take a look. What is the CardPointe fee? …
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In 2019, Square did away with its 2.75% rate in favor of 2.6% + 10 cents per transaction. Additionally, the company is now offering equipment leases, a practice that we generally advise against here at CardFellow. Read on to see what these Square fees mean, and what the leasing is all about. Square’s Per-Transaction Fee …
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The Business Card Level II (US COMM L2) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a business credit card instead of a consumer credit card. This interchange category has several rates associated, depending on the ” spend tier” associated. Interchange rate & fee …
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How is it possible that American Express cards costs cost less than ever to accept, but businesses aren’t paying less? The answer is pretty simple: credit card processors are pocketing the difference. Amex Introduces “OptBlue” In early 2015, American Express decided to tackle two big problems: a reputation among businesses as the “expensive” credit card …
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The company, once part of eBay, originated as a ‘middle man’ between online sellers and buyers, offering protection. A buyer didn’t have to hand over their credit card information directly to a seller, and both buyer and seller would have a neutral third party to mediate any problems. Since its beginnings almost 20 years ago, …
PayPal Business Options – Accepting PayPal Through Your Site Read More »
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However, some credit card processors are now offering “zero fee” processing as a way to seemingly get around interchange fees and attract businesses to use their services. These processing options may have different names: zero fee processing, cash discounting, and free credit card processing. Obviously there’s a lot of fine print involved, and it’s important …
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Note: Fattmerchant has changed its name to Stax. We’re preserving this profile for historical record, but have created a new review of the Stax offering, available here: Stax credit card processing review. At the time of this update, Stax utilizes the same pricing model as Fattmerchant did, and some of the information contained below may …
Fattmerchant Credit Card Processing – Does it really compare? Read More »
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EIRF is a Visa interchange category that indicates a downgrade. Transactions qualify for EIRF when they don’t meet the criteria for categories with lower rates. For example, a transaction that is keyed-in to a terminal without address verification information instead of being swiped may fall into the EIRF category.
