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CPS Rewards 2 is the Visa interchange category that is used to calculate the interchange fee for card-not-present transactions and keyed card-present transactions involving a credit card or regulated debit card that produces rewards for the cardholder, such as cash back, or airline miles.
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CPS Retail is the Visa interchange category that is used to calculate the interchange fee for card-present transactions when a traditional consumer credit card (instead of rewards, business or government cards) is used and the customer’s signature is obtained.
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The CPS Card Not Present interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a traditional consumer credit card (instead of rewards, business or government cards) taken by mail or over the phone.
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All of these are important questions to ask. At a certain point, you may face a choice: Do I invest in a stand-alone system that works with other processors or an all-in-one platform that has credit card processing integrated within? We want to help make that choice as easy as possible, so we’ve compiled some …
5 Benefits of Credit Card Processing Integrated with Your POS System Read More »
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Authorize.net is a great gateway provider, but it’s not a credit card processor. It actually farms out its credit card processing to its parent company, CyberSource. It also charges higher fees for its gateway than some of its resellers. That means you can use Authorize, but get it (at lower prices!) through one of its …
Authorize.Net Credit Card Processing Fees – Get It Elsewhere Read More »
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The law (SB0316) requires that merchant service providers not owned by a bank calculate and list the effective rate for credit card processing on each monthly statement. What does this mean for Tennessee businesses and are businesses in other states affected? Information provided in this article is for reference only. If you need legal advice …
Tennessee’s Credit Card Processing Fee Disclosure Law Read More »
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The original Clover cash register is brushed aluminum with white accents, and a matching tablet display and receipt printer complete the basic POS hardware package. Many processors offer the Clover POS for $1,000 or less. While not cheap, the attractive design and convenient features have some businesses deciding that it’s worth the expense, while other …
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Martin, a small business owner in Massachusetts, was concerned about what the EMV chip card liability shift meant for his business. As he looked into it, he was met with lots of conflicting information, and was left thinking he needed to upgrade his processing equipment almost immediately or he’d face high costs or missed sales. …
[Case Study] The Grass Isn’t Greener: Business Owner Returns to CardFellow Read More »
