Early Termination Fees: Canceling Your Merchant Processing Agreement

In this article, attorney Nate Baber from Aeton Law Partners, LLP explains exactly what to look for in your merchant contract and what to know before you cancel. Pull out your contract and take a look for these important pieces. The biggest concern most small businesses have with Merchant Processing Contracts (MPCs) is how to …

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How to Use Verified by Visa 3D Secure Fraud Prevention

In this article, we’ll talk about what it is, how it benefits you and your customers, potential drawbacks, and how to use 3D Secure to ensure maximum security for online transactions. What is Verified by Visa? Verified by Visa (or VbV) is an advanced anti-fraud tool Visa offers to businesses. Similar to Mastercard SecureCode, it requires an …

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Visa CPS (Custom Payment Service) & Your Processing Fees

In order to understand CPS, you need to understand the fundamentals of interchange and interchange qualification. I’ll briefly cover them in this article. If you’re interested in learning more, which I encourage, check out related articles on the topics of interchange and processor pricing models on CardFellow’s blog. Note: As of summer 2023, Visa has …

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3 Ways to Tell if You’re Paying Too Much for Credit Card Processing

1. You have Non-Qualified Rates Check your statements. Do you see the word “non-qualified” or any variation? (NQUAL, nonqual, etc.) If so, you’re paying too much for credit card processing. Huge red flag. 1a. Did you search for a processor based on “rates” and then sign up with the lowest, with a rate of 1.5% …

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Credit Card Processor Scams

Disreputable processors range from deceptive to outright scam, and it’s important to know what you’re getting into when you’re choosing a credit card processing company. Take a look at what this business owner was told about hidden fees, cancellation fees, equipment, and more to learn what to watch out for so you can avoid making …

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Top 3 Hidden Fees of Credit Card Processing

Use this article to determine if you’re overpaying and get tips on finding a credit card processing company that won’t gouge you with these hidden fees. 1. “Non-qualified” Transaction Downgrades If you look at your credit card processing statement, do you see “non-qualified,” “non-qual,”or “nqual” listed anywhere? That’s your first red flag that you’re falling …

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