Credit Card Processing
Mobile Showdown: PayPal Here Vs. Square 2019
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The battle for the micro mobile market heats up as PayPal Here enters the ring in direct competition with Square.
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Credit Card Processing
Intuit Credit Card Processing = Very Expensive!
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Intuit uses opaque tiered pricing and excessive downgrades to inflate credit card processing fees.
Credit Card Processing
PayPal Here Credit Card Processing
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NOTE: As of April 2023, PayPal Here is no longer available by that name; it will be converted to PayPal Zettle. We’re leaving this article for historical accuracy. With the Here mobile option PayPal takes direct aim at Square — the market leader in the smartphone credit card processing space. Square has a few things …
Credit Card Processing
Transaction Integrity Fee (TIF) Visa
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Effective April 13, 2012, Visa began charging a Transaction Integrity Fee (TIF) of $0.10 on transactions involving Visa debit and prepaid cards that do not meet CPS requirements (more on this later). The Transaction Integrity Fee will not apply to Visa credit card transactions. Transaction Integrity Fee The TIF will not affect a large number …
Credit Card Processing
Fixed Acquirer Network Fee (FANF) Visa
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Visa’s new Fixed Acquirer Network Fee increased credit card processing fees across the board.
Interchange Fees
Mastercard Merit III Credit Card Processing Fees
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Merit 3 is Mastercard’s way of referring to a card-present transaction for most restaurants and retailers. It can actually apply to several different interchange categories based on card type and other details. It does not apply to card-not-present transactions, which will typically qualify for Merit I interchange rates. This article explains specific Mastercard interchange categories. …
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Credit Card Processing
1.54% “Flat Wholesale Rate”
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At CardFellow, we received this message from a curious business owner. I have a question about a specific company – [removed to protect the guilty]. They are saying the rate they can provide is 1.54% on qualified and mid-qualified cards (“flat wholesale rate”). The only other rate is “up to 4.61%” on non-qualified cards. Then …
Credit Card Processing
Are Credit Card Processing Fees Negotiable?
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Before you can negotiate credit card processing fees, you have to know which fees are flexible. Credit card processing is like any other industry in that there are fixed costs and markups. Fixed costs are those that a processor can’t change, and markups are open to discussion. Understanding the components of credit card processing cost …