Credit Card Processing

Free POS System – What’s the Catch?

In some cases, it’s simply that there’s a limited feature “free” version, while in other cases, you’ll be required to use additional services such as signing up with a particular credit card processor. POS Software vs. System Free POS Options Credit Card Processing with a POS System Proprietary POS Systems How do “free” POS companies…

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You know the saying: there’s no such thing as a free lunch. Yet some companies promote “free” POS software or systems, so what’s the catch?

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Credit Card Processing, ecommerce

WordPress, Woocommerce, and Wix – What Should You Use?

There’s also an abundance of online website building services that provide eCommerce options. Services like SquareSpace, Weebly, and Wix provide sophisticated templates, an easy-to-use interface, and integrations that make setting up an online store quick and easy. Finally, you have the ubiquitous WordPress. As the most popular website publishing and content management platform in the…

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When it comes to selling products online, eCommerce entrepreneurs have never had more choices —  from specialized eCommerce services like Shopify or Volusion through to bespoke eCommerce websites, there are plenty of options for online retailers.

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Business, Credit Card Processing

Venmo for Business

In this article, we’ll take a look at what Venmo is, current acceptance options, and the company’s plans for expanded business acceptance to answer the question, “Can I take Venmo at my business?” What is Venmo? Venmo and Business Business Limitations Venmo Through PayPal Issues with Venmo for Commercial Transactions Competitors: Symple What is Venmo?…

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With bill splitting apps like Venmo rising in popularity, especially among younger demographics, many businesses are wondering about accepting those payment methods directly. While Venmo does allow for business use, there are limitations – as well as some concerns – to be aware of.

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Credit Card Processing

High Risk Merchant Accounts

In this article, we’ll talk about industries that are considered high risk and how you can find the best high risk merchant account. What is a “high-risk” merchant account? Offshore Merchant Accounts High Risk Definition Other High Risk Designations Terminated Merchant File High-Risk MCCs Visa Mastercard American Express and Discover Costs for High Risk Merchant…

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In credit card processing, certain businesses are considered “high risk” and will need a processor that specifically supports those business types. But there’s some confusion about what exactly “high risk” means.

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Credit Card Processing

Saving Money with Interchange Optimization

For most businesses, the problem with ensuring optimal interchange is that it’s confusing, and your processor has no incentive to assist you. However, if you’re a CardFellow client, we include interchange optimization as part of your statement audits. Not a CardFellow client yet? Fill out a business profile to get started. Who Needs Interchange Optimization?…

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Interchange optimization goes beyond the basics of credit card processing. It’s about making sure that your interchange charges (the fees going to the banks that issue credit cards) are optimal for your business and that you’re avoiding downgrades.

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Credit Card Processing

Instant Payments – Changes are Coming

We expect money transfers between buyers and sellers to take days, not minutes. But is that reasonable in a world where so much of what we do is instant? When we can get customer support, social media updates, responses, or communications within moments of our requests, why do payments take so long? Fortunately, this could…

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The world of payments and processing does not evolve quickly. While we’ve seen recent technological improvements through EMV chip cards and NFC/contactless payment methods, other parts of the payment processing ecosystem are slower to change.

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Security and PCI Compliance

Clearent’s DataGuardian Security Suite

These days everything is digital. When was the last time you saw someone using a manual credit card imprinter? Whether you accept payments from chip credit cards or Apple Pay, the risks (and regulations) remain essentially the same. Hackers and thieves don’t care if you’re a one-man weekend operation or a major corporation. If you…

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Business is different than it was even a decade ago. Data breaches and other advanced cybersecurity threats make PCI compliance and payment security a necessity for even hobby businesses.

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Credit Card Processing, Legal

Wells Fargo Merchant Services Lawsuit

Let’s take a look at what the lawsuit claims and what you can do if you process credit cards through Wells Fargo Merchant Services. Wells Fargo Lawsuit Wells Fargo’s Response First Data’s Role Does this affect you? What to Look For Tiered Pricing Excessive Bundled Rates Billback Pricing Interchange Clearing Fee Excessive Interchange Markup Equipment…

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In the latest accusation against Wells Fargo, the company’s merchant services division is facing a lawsuit that alleges misleading sales tactics, expensive cancellation fees, and overbilling, including mislabeling some of its own fees as interchange.

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