Tag: debit


Credit Card Processing

What is PIN on Glass for Debit Card Processing?

Ben Dwyer
by Ben Dwyer

Let’s look at the pros and cons of PIN on glass and what you need to know if you’re considering using for PIN debit card acceptance at your business. What is PIN on glass? Pros and Cons Saving Money with PIN Debit Who is PIN on glass good for? Alternatives to PIN on Glass What…

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Businesses that accept debit cards but don’t have a PIN pad for customers to enter PINs may soon have a way around it: PIN on glass. The technology would allow for secure PIN entry on consumer mobile devices, such as smartphones and tablets.

PIN on Glass

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Credit Card Processing

Mastercard and Visa Limited Acceptance Programs

Ben Dwyer
by Ben Dwyer

Let’s take a look at what you’ll need to do. What is Visa Limited Acceptance? Mastercard Acceptance Factors to Consider Cost Savings Customers’ Payment Preferences Competitors’ Card Acceptance Surcharging Rules Accepting Debit Cards Only Accepting Credit Cards Only Possible Drawbacks For Debit Only For Credit Only Visa’s Rules Mastercard’s Rules Finding a Credit Card Processor…

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As a small business owner, you may wonder if you can accept only debit cards or only credit cards. The short answer is yes, but there are rules you’ll need to follow and considerations before making that decision.

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Credit Card Processing

EMV PIN Debit – Common Questions and Problems

Ben Dwyer
by Ben Dwyer

EMV Debit vs. PIN Debit My new EMV terminal doesn’t require a PIN for debit – what’s the issue? Terminal Not Set Up with Common AID The Customer Did Not Choose the Common AID What is US Debit vs Visa Debit? The Card is Not PIN-Preferring The Terminal Does Not Have Proper Injection PIN Debit…

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As the United States’ transition to chip cards crawls along, businesses are finding that debit card transactions aren’t going as expected. Some customers aren’t prompted for PINs when entering their debit cards, with the machine instead defaulting to signature debit. Why does this matter, and what can you do about it?

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Credit Card Processing

Debit Card Transaction Fees

Ben Dwyer
by Ben Dwyer

Unnecessarily high debit card transaction fees are an easily correctable source of significant losses for many businesses. Understanding debit card transaction fees and the difference between signature debit and pin debit transactions will save your business thousands in processing fees. Feel free to jump down to the Signature Debit Vs Pin Debit Cost section if…

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Contrary to popular belief, PIN debit transactions incur more than just a flat fee, often making signature debit transactions cheaper to process. Understanding the ins and outs of debit card transaction fees will ensure you’re not losing hard-earned money pennies at a time.

Using a pin pad for debit purchase

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Credit Card Processing

Transaction Integrity Fee (TIF) Visa

Ben Dwyer
by Ben Dwyer

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 Details of the Transaction Integrity Fee Transaction Integrity…

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In 2012, Visa added a Transaction Integrity Fee to its list of charges for accepting a Visa credit card at a business.

Visa Transaction Integrity Fee

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Credit Card Processing

Small Tickets – The Durbin Downside

Ben Dwyer
by Ben Dwyer

How are businesses with small tickets an unexpected (or expected, depending on whom you ask) casualty of the Durbin Amendment? Let’s take a look. Interchange is Complicated What the Durbin Amendment Did Small Ticket Interchange Before Durbin Small Ticket Interchange After Durbin Proof in Numbers Durbin Reconsiderations Interchange is Complicated The fees that businesses pay…

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Now that we’ve had a chance to see actual post-Durbin processing volume, data shows that most businesses save significantly on debit volume thanks to the Durbin Amendment. The only exception to this is businesses with small tickets, or those on tiered pricing. Small ticket merchants have seen costs increase because of Durbin, and merchants on tiered pricing allow their processors to pocket their Durbin savings.

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Credit Card Processing

PIN Debit vs. Signature Debit

Ben Dwyer
by Ben Dwyer

So which is cheaper, PIN debit or signature debit? A rough rule of thumb is that PIN debit transactions are cheaper for businesses with larger average transactions. Signature debit is cheaper for businesses with smaller average transactions. Signature Debit / Offline Debit PIN Debit / Online Debit Which method is cheaper? Durbin Amendment Cap Chargebacks…

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A debit card can be processed as either a signature or PIN-based transaction and your business will incur different charges depending on which method you use.

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Press Releases

Many Processors will Profit from Durbin Fee Reductions

Ben Dwyer
by Ben Dwyer

Leading credit card processing comparison Website CardFellow.com is cautioning merchants that they may not benefit from reduced interchange fees proposed by the Durbin Amendment. The online marketplace is advising merchants to switch to a credit card processor that…

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Leading credit card processing comparison Website CardFellow.com is cautioning merchants that they may not benefit from reduced interchange fees proposed by the Durbin Amendment. The online marketplace is advising merchants to switch to a credit card processor that offers interchange plus pricing.

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