Credit Card Processing
What is a Monthly Minimum Fee?
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A merchant account monthly minimum fee really isn’t a fee by itself — it’s more like a benchmark.
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Credit Card Processing
Issuing Banks: Where does your money go?
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It’s not really as simple as that, though. In actuality, a variety of entities are working behind the scenes, and it’s the card-issuing bank that ends up taking the largest piece of the pie. The more you know about what affects your business, the better armed you are to improve your position in the market …
Credit Card Processing
How to Choose a Merchant Services Provider
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The method to go about choosing the right credit card processor is very similar whether you’re taking cards for the first time or switching processors from your existing solution. The only real difference is equipment considerations. This article will go over what you need to look for (and avoid!) in order to choose a merchant …
Credit Card Processing
What is Merchant Services?
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It seems to include a lot of different things, so what is “merchant services” or “merchant processing?” If you’re starting a business or looking to get better rates on credit card processing at your existing business, it’s a good idea to understand what’s involved in merchant services and how to choose the right provider. Let’s …
Credit Card Processing
How to Accept Credit Cards
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Whether you’re starting a business from scratch, taking over an existing company, or adding credit card processing to your established business for the first time, you’ll need to know how to accept credit cards securely and at a low cost. There are tons of articles out there on credit card processing fees (we’ve written a …
Credit Card Processing
Credit Card Processing Basics: Pricing Models
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In this guide to pricing models, we’ll explain the pros and cons of different options. Fundamentals of Processing Fees Before we can get into pricing models, it’s important to start with a basic understanding of processing fees. Every credit card transaction is comprised of three parts: interchange, assessments, and markup. Interchange is the largest component …
Credit Card Processing
Card Present vs. Card Not Present Transactions
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However, the rise of alternative payment channels has muddied the waters a bit, leaving some businesses confused as to why their transactions are card-not-present (CNP) when they expected card-present (CP.) Types of Transactions Firstly, let’s define “card-present” and “card-not-present.” More than just the physical presence of the credit card, a transaction is considered “card-present” only …
Credit Card Processing
Credit Card Processing Guide
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What to Expect CardFellow’s Guide to Credit Card Processing provides accurate, unbiased information about credit card processing followed by a blueprint showing how you can quickly obtain truly low costs for your business. First Things First This no-nonsense guide will put you on the fast track to low credit card processing fees by teaching you …