Credit Card Processing
PCI Non Compliance Fee: An Expensive Reminder
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Processors use PCI non-compliance fees as an expensive monthly reminder to prompt businesses to become PCI compliant.
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Security and PCI Compliance
PCI Compliance Fee: Legit or Rip Off?
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Is a PCI fee just another junk credit card processing fee, or is it a legitimate charge? Actually, it’s both.
Credit Card Processing
Debit Card Transaction Fees
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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.
Credit Card Processing
What is a POS WATS fee?
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A pos wats or pos wat fee is a communication fee that is charged each time a business’s credit card equipment dials the processor’s toll-free 800 number to get or give information.
Credit Card Processing
Credit Card Transaction Fees
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More often than not, credit card transaction fees contribute more to cost than credit card processing rates.
Credit Card Processing
Basis Points – The Basis for Fees
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The term basis point is thrown around a lot in the credit card processing industry, but many sales people fail to realize that most people aren’t quite sure exactly what a basis point is, or what it means in terms of credit card processing fees.
Credit Card Processing
What is a Retrieval Fee?
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A retrieval fee is charged when a customer or the customer’s issuing bank requests a copy of a sales draft in order to substantiate a transaction. This is called a retrieval request, and most credit card processors charge a nominal retrieval fee to process a request.
Credit Card Processing
Transaction Integrity Fee (TIF) Visa
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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.