PCI Non Compliance Fee: An Expensive Reminder
Processors use PCI non-compliance fees as an expensive monthly reminder to prompt businesses to become PCI compliant.
PCI Compliance Fee: Legit or Rip Off?
Is a PCI fee just another junk credit card processing fee, or is it a legitimate charge? Actually, it’s both.
Debit Card Transaction Fees
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.
What is a POS WATS fee?
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 Transaction Fees
More often than not, credit card transaction fees contribute more to cost than credit card processing rates.
Basis Points – The Basis for Fees
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.
What is a Retrieval Fee?
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.
Transaction Integrity Fee (TIF) Visa
In 2012, Visa added a Transaction Integrity Fee to its list of charges for accepting a Visa credit card at a business.