Credit Card Processing
Fixed Acquirer Network Fee (FANF) Visa
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Visa’s new Fixed Acquirer Network Fee increased credit card processing fees across the board.
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Credit Card Processing
Are Credit Card Processing Fees Negotiable?
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Before you can negotiate credit card processing fees, you have to know which fees are flexible. Credit card processing is like any other industry in that there are fixed costs and markups. Fixed costs are those that a processor can’t change, and markups are open to discussion. Understanding the components of credit card processing cost …
Credit Card Processing
Understanding American Express Merchant Services
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There’s a lot of confusion about American Express merchant services. We regularly field questions about discount rates, pricing models, and settlement. In this article, we’ll explain everything you need to know about accepting American Express at a business. Just looking to see costs to take Amex cards? For the most up-to-date pricing, use our free …
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Credit Card Processing
Contract = Good, Termination Fee = Bad
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A contract does not equate to a cancellation fee and having a contract term end is not really a good thing.
Credit Card Processing
What is a Good Interchange Plus Rate?
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Getting a low interchange plus rate is important, but the rate is just a drop in the bucket.
Credit Card Processing
NABU Fee – Network Access Brand Usage
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Mastercard charges the NABU fee on all authorized or refunded credit and signature debit Mastercard transactions. The fee is currently set at $0.0195. Mastercard Assessment Fees Assessment fees, such as the NABU fee, are charges incurred as part of processing a credit card. Revenue generated from the NABU fee goes directly to MasterCard, meaning neither …
Credit Card Processing
Mastercard Cross Border Fee
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Mastercard charges an assessment fee called a “cross border fee” on all transactions acquired in the United States that involve a credit card issued outside of the United States. For example, if a cardholder uses their Canadian-issued Mastercard to make a purchase from a business in Michigan, the business will be assessed a cross border …
Credit Card Processing
Less Discount Paid Means Less Money for You
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“Less Discount Paid” Defined “Less discount paid” is the term that credit card processing services use to indicate the amount of money that a business has paid in fees throughout a given month. Howeer, in order to determine the total amount paid in processing fees that month, you have to add “less discount paid” to …