The short answer is that embedded payments refers to payment options that are integrated directly into apps or websites. Instead of requiring an external credit card machine or redirecting you to a payment processing page online, the payment capability is “embedded” in the app or website. In this article, I’ll go into more detail on how embedded...

I’ve reviewed hundreds of processor contracts over the years. While some are fairly straightforward, others contain “gotchas” that aren’t always easy to spot. Unfortunately, missing those can cause you a lot of frustration and money. In this article, I’ll help you avoid pitfalls by showing you what to avoid in your credit card processing agreeme...

In this article, we’ll clear up these credit card processing misconceptions to help you avoid common pitfalls and misleading sales spin. Misconception 1: Flat Rate Pricing is the Cheapest Flat rate pricing, where a processor offers you a fixed rate for transactions, looks simple. Instead of various interchange rates, you’ll just see one rate. Com...

However, it’s still possible to get a general idea of average costs for various industries and business types. At CardFellow, we work with processors that serve high risk businesses and have pulled together some rough numbers to give you an idea of whether you’re overpaying. Rates for High Risk Merchant Accounts Keeping in mind that the actual ra...

My guess is that you’re starting your search for a processor by heading to Google to read reviews on the “best” credit card processors, or to find the processors with the lowest “rates.” Or perhaps you’re trying to verify something you were told by one of the dozen merchant services salespeople that seem to call every hour of every day. Or you have...

In today’s increasingly cashless world, it might seem counterintuitive to install an ATM at your business. However, there are compelling reasons to consider it. Whether you've been thinking about adding an ATM or never gave it a second thought, here’s what you need to know about the pros, cons, and costs of ATM ownership or leasing. Pros of an On-...

There are a number of reasons that you might find yourself unable to take credit card payments at your business. Maybe you have an issue with the machine itself, your internet goes out, or the payment network itself goes down. (It’s happened!) For small businesses, even short amounts of downtime mean lost revenue and unhappy customers. You still ha...

But the fees you pay when your customer makes a purchase by card should factor into your overall pricing strategy. Otherwise, you’re bringing in less money from each sale. In this article, I’ll talk about possible strategies to help offset costs without alienating customers. Costs of Accepting Credit Cards You probably already know that every ...