For businesses searching for a new merchant account without actual processing data, the effective rate should be interpreted as a general indicator of cost-effectiveness — not as a precise measurement. However, it is still extremely important in determining the best processing solution. Basics of Effective Rate and Processing Fees Varying int...

It may be tempting to hire a credit card processing consultant in order to lower your processing fees. But consultants are often expensive and cut into your savings. Add to that the fact that you can get the benefits of a consultant through CardFellow for free, and a credit card processing consultant won't seem like such a great option. Types ...