101 credit card processing tips may seem like a lot, but the more you know the better equipped you will be to avoid pitfalls. The benefits of CardFellow also become more apparent as you learn how credit card processing *really* works.
The tip of tips: If you *think* you are paying too much for credit card processing — you are! Read on for additional credit card processing tips to help your business.
The International Service Assessment (ISA) fee only applies in situations where a US-based business accepts a Visa card issued by a non-US Bank. If you take card payments from foreign visitors in person or accept foreign transactions online, you may see the ISA fee as part of your processing costs. Visa’s Assessment Fees The International […]
In April 2008, Visa implemented an international service assessment (ISA) fee of 0.80% (eighty basis points). In April of 2019 Visa increased the base ISA fee to 1.00%. The fee applies along with other Visa fees for international transactions.
Knowing how to spot bait-and-switch pricing will save time and money.
Some credit card processors play the old bait-and-switch game of advertising rates that seem too good to be true.
Note: Pivotal Payments has changed its name and goes by Nuvei. It’s possible that the new company does not engage in the same practices noted in this article. We’re leaving it here for historical purposes, but will no longer be updating it. If it turns out that Nuvei utilizes the same practices, we will create […]
Pivotal Payments offers credit card processing services, but is it a good choice for your business? Let’s take a look at CardFellow’s experience.
How are businesses with small tickets an unexpected (or expected, depending on whom you ask) casualty of the Durbin Amendment? Let’s take a look. Interchange is Complicated What the Durbin Amendment Did Small Ticket Interchange Before Durbin Small Ticket Interchange After Durbin Proof in Numbers Durbin Reconsiderations Interchange is Complicated The fees that businesses pay […]
Data shows that most businesses save significantly on debit volume thanks to the Durbin Amendment. The only exception to this is businesses with small tickets, or those on tiered pricing. Small ticket businesses have seen costs increase because of Durbin, and those on tiered pricing allow their processors to pocket their Durbin savings.
In some cases, your business can charge customers a convenience fee for using a credit card. But there’s a maze of rules, exceptions, and even state laws to navigate to ensure you stay compliant with the terms of your merchant processing agreement. It’s also important to note that credit card convenience fees are different than […]
With the cost of credit cards eating into your business’s bottom line, you may be wondering: Can I charge a convenience fee on credit card purchases?
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 Network Access Brand Usage (NABU) Fee Locating the NABU Fee How to Lower Your Costs Mastercard Assessment Fees Assessment fees, such as the NABU fee, are charges incurred as […]
If you accept Mastercard at your business, chances are you’ve seen a Network Access Brand Usage (NABU) fee on your credit card processing statement.
So which is cheaper, PIN debit or signature debit? A rough rule of thumb is that PIN debit transactions are cheaper for businesses with larger average transactions. Signature debit is cheaper for businesses with smaller average transactions. There are expections, but this can be generally applied as a quick way to gauge the lower cost. […]
A debit card can be processed as either a signature or PIN-based transaction and your business will incur different charges depending on which method you use.
Use the secrets that credit card processors don't want you to know to drastically lower your credit card processing fees.
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