Category: Credit Card Processing


Credit Card Processing

Credit Card Processing: How it Works

Ben Dwyer
by Ben Dwyer

Knowing the lay of the land will help you better identify how to get the best processing solution. Once you’re done reading this article, check out our more detailed breakdown of where credit card processing fees come from. For now, let’s dive in to how credit card processing works. Key Players Cardholder Merchant (Business) Acquiring […]

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It isn’t necessary to have intimate knowledge of the inner-workings of the bankcard system in order to find the best credit card processor. But, it’s a good idea to have a general understanding of how credit card processing works because fees are incurred at various stages of the system.

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Credit Card Processing

Issuing Banks: Where does your money go?

Ben Dwyer
by Ben Dwyer

It’s not really as simple as that, though. In actuality, a variety of entities are working behind the scenes, and it’s the card-issuing bank that ends up taking the largest piece of the pie. The more you know about what affects your business, the better armed you are to improve your position in the market […]

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If your business charges credit cards, you pay fees. This seems straightforward enough on its surface — you might assume it’s as uncomplicated as Visa or MasterCard taking a cut of your sales.

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Credit Card Processing

Tiered Pricing VS. Interchange Plus

Ben Dwyer
by Ben Dwyer

Understanding how credit card processing fees are determined and how different merchant account pricing models work can save your business hundreds of dollars a month in transaction costs. One of the first questions you’ll ask is “Which should I go with, tiered pricing or interchange plus?” Tiered pricing is never in your best interest, but don’t […]

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Tiered pricing or interchange plus? How do you know what’s best for your business?

pricing models

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Credit Card Processing

Credit Card Processing Fees & Rates

Ben Dwyer
by Ben Dwyer

First of all, what does “credit card processing fees” actually mean? There are several different rates and fees that make up your total processing cost. In this article I’ll explain the different aspects that contribute to the fees to give you a solid understanding of who’s charging what and which areas of cost you can […]

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Credit card processing fees seem complicated. But take away the sales jargon and it makes more sense.

Credit Card Processing Fees

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Credit Card Processing

Interchange Plus Pricing

Ben Dwyer
by Ben Dwyer

This often leads to lower costs when compared with other forms of pricing such as tiered or bundled. But what IS interchange plus pricing, exactly? And is it the best pricing model? In this article, we’ll explain interchange plus in detail and take a look at the benefits. What is interchange plus pricing? Interchange plus […]

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Interchange plus pricing is a credit card processing pricing structure that separates the components of processing, costs allowing for transparent reporting and interchange optimization.

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Credit Card Processing, Interchange Fees

Interchange Rates and Fees

Ben Dwyer
by Ben Dwyer

Often shortened from “interchange reimbursement fees,” interchange refers to a set of categories that are used to determine the rates for individual card transactions. Every category has requirements for eligibility and a rate associated. Those rates change at the card brands’ discretion, typically twice a year. Interchange can be a complex topic. For the purposes […]

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Accepting credit cards at a business comes with costs. The largest portion of the costs is known as interchange.

Interchange Fees

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Credit Card Processing

Effective Rate for Credit Card Processing Fees

Ben Dwyer
by Ben Dwyer

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 Examples Example A Example B Basics […]

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For businesses that already accept credit cards and have actual processing data, the effective rate can be interpreted as an exact measure of the competitiveness of your current processing solution.

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Credit Card Processing

Credit Card Processing Consultants

Ben Dwyer
by Ben Dwyer

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 […]

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Credit card processing consultants offer to negotiate with your credit card processor to lower your costs. But is it the best way to save your business money?

credit card processing consultant

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