What is the Act, and is it true rewards are in danger? Let’s take a look in this article. Overview of the Credit Card Competition Act Supporters Opponents The Reality of the CCCA How to Avoid Overpaying for Processing Overview of the Credit Card Competition Act The Credit Card Competition Act (CCCA) is a bill […]
You may have seen commercials on TV or heard people saying that a bill in Congress – the Credit Card Competition Act – will kill rewards credit cards.
Note that this does not apply to debit and prepaid cards used at a supermarket. Those card types have their own interchange (CPS Supermarket), which we cover in this article: Visa CPS Supermarket. Let’s take a look at the eligibility requirements for the categories and what you can expect to pay if you’re running a […]
Visa’s Supermarket Credit interchange is charged differently depending on two different factors: the type of credit card used and the “tier” of the supermarket.
The software is designed to scale from small one-person booth rental businesses to multi-location salons. It works with both Apple and Android systems. Let’s take a look at the Vagaro features, equipment, costs, and reviews in more detail. Vagaro Features Since it’s geared toward appointment and class-based businesses, Vagaro has features to help with booking […]
Vagaro software for scheduling, business management, and payment acceptance is specifically designed for health and fitness businesses, salons, and spas.
With so much cash changing hands this holiday season, one can easily assume this means more profits for the average business owner. However, for some businesses, this will not be the case. Holiday deals, increased staff, and a host of other factors all contribute to a hefty sum – a sum that a lot of […]
The holidays bring increased sales, but also increased expenses.
Part of this is ensuring you meet the requirements of the various credit card issuers like Visa, AMEX, and Mastercard. In this article we’ll be exploring credit cards issued by Mastercard and governed by the Mastercard Site Data Protection (SDP) Program. What is the Mastercard SDP? Find Out What “Level” You Are Level 1 Merchants […]
It’s vital you have the information you need to stay compliant when you’re processing credit card payments.
Purchasing Card Level II (US COMM L2 P) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a purchasing card instead of a consumer credit card.
Commercial Level II is a Visa interchange category used to calculate the interchange fee for card-not-present transactions involving a payment made with a purchasing card.
However, some credit card processors are now offering “zero fee” processing as a way to seemingly get around interchange fees and attract businesses to use their services. These processing options may have different names: zero fee processing, cash discounting, and free credit card processing. Obviously there’s a lot of fine print involved, and it’s important […]
You’re probably already aware that you pay an interchange fee anytime a customer pays with a credit card. Interchange fees are generally the most expensive component of credit card processing costs, and they’re non-negotiable.
Note: Fattmerchant has changed its name to Stax. We’re preserving this profile for historical record, but have created a new review of the Stax offering, available here: Stax credit card processing review. At the time of this update, Stax utilizes the same pricing model as Fattmerchant did, and some of the information contained below may […]
Anyone who comes across Fattmerchant probably perks up at the promise of no markup for credit card processing. The ability to take credit cards and not have to pay a markup to the processor? Sounds great! But before you rush to sign up, let’s take a look at what it really means and how to accurately compare your options.
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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