Search Results for: rates

Credit Card Processing

Merchant Category Code: Reporting & Rates

Ben Dwyer
by Ben Dwyer

We will discuss the finer points of MCCs below. What is a merchant category code? How are merchant category codes used? For HSA and FSA Card Acceptance For Consumers Why are merchant category codes important? Can I get set up with a different MCC to get lower rates? MasterCard Merchant Category Codes Merchant Category Code List […]

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Originally created in 2004 to streamline 1099 reporting, merchant category codes are now used for a number of different purposes. Of particular importance to businesses is a merchant category code’s impact on interchange fees charged by issuing banks.

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Press Releases

CardFellow Offers Free Lifetime Monitoring to Ensure Lowest Rates

Ben Dwyer
by Ben Dwyer

CardFellow’s free lifetime statement monitoring is just one of many benefits to using CardFellow.com. The credit card processing comparison website helps businesses lower their fees by an average of 40 percent and then monitors their statements to ensure rates remain as low as possible. CardFellow Lifetime Statement Monitoring CardFellow.com, a leading merchant account comparison Website, […]

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CardFellow.com offers a monitoring service to ensure businesses keep the low rates they obtain through the online credit card processing marketplace.

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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.

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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.

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What is the Credit Card Competition Act?

Ben Dwyer
by Ben Dwyer

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 […]

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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.

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Visa Interchange – Supermarket Credit

Ben Dwyer
by Ben Dwyer

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 […]

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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.

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Credit Card Processing

PayPal Zettle

Ben Dwyer
by Ben Dwyer

However, Zettle isn’t only for businesses that take cards in various locations. The readers can also be paired with an iPad and accessories to create a sleek, modern point of sale system in a fixed location. In this PayPal Zettle overview, we’ll go through the features, hardware options, and costs to help you determine if […]

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Replacing PayPal Here, PayPal Zettle is a mobile point-of-sale solution that allows you take credit card payments on-the-go.

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ecommerce

Authorize.Net vs. NMI: Comparing and Contrasting Payment Gateways

Ben Dwyer
by Ben Dwyer

They may have even suggested a specific gateway, such as Authorize.Net or NMI. Or perhaps you’re currently using one of those gateways but are considering a switch. In this article, we’ll compare and contrast Authorize.Net and NMI, two of the most popular gateways available, to help you make the right decision. Key Terms About Authorize.Net […]

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If you’ve decided to take online payments, you’ve likely come across articles about or talked to salespeople that reference payment gateways, including Authorize.Net or NMI.

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