Let’s look at the pros and cons of PIN on glass and what you need to know if you’re considering using for PIN debit card acceptance at your business. What is PIN on glass? Pros and Cons Saving Money with PIN Debit Who is PIN on glass good for? Alternatives to PIN on Glass What […]
There’s a solution for businesses that accept debit cards but don’t have a PIN pad for customers to enter PINs: PIN on glass. The technology allows for secure PIN entry without a PIN pad.
Let’s take a look at what you’ll need to do if you want to accept only one type of card. What is Visa Limited Acceptance? Mastercard Acceptance Factors to Consider Cost Savings Customers’ Payment Preferences Competitors’ Card Acceptance Surcharging Rules Accepting Debit Cards Only Accepting Credit Cards Only Possible Drawbacks For Debit Only For Credit […]
As a small business owner, you may wonder if you can accept only debit cards or only credit cards. The short answer is yes, but there are rules you’ll need to follow and considerations before making that decision.
PIN debit and signature debit transactions have different fee structures. You may pay more for one or the other, depending on the amount of the transaction and other factors. It’s important to know when a customer will be prompted for a PIN. EMV Debit vs. PIN Debit My new EMV terminal doesn’t require a PIN […]
With EMV chip cards, some customers aren’t prompted for PINs when entering their debit cards, with the machine instead defaulting to signature debit. Why does this matter, and what can you do about it?
Unnecessarily high debit card transaction fees are an easily correctable source of significant losses for many businesses. Understanding debit card transaction fees and the difference between signature debit and pin debit transactions will save your business thousands in processing fees. Feel free to jump down to the Signature Debit Vs Pin Debit Cost section if […]
Contrary to popular belief, PIN debit transactions incur more than just a flat fee, often making signature debit transactions cheaper to process. Understanding the ins and outs of debit card transaction fees will ensure you’re not losing hard-earned money pennies at a time.
Effective April 13, 2012, Visa began charging a Transaction Integrity Fee (TIF) of $0.10 on transactions involving Visa debit and prepaid cards that do not meet CPS requirements (more on this later). The Transaction Integrity Fee will not apply to Visa credit card transactions. Transaction Integrity Fee Details of the Transaction Integrity Fee Transaction Integrity […]
In 2012, Visa added a Transaction Integrity Fee to its list of charges for accepting a Visa credit card at a business.
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.
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.
Leading credit card processing comparison Website CardFellow.com is cautioning merchants that they may not benefit from reduced interchange fees proposed by the Durbin Amendment. The online marketplace is advising merchants to switch to a credit card processor that…
Leading credit card processing comparison Website CardFellow.com is cautioning merchants that they may not benefit from reduced interchange fees proposed by the Durbin Amendment. The online marketplace is advising merchants to switch to a credit card processor that offers interchange plus pricing.
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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