Visa’s new Fixed Acquirer Network Fee increased credit card processing fees across the board.
Visa’s Fixed Acquirer Network Fee (FANF), previously called the Network Participation Fee (NPF), is a monthly fee that affects all businesses to a varying degree.
Before you can negotiate credit card processing fees, you have to know which fees are flexible. Credit card processing is like any other industry in that there are fixed costs and markups. Fixed costs are those that a processor can’t change, and markups are open to discussion. Understanding the components of credit card processing cost […]
Some credit card processing fees are negotiable, and some aren’t. If you’re looking to lower credit card processing fee, put the spreadsheet aside for a moment and read this article before you call another processor to ask the fateful question, “What’s your rate?”
There’s a lot of confusion about American Express merchant services. We regularly field questions about discount rates, pricing models, and settlement. In this article, we’ll explain everything you need to know about accepting American Express at a business. Just looking to see costs to take Amex cards? For the most up-to-date pricing, use our free […]
In the past, American Express was the most expensive credit card to accept; a reputation that it hasn’t shaken despite introducing a new pricing structure to bring costs more in line with other card brands.
A contract does not equate to a cancellation fee and having a contract term end is not really a good thing.
All merchant accounts have a contract and a term; some merchant account contracts have an early termination fee.
Getting a low interchange plus rate is important, but the rate is just a drop in the bucket.
Asking the question “what is a good interchange plus rate?” is like asking the question “how much does a car cost?” Neither question can be answered accurately without first knowing several supporting details.
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.
Mastercard charges an assessment fee called a “cross border fee” on all transactions acquired in the United States that involve a credit card issued outside of the United States. For example, if a cardholder uses their Canadian-issued Mastercard to make a purchase from a business in Michigan, the business will be assessed a cross border […]
Mastercard’s Cross Border Fee is one of many possible assessment fees. If you accept Mastercard at your business, you may see a cross border fee on processing statements.
“Less Discount Paid” Defined “Less discount paid” is the term that credit card processing services use to indicate the amount of money that a business has paid in fees throughout a given month. Howeer, in order to determine the total amount paid in processing fees that month, you have to add “less discount paid” to […]
The phrase “less discount paid” on a processing statement can be confusing. It actually means the amount that you’ve paid in processing fees already.
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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