Blog – Credit Card Processing Service

The Cardless Paytech Blog

A resource guide to help businesses understand payments
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Pin Debit vs Signature Debit

When you swipe your debit card at the checkout, the point-of-sale (POS) terminal will usually ask you: “Debit or Credit?” I have no idea why ...
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Swiped vs. Keyed Transactions

What is Interchange? In simple terms, interchange is the cost of completing a given card transaction. Interchange fees cover the cost of maintaining card networks, ...
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ASSESSMENT FEE + INTERCHANGE FEE = WHOLESALE FEES

What is Wholesale Pricing? Wholesale also known as Interchange Fees is the rates set by the credit card companies themselves. Every card has a different ...
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Credit Card Processing Fees SCAM

How to Avoid Misleading Rate Quotes? How to Calculate Your Effective Rate (%)? Why merchant’s effective rate (%) keep changing each month? What’s my % ...
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INTERCHANGE PLUS VS TIERED VS FLAT- RATE VS SUBSCRIPTION PRICING

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 ...
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CREDIT CARD PROCESSING MARKUP FEES

What is Markup Pricing? The markup over interchange and assessments is the only area where you can negotiate credit card processing costs. Keep in mind ...
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