Blog – Credit Card Processing Service

The Cardless Paytech Blog

A resource guide to help businesses understand payments
  • All
  • CREDIT CARD PROCESSING
  • ECHECK

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 …

Read More →

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, …

Read More →

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 …

Read More →

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 % …

Read More →

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 …

Read More →

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 …

Read More →