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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 …
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, …
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 …
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 % …
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 …
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 …