The Cardless Paytech Blog
A resource guide to help businesses understand payments
Pin Debit vs Signature Debit
May 30, 2020
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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
May 30, 2020
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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
May 26, 2020
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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
May 26, 2020
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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
May 26, 2020
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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
May 26, 2020
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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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HOW TO AVOID PROCESSING FEES SCAM?
May 26, 2020
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Don’t get caught in one of these common credit card processing scams. Credit card processing is essential to modern small businesses. Working with a credit ...
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Free Terminal Gimmick
May 25, 2020
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Free vs Lease vs Purchased Terminal This is a very common question that’s brought up when people are shopping around for credit card processing. Let’s ...
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