Visa International Card-Not-Present Interchange
Visa has specific interchange for transactions that occur using an international card in a card-not-present environment. The term“Card-Not-Present” refers to credit card transactions where the card is either keyed in or the transaction is taking place online. These transactions tend to have higher interchange rates because they are more susceptible to fraud. However,there are ways […]
Interchange Downgrades
If you’re a business owner, you’ve probably heard of the term “interchange downgrade.” Downgrades are not easy to understand, but they can end up costing you hundreds of dollars in credit card fees per month. While they’re not totally avoidable, it is possible to learn to recognize some of them and save money. What Are […]
Cash Discount
Credit and debit card transactions have a processing fee associated with them that merchants must pay, this is referred to industry terms as credit card processing fees (for more information, click here). As a result, some businesses are reluctant to take credit and debit cards for small purchases. After all, these fees can add up quickly […]
Visa Interchange Rates
If you accept credit and debit cards, you most likely accept Visa. Being the most popular card worldwide, you would be remiss not to. Visa’s rates are available here to the public, but since they can be somewhat confusing we’ll go over them in this article. Visa has eight categories for interchange rates: Consumer Check […]
Pricing Explained
Pricing is how a processor determines how a merchant will pay the credit card processing fees. In order to accept credit and debit cards, the merchant must pay. Depending on what your business does, how much you process, and many other factors, one pricing category may work better for your business than another in terms […]
Mastercard Interchange For Restaurants
If you run a restaurant, you probably don’t have time to think too much about credit card processing rates. However, understanding them can only help your bottom line. Mastercard has specific categories of interchange for restaurants, depending on what type of consumer credit card is used. Core and Enhanced Value credit cards do not receive […]
MasterCard Merchant UCAF Interchange Rates
Mastercard has a special rate for card-not-present/e-commerce transactions. These are riskier transactions because of the risk of fraud, so they have a higher interchange rate. However, you can lower this rate by utilizing Mastercard’s SecureCode feature with the Universal Cardholder Authorization Field (UCAF). Mastercard SecureCode is called such because it requires the cardholder to enter […]
MasterCard Interchange Rates
MasterCard is the second-most used credit card worldwide, and as a merchant you probably accept it if you accept credit and debit card payments. As of October 19, 2019, MasterCard has updated their interchange rates as outlined below. US Region MasterCard Consumer Credit Rates MasterCard’s Consumer Credit Rates separates transactions into different “programs” and then […]
Level 3 Processing
Level 3 credit card processing is a payment integration system that works with business-to-business transactions. It saves merchants in cost because in a B2B transaction, card networks have more information about both parties, which lessens the threat of fraud. The additional information that the card networks have includes what was purchased, where the purchase was […]
American Express Interchange Rates
American Express is a closed network and so their interchange rates work differently than Visa or MasterCard. For a long time, AmEx was the most expensive credit card to process, although the price has come down in recent years. However, they still have not shed this misconception. This article will attempt to break down AmEx’s […]
