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 […]
Changes To Interchange Rates
An interchange rate is the rate a card network charges to cover the risk of doing business. All credit transactions involve risk because no physical currency is being exchanged, and an interchange rate is calculated to mitigate that risk incurred from fraud and the threat of the card network not being paid back by the […]
Decoding Discover Interchange Rates
Discover is one of the most popular credit cards in the U.S. today, alongside tried-and-true favorites like Visa, MasterCard and American Express. It has gained popularity among younger consumers for its low introductory rates, no annual fees and rewards. Despite its wild popularity, many businesses have chosen not to accept Discover cards because of Discover’s […]
Card Brand Fees
Ever wondered about those mysterious NABU fees on your statement? When you pick up your merchant services or credit card processing statement, you have probably seen pesky fees appear under a variety of labels. In most cases, these cryptic fees are labelled NABU (Network Access and Brand Usage Fees). NABU fees are also known as […]
