Cardfellow

FEBRUARY 26, 2025

Mastercard states that 2 out of every 3 transactions processed on its network are now contactless, up from less than 1 out of 3 in 2020. Costs to Accept Tap on Phone Tap on phone is considered a card-present transaction and your processor will charge card-present rates. Do all credit card processors offer tap on phone?

Contactless Payments

Cardfellow

JULY 28, 2025

This complicated matrix of charges based on those factors is called interchange and I’ve written about it extensively in the CardFellow blog. With some credit card processors, you pay the “true” cost of interchange, plus a markup that your processor charges. Assessment fees go to the card brands themselves (Visa, Mastercard).

Process

Cardfellow

MARCH 30, 2025

In this article, were going to focus on Visa and Mastercard interchange categories and their effect on your processing fees. But if you just want a quick overview, here it is: Interchange is one of the three core components of credit card processing costs. Along with assessments and processors markup.)

Visa

Stax

JANUARY 10, 2024

The exact rate can vary based on several factors, including the type of card used (debit or credit), the card brand (Visa, MasterCard, etc.), Viewing these costs individually makes it easier to understand what is contributing to your credit card processing costs and where you may be able to save money.

Credit Cards

Stax

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. It offsets the card processing costs, transferring the financial obligation to the latter.

Credit Cards

Stax

NOVEMBER 15, 2023

They significantly impact the cost of accepting card payments. Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards. Can you decrease interchange fees?

Credit Cards

Stax

APRIL 2, 2024

That means if a customer wants to make a credit card purchase, they’ll be charged an additional fee to cover the payment processing costs. Although surcharging has been widely debated, it’s starting to become something of a mainstay, especially with rising processing fees. Train your staff to effectively communicate.

Credit Cards

Payment Savvy

DECEMBER 14, 2021

In this blog post, we’ll cover why it’s essential for your business and what steps you can take to get started. This can be especially beneficial for any business, including high-risk merchants , looking at ways to speed up their payment processing. Cost Savings. We’re here to help!

Digital Payments

Exact Payments

JULY 12, 2024

Interchange fees Interchange fees are the per-transaction costs charged by the credit card brands (such as Visa and Mastercard). In terms of the pricing structure for your clients, using the interchange plus model, your clients will pay the actual cost of the transaction plus any markup you add.

Assessments

Fintech Labs Insights

JULY 29, 2016

Capture your business spend: no Pokeball needed – TradeShift blog. Mastercard Accentuates the Digital. Mastercard ( F14 ) enhanced Masterpass , allowing consumers to make in-store payments at 5 million brick & mortar stores. billion , giving Mastercard a potentially larger role in the overall U.K.

PayPal

Cardfellow

MAY 14, 2025

As quoted in Forbes, Allen stated, Theres no reason banks and large companies like Visa and Mastercard should profit from the required collection of sales tax and tips. Allen is arguing that Visa, Mastercard, and acquiring banks dont provide any service related to the tax or tips and thus should not profit from those line items.

Credit Cards

Cardfellow

FEBRUARY 15, 2025

Surcharging, defined as adding a fee to purchases made with a credit card, was prohibited by the card brands (Visa and Mastercard) until a class action lawsuit in 2013. The idea is that a business can defray the costs of accepting credit cards by charging the consumers that choose to pay with a credit card. First, a quick refresher.

Credit Cards