ISO vs. ISV in Payment Processing: Key Differences Explained ISOs and ISVs both play crucial roles in the payment processing industry. They both work directly with businesses to provide a range of solutions and often a more personalized touch compared to direct...
Mastercard Interchange Rates (2024) Mastercard is one of the four major credit card networks. Each Mastercard transaction processed by a merchant is assessed with specific interchange fees. The rate is based on a wide range of factors. The exact interchange rate...
Visa Interchange Rates (2024) Visa is one of the most commonly accepted credit cards in the globe. Cardholders view Visa as a safe and reliable payment method. Like every major card network, Visa imposes an interchange fee for each transaction paid with a Visa...
Square vs Merchant Account: Key Differences Explained Businesses have several different options to consider when evaluating ways to accept credit card payments. Square is one of those options that I’m sure you’ve heard of (since you landed here), and it has...
Tennessee Credit Card Surcharge Laws Wondering if you can legally impose a surcharge fee on credit card transactions in Tennessee? You’ve come to the right place. Whether you’re a merchant who wants to pass fees to your customers or you’re a consumer in Tennessee...
Everything You Need to Know About Credit Card Surcharge Laws in Florida Florida’s credit card surcharge laws are a bit confusing for merchants and consumers alike. If you run a quick search for this info on the web, you’ll see quite a bit of conflicting...
Ohio Credit Card Surcharge Laws Businesses and residents alike should both be aware of the credit card surcharge laws in Ohio. Merchants must know these laws to ensure compliance and avoid legal penalties, while consumers should stay educated so they don’t get...
What is a Convenience Fee and Should You Charge One To Customers? The costs associated with accepting credit card transactions are constantly on the rise. Between the card networks raising interchange rates and processors using every trick in the book to increase...
What is the Wholesale Credit Card Processing Rate? Some payment processors use the term “wholesale rate” when pricing their services. Your sales rep might refer to the wholesale rate during your negotiations, and some of you might even be getting charged the...
Why Isn’t American Express Accepted at More Places? According to the Amex website, American Express is accepted by 99% of places in the US that accept credit cards. This might seem hard to believe — considering the fact that you’ve probably walked into at least one...
