Payments Archives - Page 2 of 10 - FeeFighters

Category Archives for "Payments"

[Case Study] Coffeeshop Owner Says FeeFighters is “Amazing”

FeeFighters Saves Campus Coffee Shop $7,000 in Annual Credit Card Processing Fees Manndible Café Uses Free Online Comparison Shopping Site to Reduce Inflated Processing Fees, Slash Card Expenses by 40% and End Contract Nightmare that Sapped Profits and Owner’s Patience “How can I be paying more?” an outraged Pam Gueldner wondered. As co-owner of the Manndible […]

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Payment Gateways

This article originally appeared on informed-merchant.com, a blog started by one of our founders, Sean, before he started FeeFighters. If you want to process transactions over the internet, you will need a payment gateway.  I often find that people are confused about what the payment gateway does vs. what the merchant account provider does.  I […]

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Typical Interchange Rates for Ecommerce Merchants

We are frequently asked “how much is interchange”, in particular by online businesses. Interchange is the highly complicated system by which Visa and Mastercard charge the merchant money which is then passed along to the card issuer (i.e. Capital One or MBNA / Bank of America). It makes up the majority of the fees a […]

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[Weekly Kick] What is a Gateway?

This week, the FeeFighters Weekly Kick is about gateways. Sean, the CEO of FeeFighters, explains exactly what is a gateway and why you might need to have one. For more about gateways, click here.   What is a Gateway Video Transcript: To accept credit cards online, you need not only a credit card processing account, also […]

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What Happens When A Credit Card is Swiped?

It seems as simple as sliding a credit card through the terminal and signing a slip, but what actually happens behind the scenes is a pretty intricate process. Information flows through many different channels, so take a look at this infographic to get a behind the scenes look at what happens when a credit card […]

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What is Interchange, Again?

FeeFighters uses Interchange Plus pricing in our credit card processor marketplace. The biggest chunk of change that processors charge is Interchange, but what does that really mean? Two of the things that confuse merchants the most are: Why they are charged different amounts when different kinds of cards are used Who gets to keep the […]

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Chargeback Ratio

Your chargeback ratio is the number of chargebacks divided into the number of total credit card processing transactions.  If your chargeback ratio gets too high your merchant account could get restricted. For example there could be a reserve, or your account could get canceled. Different underwriters choose to calculate chargeback ratios in different ways. Some will look atHow old an account […]

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