Payments Archives - Page 3 of 10 - FeeFighters

Category Archives for "Payments"

Meet Samurai: The Most Powerful Way to Accept Payments Online

At FeeFighters, we’ve been helping business owners comparison shop credit card processors for years. One complaint kept resurfacing over and over for online merchants: what to do about the gateway? There were integration headaches, compatibility issues, and confusing pricing. Business owners would get locked into using an expensive credit card processor because their gateway was not […]

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Lowest Credit Card Processing Costs

Lots of business owners ask us “how much does it actually cost to process a transaction?”. Sometimes they are just curious, and sometimes they want to know for purposes of evaluating what is a good deal. While none of the big credit card processing companies will ever come out and tell the world their cost structure (since […]

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Small Ticket Rates

Visa and Mastercard both have special, lower interchange rates for small transaction sizes.  Visa and Mastercard tend to create new interchange categories when they want to attract a new kind of merchant that has not previously accepted cards.  Small ticket merchants (think convenience stores, parking meters, etc.) have historically been turned off by the per-transaction part of […]

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Easy PCI Compliance

PCI Compliance rules, designed to ensure that credit card numbers are not kept on merchants’ computers in a form that are easy to steal, is a good thing, nobody like having their credit card stolen and fraud hurts everyone.  However, it is expensive and complicated for everyone who accepts credit cards, in particular online merchants.  Most […]

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Credit Card Processing – the Fraud Fallacy

One way that credit card processors justify their markup over interchange (which is commonly more than 0.50% – 50 basis points) is that they require the markup to cover the cost of fraud and returns, which sounds reasonable. In reality, the merchant bears the first responsibility for fraud and returns and the only time the […]

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Largest Merchant Acquirers

This article originally appeared on informed-merchant.com, a blog started by one of our founders, Sean, before he started FeeFighters. Here is a list of the largest merchant acquirers in the U.S.  as estimated by the Nilson Report.  In this context the definition of Acquirer is a little bit strained, because it includes ISOs and processors […]

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Merchant Account Without Personal Guarantee

By default, merchant account providers require a personal guaranteefrom their customers.  The reason is that most small businesses would not be able to function without the continued involvement of the owner(s), so extending credit to a business without the owner as guarantor runs the risk that the owner could walk and stick the merchant account provider with liability. Merchant […]

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