Interchange Qualification and Downgrades: Why the Same Card Costs Different Amounts and What Triggers a Downgrade
The same card costs different amounts because every card payment is sorted into an interchange category, and the lowest-cost category has requirements your sale must meet. When a sale misses a requirement, it is “downgraded” into a higher-cost category,...
B2B Merchant Accounts: What Changes When Your Customers Are Businesses
A B2B merchant account is a merchant account used by a company that sells to other companies, and it behaves differently from one built for a shop. The tickets are bigger, the sales are invoiced rather than rung up, buyers often pay with corporate or purchasing cards...
How Retail and POS Businesses Can Use AI and Simple Controls to Reduce Payment Fraud and Chargebacks
Artificial intelligence can help a store or restaurant catch bad payments before they are approved, but it is one layer in a stack, not a replacement for the basics. NPS describes AI fraud prevention as software that studies transaction patterns, device details and...
What Is an ISV in Payments? How Software Companies Handle and Earn From Card Payments
An ISV, short for independent software vendor, is a company that makes and sells its own software, and in payments the word is used for any software company whose customers take payments through that software or ought to. If you run a scheduling app, a...
The Merchant’s Guide to What You Really Pay for Card Processing
What you really pay for card processing is more than the percentage on your quote. It is the equipment you choose, the fees stacked inside every transaction, the add-ons that raise your effective rate, the days you wait for your money, and the cost of the disputes you...
CEO - Nationwide Payment Systems
