News from the Wire

CardFellow publishes guide to B2B transactions

Thursday, September 29, 2016 — 12:23:02 (EDT)

Middletown, Conn., Sept. 29, 2016 -- Noting that there are no comprehensive guides to saving money when accepting commercial credit cards, leading credit card processing resource CardFellow has published a detailed article on the subject. The guide, available to businesses at no cost, explains the intricacies of commercial credit card acceptance and lays out steps for how to save.

Ben Dwyer, CardFellow’s founder and president, explains, “People are told that it’s very expensive to accept a credit card issued to a business and that’s just not the case. We’re offering this guide to provide business owners with the facts that will show them how to process commercial cards for about the same cost as a consumer card.”

As businesses contend with rising credit card processing fees, finding ways to lower those fees without sacrificing service is paramount. Dwyer explains that in the case of B2B payments, the savings comes in at the interchange or wholesale level, by providing what’s called enhanced data at the time of a transaction. “Credit card processing isn’t cheap, but if a business can take a simple step like providing enhanced data and end up saving 1% or more, it’s a no-brainer.”

Dwyer says there’s no magic to lowering costs. Rather, “You need to know what you’re looking at and how to optimize it. In the case of enhanced data, processors aren’t incentivized to help you set it up, because it doesn’t benefit them if you save money. This guide shows you everything they don’t take the time to explain.”

The guide is broken into sections for easy scanning, and allows readers to skip over portions that aren’t relevant to them. To read or download a copy, click the link below.

B2B Transactions: Level 2 and Level 3 Credit Card Processing

CardFellow, LLC has been helping businesses find the most competitive credit card processing solutions since 2006. The company’s online marketplace offers instant quotes from pre-screened credit card processors as well as personalized support to help businesses select the best option. The company also offers an extensive product directory with one-click options to add equipment to quotes, and a review system for consumers to read or post about experiences with processors or equipment. Merchants remain anonymous so they can review quotes without the pressure of sales calls. Based in Connecticut, CardFellow provides services to businesses throughout the United States.

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.