Snapcash Reviews

Overview Snapcash is a mobile money transfer service included in the popular messaging app Snapchat. Developed through a partnership with mobile payment processor Square, the service enables Snapchat users to send money to each other for free using a linked Visa or MasterCard debit card. After a debit card has been linked to a user’s […]

American Express finally offers interchange-plus pricing through its OptBlue program

American Express has a well-deserved reputation among merchants as the more expensive alternative to Visa and MasterCard. This is because the company sets its own rates for credit card processing and has historically not allowed merchant account providers to alter or customize these rates in any way. As a result, American Express has long been perceived […]

What the upcoming EMV liability shift means for your business

Will you be ready next October? October 2015 is the deadline imposed by Visa and MasterCard for all U.S. merchants to be capable of accepting EMV cards, also known as “chip-and-PIN” cards. These cards, which have already been in use in Europe for over a decade, store the cardholder’s information in a computer chip rather than […]

Square to offer mobile chip card reader for $29

Mobile payments giant Square announced today that it will offer two mobile chip card (EMV) readers to U.S. merchants in the spring of 2015. The headphone jack reader (compatible with iPhone and Android) will retail for $29, while a separate EMV reader that connects to a merchant’s Square Stand will cost $39 per unit. This […]

Signature Debit vs. PIN Debit: Which is cheaper?

Debit cards aren’t going anywhere. Mobile payments, virtual currencies, and real-time transactions may be at the cutting edge of payment technology, but they still can’t hold a candle to the popularity of the classic debit card. According to a 2013 Federal Reserve report, debit cards accounted for 38% of all non-cash transactions in 2012 (compared to […]