Category: Rates

  • Signature Debit vs. PIN Debit: Which is cheaper?

    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 […]

  • What is Level 1, Level 2, and Level 3 interchange?

    Interchange rates can be complicated. In an industry as competitive as merchant services, the company that can quote the lowest transaction rate usually has an advantage over its competitors. You’ve probably seen some of these “teaser” rates before—advertisements that promote “rates as low as 0.39% per swipe” or “fees starting at 1.09%”—but what you may […]