Archive for March 2018
How to Accept ACH Payments From Customers
When your customers are paying for your products or services, they have multiple payment avenues. They can pay in cash, check, credit card, or debit card. Lately, regular customers are opting to pay through ACH (Automatic Clearing House). This means the cash moves from their bank to yours via electronic transfer. It’s a cheaper method,…Read More
What is the Difference Between EMV Cards and Magnetic Strip Cards?
What is the Difference Between EMV Cards and Magnetic Strip Cards? The magnetic strip credit card has been the standard for decades, but now, a new credit card standard is taking over markets around the globe. This standard is the EMV-chip card, which has the main benefit of offering increased security during transactions. In this…Read More
PCI Compliance also Includes Hardware
All your credit card processing equipment, hardware and software, must meet 12 requirements outlined in the Payment Card Industry Data Security Standards Council (PCI DSS) as well as the Payment Best Application Practices (PABP). Noncompliance puts you at risk of a data security breach, in which customers’ credit card information or other sensitive information can…Read More
Do I Need a Merchant Account to Accept Credit Cards?
Let’s understand a merchant account first. Briefly, a merchant account is a facility provided by a bank for a merchant, you, to route money from credit card sales to your bank account. A sale is made, paid for by credit card, and the funds reserved for you. In-between the transaction follows many steps between your…Read More
Best Credit Card Machine for a Small Roadside Business
When you run a roadside business, your main focus must be on your stock, your customers and your service. It is important to choose a merchant credit card processing service provider that understands the specific needs of your type of business and is willing to discuss options with you. Base your choice on a credit…Read More
The Difference Between a POS System and a Credit Card Machine
In modern trade, there are three main ways to receive money: paper, plastic, and digital. Technically, US currency isn’t paper at all, because it’s made from cotton, but generally, physical currency (notes and coins) are referred to as ‘paper money’. Plastic refers to credit cards and debit cards, while digital currency is passed through virtual…Read More
The Right Merchant Account Provider for Small Business
Starting a business is a brave move, but it’s growing your business that is the real task. Once the glitz and glamour of the launch have faded and the novelty is gone, you need to turn curious browsers into repeat customers. Sustaining and growing your business volume is a challenge. You need all the help…Read More
How Can I Prevent Credit Card Fraud?
The phrase ‘credit card fraud’ is terrifying for both you and your customers. To your customers, it conjures nightmares of drained savings and hiked bills. Plus, they’re placed in the difficult position of proving to their bank that they didn’t actually make those purchases. The potential damage to their credit report can be hard to…Read More
What are EMV Credit Card Machines?
Before we look at EMV credit card machines, let’s take a quick look at EMV technology as a whole. EMV technology features credit cards embedded with microprocessor chips that store and protect cardholder data. It is fast becoming the global standard for all card payments. EMV stands for the original developers Europay, MasterCard, and Visa.…Read More
Keep Customers’ Credit Card Data Secure
PCI stands for Payment Card Industry, and it’s recognized throughout the US as an accepted standard for card security. It’s not a legally mandated requirement, but complying with PCI requirements increases the confidence of both your customers and your financial backers. PCI terms may be slightly different based on the nature of your business. For…Read More