Archive for June 2020
What is High-Risk ACH Processing?
As someone who runs a small business that accepts credit cards online, it’s wise to know about high-risk ACH processing and how it could affect your business. You’ll have to plan ahead if you want to find payment solutions to this obstacle in creating a sustainable merchant platform for the online portion of your business.…
Read MoreAre eCheck Services Safe?
Consumers in the modern age are always looking for new forms of electronic payment to make their lives more convenient. Especially during the COVID-19 lockdown, physical transactions are being replaced with more systems for electronic payment processing. This means that echeck services will be used more often and are being considered by more and more…
Read MoreWhat to Look for in Third-Party Credit Card Processing Companies
As a business that plans on accepting customers’ payments online, you may wish to research third-party credit card processing companies so that you know what to look for when you’re shopping for a merchant account. The right third-party credit card processing company can make your business safe and secure for your customers’ payments, but you…
Read MoreHow to Obtain a Merchant Account
As someone who runs a small business, you may be concerned about your credit rating if you’re trying to open a merchant account. Particularly during the COVID-19 lockdown, businesses are prioritizing online transactions over face-to-face interactions, which can be riskier to the health of you, your employees, and your customers, and are prohibited by law…
Read MoreWhat is PCI Law?
PCI “law” is misnamed since it’s not an actual law. However, compliance with standards in Payment Card Industry (PCI) transactions is required by the major credit card companies in order to be able to accept credit cards from their cardholders. Any business, big or small, that plans on accepting credit cards has to be aware…
Read MoreWhat is an ACH Transaction and What are the Benefits?
ACH or Automated Clearing House payments electronically process payments by automatically taking money out of a checking account to make a payment. It is an automatic transaction method as opposed to the payment approval processes of writing paper checks or using a debit or credit card. In order to conduct an ACH transaction correctly, it…
Read MoreAccepting Online Payments for Businesses
As a small business owner, you may be wondering what third party processor to use to conduct transactions on your online store, especially if you’re feeling pressure from COVID-19 reducing or eliminating the number of in-store customers you have. There are traditional payment methods such as credit and debit card processors through an online merchant…
Read MoreA Guide to EFT vs ACH Payments
The electronic payment industry has given rise to many different ecommerce credit card payment systems that businesses can offer their customers to make purchases. Users can take advantage of these systems if they know the benefits and drawbacks of each. In 2020, fewer people than ever before will pay for goods and services with checks…
Read MoreHow to get a Merchant Account with Bad Credit
If you have a small business that wants to be able to accept credit cards from its customers, you may be wondering how to get a merchant account even if you have bad credit. Since many merchant account providers check your credit when you apply for an online merchant account, you may feel like you…
Read MoreHow Should I Accept Payments on my Business’s Website?
If you have a small business with an online store component, you may be wondering how to accept credit card payments online for free. Unfortunately, even if you avoid startup or monthly fees by choosing the right payment processing company for you, transaction fees are something that you’re always going to deal with when processing…
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