Contactless Mobile Payments
If you have an interest in mobile apps and cell phone technology, you might have noticed a move towards contactless sharing. It started with sending addresses and phone numbers, then evolved into music and images. The feature allows you to pass information from one phone to the other without the two phones touching. When this…
Read MoreCredit Card Interchange Fees
As a customer or a business person, you only see the surface level of credit card transactions. The customer swipes a card and the product or service gets paid for. What we don’t see is the intricate exchanges involved. The money starts at the customer’s bank account, passes through a payment processor, and ends up…
Read MoreGive Your Business a Real Advantage simply by Accepting Multiple Forms of Payment
When human beings first discovered trade, we mainly used the barter system. It worked for a while, but was cumbersome because products were often bulky and there wasn’t always a clear way to estimate value. With time, we progressed into standard forms of exchange like beads, salt, precious metals, and eventually cash. In the 21st…
Read MoreQIR Compliance: What’s it got to do with you?
Qualified Integrators and Resellers (QIR) compliance is a standard set for resellers by the Payment Card Industry (PCI) Security Standards Council to implement, configure and support Payment Application Data Security Systems (PA-DSS). QIR validated companies are listed on the website of the PCI Council. Although QIR compliance has not yet become a compulsory requirement, card…
Read MoreHow do Visa QIR Requirements affect my online business?
Merchant processing is a delicate process. On the customer side, it may look quite simple. After all, they simply flick their wrists and swipe their cards, or maybe key their details onto a website. For some, it’s as easy as waving their cards over the NFC reader on a mobile phone. In reality, it’s a…
Read MoreDo I need an SSL certificate for my online store?
Setting up an e-commerce site can involve a lot of new terminology and aspects you’ve never heard of before, such SSL or HTTPS. If you are new to e-commerce or to setting up a website in general, these terms can be baffling, but it is important not to ignore them. Making sure you know what…
Read MoreWhy do I Need to Apply to get a Merchant Account?
As a business person with a commercial online presence, you need a merchant account. It allows you to accept payments on your website, so that customers can buy from you directly. There are various situations where this is necessary. For example, if your clients are overseas, web purchases might be the only way they can…
Read MoreWhat is the Difference Between a Payment Gateway and a Payment Processor?
When you’re running a business, there are several ways that you can accept payment from your customers. You can take cash, cards, checks, mobile payments, or online payments. Cash is received at a till and receipts are issued. Checks can be received in person or by mail, then taken to the bank for cashing. Cards…
Read MoreWhat is a Payment Processor, Exactly?
When you’re running a business, your primary goal is to make a profit. And in order to earn these proceeds, you need to receive payments from your customers. At the most basic level, customers pay for your goods and services in cash. One step above that is the card or check payment, and more recently,…
Read MoreGetting a Merchant Account for a Seasonal Business
My business is seasonal – does this play a role in my merchant account application acceptance? Some businesses do not operate year-round and only open their doors during certain seasons. Some businesses that do run throughout the year have certain times and seasons when they are in higher demand or have smaller branch-off businesses for…
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