How Bad Credit Affects your Merchant Account Rates

The COVID-19 quarantine has affected how people play, work, go to school, and pay for everything that they need. It has made paying for things online a necessary replacement for face to face interactions, which have become risky. This means that to stay afloat, many businesses need to create or refine their online components with…

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What PCI Law is and How it Affects Your Business

The PCI standards are technically not a law at all. They are policies implemented by the major credit card brands, but they are mandatory nonetheless. That’s because failure to comply with them can result in having fines levied against your company, being responsible for increased liability, having your merchant account funds frozen, and having your…

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What to Avoid in an Online Merchant Account

If you have an online merchant account, then it is almost certainly a significant part of your business’s payment processing. This can be even more true if you offer products or services in the form of a subscription service with automated payments. Giving your customers efficient payment methods will typically increase sales. There are right…

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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.…

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Are 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…

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What 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…

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How 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…

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What 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…

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What 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…

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Accepting 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…

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