Is eCheck Safe? Know the Risks
Written checks have fallen by the wayside in terms of popular payment methods. But eChecks are more popular than ever. Accordingly, businesses that have integrated online payment methods into their infrastructure–and those that haven’t really should–may be concerned about the safety of eChecks for their customers’ sensitive financial information. There are a few reasons that…
Read MoreEcommerce Credit Card Processors: What Businesses Should Know
Ecommerce is the name of the game in online business. The COVID-19 lockdown accelerated a process already underway, which now emphasizes online payment more than face-to-face transactions. Businesses that haven’t yet evolved an eCommerce component could fall behind further even after quarantine lifts. Financial experts agree that this experienced has likely permanently convinced many customers…
Read MoreCan a Business Get an Internet Merchant Account with Bad Credit?
Internet merchant accounts allow businesses to process online transactions from their customers by credit card. Businesses that are unable to offer this service run the risk of looking unprofessional and losing sales by failing to offer customers the payment options they need. When the right merchant account provider is selected, an internet merchant account will…
Read MoreHigh-Risk Payment Processing: What Businesses Need to Know
Sometimes, even a business with perfect credit and no blemishes in its financial history can be classified as “high risk” for credit card processing, which can cause some payment processors to refuse to offer their services, or may affect the rates that the business is charged. This is why it’s essential to know what high…
Read MoreIs PCI Compliance Mandatory? What Businesses Should Know
The PCI requirements are designed to protect customers who trust businesses with their financial information. Businesses may be concerned about the PCI requirements, wondering if PCI compliance is mandatory. Customers may also be wondering if other online merchants follow these guidelines. No matter the size of the business, payment security is an essential factor in…
Read MoreWhy Businesses Need Mobile Payment Services
Many different kinds of businesses require a customized point-of-sale (POS) system. During the COVID-19 quarantine, the need to accommodate customer payment preferences has been emphasized even more, particularly by businesses whose customer service model has changed to match the needs of the times. Since brick and mortar transactions have been de-emphasized, businesses now require options…
Read MoreWhy Online Merchant Accounts are More Important than Ever
Online merchant accounts give businesses access to software and hardware that allow them to process their customers’ credit and debit card payments. Businesses that don’t have this infrastructure in place will fall behind as the coronavirus lockdown continues. Customers are demanding more varied online purchasing options and businesses can’t deliver them without online merchant accounts.…
Read MoreWhy PCI Compliance is Important for Businesses
With online payment processing becoming the name of the game in selling products and services during the COVID quarantine, businesses need to know the rules and regulations related to online transactions. Staying compliant with the Payment Card Industry (PCI) standards is essential to transacting payments in the 21st century. The PCI standards are determined by…
Read More3 Tips for Businesses Still Open During the Coronavirus
Many businesses are closed or operating on limited hours during the coronavirus quarantine. Their credit card swipe machines aren’t holding them afloat when people are no longer emphasizing face-to-face interactions in their daily lives. People’s needs for products and services have shifted to an online model that some businesses have had trouble adapting to. There…
Read MoreHow to get Merchant Account Approval with Bad Credit
Internet merchant accounts are essential for small businesses in 2020 for a few reasons. Not only were alternative payment methods already becoming more in demand, but the coronavirus lockdown has sharply accelerated this process. People now expect to be able to use their credit card no matter what they’re buying, whether it’s a service online,…
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