How Does the PCI DSS Work?
Before looking at how PCI DSS works, it’s helpful understand what it is. PCI DSS, or Payment Card Industry Data Security Standard, is an ever-evolving set of technical standards that was launched in 2006. Improvements, updates and milestones are ongoing, and 2018 has seen a number of mew requirements being implemented. The aim is to…
Read MoreVisa’s New Chargeback Rules
Visa is one of the most widely accepted credit card brands, so they play a big role in payment regulation. Any rules that Visa issues could affect your business, so you want to be aware of them and stay within their boundaries. Visa’s 2018 regulations are aimed at security, both for you and your customers.…
Read MoreThe Benefits of Applying for a Credit Card
In some markets, getting a credit card is really hard. The requirements are intense and it’s difficult to qualify. In other markets, credit cards are practically handed out in the mail. You barely even have to ask for it. This type of credit card often comes in the form of a store loyalty card. The…
Read MoreOnline Payments Security Glossary
If you’re a “netizen,” you probably don’t think twice about buying stuff online. You’ve spent your whole life on the web, and are constantly on your smartphone or tablet. You may even spend more time (and money) online than off. This applies to almost everyone under 30, because the internet and its related devices are…
Read MoreA Short Guide to Online Security for Credit Card Payments
You’ve probably heard some scary stories about phishing scams and identity theft. While it’s possible for someone to access your account through your credit card details, it’s just as possible to protect yourself (and your clients). First, common sense. Don’t share photos of your credit card, because it’s easy for somebody to zoom in and…
Read MoreCredit Card Processing With a Merchant Account
Credit cards are easy for customers. They swipe their card, sign their receipt, and hopefully repay their card in a timely manner. But for the business accepting payment by card, there’s more involved. First, you need the tools to accept customer cards. These could be in the form of a point-of-sale (POS) physical terminal with…
Read MoreMistakes to Avoid When Accepting Credit Cards
Making the decision to accept credit card payments is a beneficial business step. It can significantly increase your sales volumes, and makes life easier for you and your customers. It can also increase your efficiency and help you with running loyalty programs, seasonal sales, and promotional deals. Here are some beginner’s credit card processing errors…
Read MoreProcessing Fees
Before your customers can pay you using their credit cards, you need a merchant account at a payment processing company. Some payment processors – also called merchant processors – can facilitate credit card transactions in-store and online. They may also have facilities for processing paper checks, eChecks, cash payments, and ACH payments. The fees charged…
Read MoreFive Reasons to Get a Credit Card
There are two kinds of people. There are those who love credit cards because it’s a ‘limitless’ spending option. Then there are those who have heard horror stories about credit card debt, so they avoid cards completely. In reality, credit cards are useful, as long as you keep your spending under control and pay them…
Read MoreTake Your Credit Card Reader Everywhere You Go
Some people say you shouldn’t mix business and pleasure, but that’s often the most effective way to work. For example, there’s no reason why you shouldn’t carry your business cards on your family vacation. You never know when you’ll get the chance to do some schmoozing. On the other hand, if you’re travelling specifically for…
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