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Merchant Account vs Payment Gateway Explained

If you are confused by all the terms bandied about around accepting credit card payments you are not alone. Many small business owners feel intimidated by all the names and technical terms used in the card payment industry and are not sure if they can keep pace with it all. That is why choosing a…

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How do I Sell Online?

Online business drastically cuts down your overheads, because you don’t have to rent a physical shop or hire a cashier. Your start-up costs are minimal, and even big offline businesses are now taking the virtual route. Your primary expenses will be shipping, and maybe door-to-door delivery. Aside from a physical storefront, online shops have all…

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How does a Payment Gateway Work?

Understanding the logistics of online payments is beneficial if you are looking for credit card processing providers. The terminology used to explain online payment processing can appear baffling, but it really is a straightforward concept. What is a payment gateway? A payment gateway connects a business’s website on the Internet to the banking network.  This…

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Getting a Merchant Account for a Small Start-up Business

You might wonder what qualifies your business to have a merchant account. Maybe you think your business is too small for a third party payment processor. In reality, any business that accepts card payments needs a payment processor. It’s impossible to receive payments without one. Also, most card networks use the Visa merchant classification. This…

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Are Chargeback Fees Just an Unnecessary Expense?

The term ‘chargeback’ sends shivers down the spines of many business owners. It might seem like a minimal fee, but its significance is far beyond chargeback fee. Chargebacks can ruin your reputation with the merchant account industry. Many businesses just see it as a risk they have to take. After all, the alternative would be…

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What Are Chargeback Fees (And How Do You Stop Them)?

A “chargeback” means that a customer’s payment transaction that was previously authorized and cleared is later reversed. A payment reversal will result from a dispute raised by the customer or their bank, and the full payment amount plus chargeback fees will be withdrawn from your merchant bank account. If a customer believes that they did…

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Here’s Why a Merchant Account Will Benefit Your Business

You have probably heard about merchant processing accounts, but perhaps you are not sure how one will benefit your business. Before we look at the benefits, let’s understand what a merchant processing account is. Simply stated, a merchant processing account allows a business to accept payments by credit and debit card for goods or services.…

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How Can I Make It Easier For My Customers To Pay?

Today people are accustomed to convenience and quick results, and so that is what your customers are expecting. No matter what type of business you run, you can make payment options easier for your customers; if you still think cash is king you might be surprised to learn how much things have changed. Few people…

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