Payment Processing
The term ‘payment processing’ may sound complex and intimidating. On the surface, it simply describes customers using credit cards or debit cards to pay for something. But the process itself – even though it only takes a few seconds – is intricate and complicated. Let’s start by looking at some of the terms involved. Issuing…
Read MoreHow AVS and CVV Filter Fruad
AVS and CVV are excellent fraud filters. When accepting credit cards, there is always the risk of encountering a fraudulent transaction. In fact, sometimes businesses will have to take a revenue loss due to chargebacks, some of which will be fraudulent. In order to prevent this, there are two major tools available: AVS and CVV.…
Read MoreHow to Reduce Chargebacks
Credit cards offer customers a quick and easy way to pay for goods and services. If you’ve ever searched your pockets for cash and can’t quite remember what you spent it on, then you’ll understand why some consumers love the transparency of credit cards. At any time, they can check their card statement and know…
Read MoreCredit Cards are the Currency of Convenience
Running a business is all about making customers happy, and providing the goods and services that they need. A large part of this is letting customers pay through the method that is most convenient for them. These days, credit cards are the best option for many consumers. Customers feel more secure and appreciate that they…
Read MoreIs Cash or Credit Card Best for My Small Business?
Most businesses start off by accepting only cash as payment, in part because they are intimidated by the credit card application process. However, this can be a significant bottleneck for a business’s revenue. Credit cards are easier than ever to apply for, and they are quickly overtaking cash as the payment method of choice for…
Read MoreWhat Credit Card Checkout Options are Available for my Small Business?
There are lots of different ways to define a small business. It may be the volume of your sales, the number of staff you employ, or even the size of your store. However you categorize yourself, it helps to have multiple avenues for your customers to pay you. Small businesses don’t often take checks, so…
Read MoreFactors to Consider When Choosing a Credit Card Processor
Deciding to accept credit cards is only the first step in getting paid. Of course if you have an online store, then credit cards are practically the only way to receive payment from your customers. However, customers can’t swipe their cards on your website, so you’ll require a system to facilitate payment. This is usually…
Read MoreWhat’s the Right Point of Sale (POS) System for my Small Businesses?
A POS system is more than just a tool that conducts transactions. It can help with a host of other activities including inventory management, customer behavior tracking and returns and exchanges. There are numerous systems available, which is why it’s important to shop around and find the best option for your business. This might seem…
Read MoreAccepting Credit Card Payments for Your Small Business
A merchant account is the cornerstone of card processing. It is a kind of bank account which handles funds transferred through debit and credit cards. Opening a merchant account through a payment processing service If you cannot open a merchant account for any reason, you may still have options at your disposal. Independent credit card…
Read MoreThe Difference Between ACH and a Debit Card Transaction
The debit card has been an alternative to checks for quite some time. It offers an easy way of transferring money electronically, from either a checking and savings account, and, if it carries a credit card logo, then it can be used for payments anywhere that credit card is accepted. ACH works with direct debit…
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