Credit Card Processing
How to Protect Your Business from Credit Card Fraud
The idea of card fraud is frightening, both for businesses and customers. But with swiping becoming a standard part of life, there are more mechanisms in place to protect us. Let’s look at some tactics we can use to keep our cards and our money safe. Double-check encryption levels The form of credit card fraud…
Read MoreMerchant Accounts for Medium-Sized Businesses
Consider your banking situation at the moment. You might have a personal account for your bills and household expenses. You may also have a commercial bank account in your business name. If you don’t, there are reasons why perhaps you should. It can be helpful for tax purposes, and to keep your costs separate. In…
Read MoreHow a Payment Gateway Can Help Your Business
Before we can see how a payment gateway will help your business, let’s first understand what it is. A payment gateway is a secure service provided by merchant service providers to merchants so that they can accept credit card payments online. Payment gateway software integrates with the checkout option on your website and runs 24/7/365…
Read MoreReasons a Small Business Should Accept Credit Cards
Owning a small business can be a very satisfying venture. Sometimes it gets comfortable because your scale is lower. You can maintain profitability while staying within your limits, and this can dissuade you from expansion. Any ventures that would broaden your scope can seem like unwarranted expenses, especially because you’re not sure how soon they’ll…
Read MoreIs There a Difference Between Payment Gateways?
A payment gateway is an ecommerce service that processes credit card payments for online and regular stores. They enable these transactions by connecting an Internet website to the traditional banking network, so that the transaction information can be transmitted to a payment processor. Payment gateways don’t transmit payments (that is the role of payment processors); rather, payment…
Read MoreWhy Accepting Credit Cards Increases Your Sales
The first and foremost reason that accepting credit cards will increase your sales is because that is what your customer want. And that is not just your existing customers; there are loads of prospective customers out there that you don’t know about. They are the people who want what you sell but get put off…
Read MoreTop Benefits of Accepting Credit Cards
Statistics suggest credit cards increase sales as much as 500%. Here are some more specific benefits of letting your customers swipe. Reaching online customers The bulk of web-based customers pay by credit card, so if you don’t accept them, you may be locking out 90% or more of your online customers. They can mail in…
Read MoreMerchant Services vs. Credit Card Processing
What’s the difference between a merchant account and credit card processing? You might know – as a business – that you require a merchant account which offers affordable merchant services. However, you may be unclear on exactly what these services are. Merchant accounts are opened at companies called merchant processors or payment processors. These are…
Read MorePayment Processors vs. Payment Gateways
When you sign up to accept payment by credit card, all the terms and processes can seem very confusing, but you don’t need to have extensive knowledge of the intricacies of card payment systems to become a merchant. To become a merchant you have to open a merchant account, and once you have a merchant…
Read MorePayment Processors Explained
In short, a payment processor is a company that is authorized to process credit card transactions between cardholders and merchants. It gets more complicated than that, but having a basic idea is good so that you can understand your statements, fee structures and card payment processing procedures. Card payment networks process billions of transactions between…
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