Credit Card Processing
Top 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…
Read MoreDoes My Business Meet PCI Standards?
When people say PCI, they’re usually referring to one of two things. They either mean the Payment Card Industry DSS (Digital Security Standards), or the PCI Council, which is the regulatory body that developed those standards. This council isn’t a punitive authority. It doesn’t issue any actual certificates, and it doesn’t fine you if you…
Read MoreWhy a Merchant Account is Essential for Your Business
If you think that your business is not ready for a merchant account, think again. No business is too small to have a merchant account! So what is a merchant account actually? A merchant account is a type of bank account that allows you to accept cashless payments, particularly by debit or credit card. It is formed based…
Read MoreBenefits of Opening a Merchant Account
Have you ever wondered about the benefits of opening a merchant account? Maybe you have been using traditional payment methods for years, or are about to open a new online business? If so, you may have also noticed that you are losing out on sales because you don’t offer credit card payment options, and if…
Read MoreA Merchant Account Can Streamline Your Business
A merchant account is a particular type of business bank account that allows your business to accept credit card payments. An online payment gateway connects your online store to your merchant account. It also facilitates the processing of the payment transaction between the various parties involved, including your bank and the card issuer’s bank. You…
Read MoreMissing Out on Sales Because You Don’t Accept Credit Cards?
You may have your reasons for not accepting credit cards from your customers. Maybe you’re worried that your bad credit blocks you off from opening a merchant account. You may even have applied to several merchant processors and been turned down, thanks to some black marks in your financial history. First off, those matters are…
Read MoreAccepting Credit Card Payments Can Help Your Business
If you are still believe that “cash is king,” your business may be losing out big time. People don’t want to carry cash around anymore, and neither do they want to pay by check. (Did people ever like the hassle of writing a check?) No matter what type of business you run or how big…
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