Credit Card Processing
Why are EMV Credit Cards More Secure?
If you are still stuck on magnetic strip credit cards, it’s time to move on. Not because you are out of date (although you are), but because fraudsters and identity thieves just love magnetic strip credit cards and magnetic strip debit. They have learned how to skim magnetic strip cards in seconds without anyone seeing…
Read MoreFive Reasons to Use Your Credit Card
Some people can’t live without their credit cards, others see them as a necessary evil. Wherever you stand on the issue, credit cards have a lot to offer the average consumer. Here are a just a few advantages to paying with credit cards. It’s safer than physical cash Ask a criminal the best spot to…
Read MoreHow Payment Gateways Work
The simplest way to think of a payment processor is to start with the example of an electronic card reader. These are also known as POS (Point of Sale) terminals. It’s the little device at a store where customers swipe their credit cards. This is the main way to physically process credit cards for retail…
Read MoreInterchange Fees Briefly Explained
As a merchant, you might be wondering what interchange fees are all about. Understanding interchange fees can be important. Briefly, interchange fees are paid by payment processors to the credit card companies (Visa or MasterCard) for being able to accept customer payments by credit card. How it works: The instant you accept a card payment…
Read MoreHow 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 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…
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