Credit Card Processing
How to Accept Payments Online and Grow Your Business
Online business is all about convenience, so if you sell online, including if you have an online store to compliment your face-to-face sales or services, It’s crucial that you offer online payment options. Selling online offers customers the convenience of shopping over the Internet whenever it suits them. But if you don’t accept credit card…
Read MoreChoosing a Payment Gateway
Your merchant account provider will usually provide a payment gateway for you as part of your merchant account. But many merchant account providers will allow you to switch to a different payment gateway if you have special needs, or if you would just prefer a different one. Here are a few recommendations to keep in…
Read MoreAre EMV Cards More Secure Than Traditional Credit Cards?
If you are still hanging on to your magnetic strip card processing system rather than changing over to EMV card processing you might need to rethink your approach. Not only are EMV cards the direction in which card payment technology is evolving to become the norm in time to come, but EMV cards offer greater…
Read MoreWhat is a High-Risk Merchant Account, and Do I Need One?
A high-risk merchant account is a merchant account that allows businesses designated as ‘high-risk’ to accept payment for goods and services by credit or debit card. Merchant account service providers might attach certain terms and conditions to the account to protect themselves in the event of something untoward happening, but that would depend on the…
Read MoreEMV Chip Cards: A Guide for Small Businesses
EMV chipped credit or debit cards offer advanced security and protection from fraud. EMV (an acronym for EuroPay, MasterCard and Visa) refers to a technical standard for microchips used in credit and debit cards, as well as the devices used to read them. Credit card companies developed this global standard to regulate and increase the…
Read MoreThe Difference Between a Virtual Terminal and a Payment Gateway
The payment processing system behind a virtual terminal and a payment gateway both permit merchants to accept credit cards over the Internet. In both cases, the customer card information is passed from either the virtual terminal or the payment gateway in an encrypted format through a complicated network to ultimately reach the customer’s issuing bank…
Read MoreDo You Really Need a Merchant Account?
If you sell any product or service and if you want your business to flourish, a merchant account is practically mandatory. But what exactly is a merchant account? It is a type of banking account that allows businesses to accept predominantly debit and credit card payments. A merchant account opened is under an agreement between…
Read MoreHow to Accept Credit Cards Online, In-Store or Anywhere
More than 50 percent of small businesses in the U.S. don’t accept credit cards, despite credit card payments being standard practice these days. One reason why is that accepting credit cards might seem daunting, confusing or costly to merchants. But equipping your business with the facilities to accept credit card payments is not complicated. And…
Read MoreThe Top Online Payment Security Measures
As e-commerce continues to take a more prominent stand in the global market, even small businesses are turning to the online platform to expand their reach and grow their profits. There are so many benefits for businesses of all sizes to offer online shopping experiences. However, online payment facilities raise new security issues that merchants…
Read MoreWhat is the Difference between a Chargeback and a Refund?
The difference between a chargeback and a refund might be blurred, but it is important for merchants to understand. Practically all merchants want to avoid both chargebacks and refunds, since they both translate into the same thing: loss of money. However, knowing more about their differences will show that granting a refund is far more…
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