Credit Card Processing
What 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…
Read MoreWhy Credit Cards are Dropping the Signature Requirement
In a move applauded by most retailers, major card brands (Mastercard, Discover, American Express and Discover) will no longer require customers to sign for all of their card payment transactions as of the end of April 2018. At the same time, each card brand will be adding new rules and relaxing existing rules for merchants.…
Read MoreA Merchant Account That’s Right For Your Small Business
A merchant account is a kind of bank account that allows your business to accept credit or debit card payments. You must have a merchant account provider to open the account for you and provide the necessary services for maintaining your account. So the important decision is choosing a merchant account provider that’s right for…
Read MoreHow do I Start Accepting Credit Cards?
Congratulations on deciding to accept credit card payments! Your business will never reach its full potential if you still think cash is king. Before you can accept credit card payments, you must find a reliable merchant service provider so that your transactions can be processed. Look for a merchant service provider that explains what you can…
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