Payment Processors

Payment 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…

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Payment 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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How Does Gateway Payment Processing Work?

A payment gateway is a secure Internet service provided by merchant account providers to accept credit card payments online.  It allows your online shop can accept credit card payments via your website at any time of day when customers place an order. You have no input; just think of how much valuable time that saves…

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Make it Easier for Your Customers to Pay You

Online payments make life easier for companies looking to expand. This new technology gives a wider market access to businesses of all sizes, and compared to long distance payment methods such as money order, it is faster and more secure. With that being said, the best way to accept online payments is through an online…

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Questions to Ask About Merchant Credit Card Processing

If you are considering accepting payments by credit or debit card, you will have to select a merchant credit card processor to facilitate your payment transactions. There are plenty of companies offering merchant services, but they don’t all have the same standards or offfer the same services, so choosing the right one for your business…

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How to Accept Credit Cards Online, In-Store or Anywhere

Starting to accept credit cards can be a daunting process for some business owners, but it’s actually a fairly straightforward transition. There are many payment processors to choose from, each with their own rates, features and modes of doing business. Obviously you want to choose the company that offers the lowest rate, lowest fees, and…

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What Does a Payment Processor Do?

Credit and debit cards are convenient pieces of technology. They let you carry large amounts of ‘cash’ without the physical bulk, and without feeling unsafe. They let you withdraw cash at ATMs anywhere in the world. Some of them allow you to gather points and bonuses that you can exchange for discounts and free services.…

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ACH and e-Check Processing

To get ACH and e-Check processing services from your merchant service provider, you will have to put in an application that will require much the same information as was required when you applied to accept credit card payments. This will include all your business details, your Federal Tax ID and your estimated processing volumes. This…

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Credit Card Interchange Fees

As a customer or a business person, you only see the surface level of credit card transactions. The customer swipes a card and the product or service gets paid for. What we don’t see is the intricate exchanges involved. The money starts at the customer’s bank account, passes through a payment processor, and ends up…

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