Financial Services
Debit Cards or Credit Cards: Which to Use During the Coronavirus Lockdown
Debit is an increasingly popular payment method, particularly during the coronavirus lockdown, since it offers a fast and easy way to transfer information from the customer’s bank account through the client and rerouted to the purchase system, all through a single card account. Everyone is familiar with credit cards, and during the lockdown we’re all…
Read MoreDifferences Between Credit and Debit Card Processing
Some people use the terms “credit card” and “debit card” interchangeably. After all, they are both plastic cards that act like money; so how different can they be? In reality, credit and debit cards are quite different indeed, and they are processed differently. Differences Between Credit & Debit Credit and debit cards have some similarities.…
Read MoreWhich Businesses Get the Most from Accepting Credit Cards?
Credit card merchant accounts can help a wide variety of businesses. The ability to take credit card payments opens up a whole new class of customers and is a great way to increase revenue and sales. No matter what industry you are in, your business can benefit from adopting credit card payment processing. Let’s talk…
Read MoreA Brief History of Credit Card Processing
Humans have been using credit for financial transactions in some form or another since the beginning of recorded history. Even the ancient Romans used some forms of credit to finance the large number of transactions that occurred daily in the Empire. The first “real” credit card popped up in 1946, developed by Jon Biggins. Biggins’s…
Read MoreThe Link between Apple and MasterCard
If you already own an iPhone, you may sign up for an Apple Credit Card simply because it’s an Apple Credit Card without needing any more convincing. Still, here’s how Apple claims it beats out other cards: It’s owned by Apple, so it has all of Apple’s security measures. With the physical titanium version, your…
Read MoreShould I Still Accept Checks as a Payment Option?
Yes, accepting checks as a payment option is still a good idea for most businesses. You opened your merchant account so your business could accept payment by credit card. Without that ability, your business can’t stay competitive in today’s business environment. Accepting credit cards typically increases revenues from 50% up to 500%, so it’s a…
Read MoreWhy ACH is Important
For larger amounts, some merchants or customers may prefer to transfer money from a bank account, rather than use a credit card or accept a check. This is where ACH comes in. It stands for Automated Clearing House, and it’s a secure interbank system for electronic money transfer. It can also be a convenient payment…
Read MoreGive Your Customers Different Options at the Checkout Counter
Watching a customer walk away from a full shopping cart at the checkout because you don’t offer the payment method that they prefer is incredibly frustrating for you and your customers. For customers, it’s annoying to spend time and effort choosing products and finding an outdated, lumbering, slow payment system at the checkout counter. And,…
Read MoreWondering What an ACH Payment is?
ACH has touched your life in many ways and you may not have known it. With an ACH transfer, you don’t need to wait for that check in the mail, stand in line to pay your bills. You can easily receive payments from vendors and suppliers, and you don’t need to make a trip to…
Read MoreWhat Are Interchange Fees?
If you’ve heard the word “interchange” but haven’t been able to discover exactly what it is, then this article will help. Business owners may not have all the information that they need about all the aspects of credit card processing. They may feel bewildered about the jargon used by those in the business and may…
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