An Overview of Credit Card Processing Transaction Types
Here is an overview of the different types of transactions you might process if you accept credit card payments.
5 Benefits of Accepting Credit Cards
Whether you’re just starting out and debating which payment methods you’d like to accept, or you have a more established business that has been able to avoid accepting credit cards up until now, there is certainly a strong case to be made for accepting credit cards. Here are five ways that accepting credit cards can help your business.
Common Myths About PCI Compliance
PCI Compliance is an often-misunderstood aspect of payment processing, especially for business owners who are new to accepting credit cards.
An Overview of High-Risk Credit Card Processing
Payment processors are not all the same, they often have their own unique areas of specialization where they can best meet the needs of specific businesses or markets. This is especially true when it comes to finding a payment processor for high-risk merchants.
Becoming PCI Compliant
There’s no doubt that PCI can get a bad rap, especially if you don’t know why you need to be compliant or how PCI is designed to help protect your customers and your business.
What is the Difference Between NFC and EMV?
Cards that use EMV technology have a small computer chip implanted on the card that communicates with the terminals to ensure you are not a fraudster. If a card is equipped with NFC, or Near Field Communication technology, then they are able to pay for a purchase by simply holding their card close to the terminal, essentially facilitating contactless payments.
Tap and Pay to Become a Primary Transaction Method
Creating a quick and easy checkout experience is beneficial for businesses looking to complete customer transactions as fast as possible such as grocery stores, quick-service restaurants, and pharmacies.
Why More Customers Are Misusing Chargebacks
Customers who do not understand how chargebacks fully work might unintentionally use the process to get funds returned to them when it might have been better to have contacted the business directly to dispute a transaction or obtain a refund.
Credit Card Processing Fees You Should be Aware Of
Outside of the processing rate, there are several per occurrence fees that might have been applied to your transactions. Understanding what each fee on your statement is, and when different fees apply can help you reconcile your statement each month.
What is an Issuing Bank?
So, what exactly are issuing banks? An issuing bank is a bank that provides – or “issues” – the debit and credit cards to your customers, who are also known as cardholders.