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Merchant’s Guide to First Data Decline Codes

Each time a transaction takes place, your payment processor returns a response code. However, not every payment transaction is allowed. That is the time when you might receive one of the First Data decline codes. Some of them are more common than others, but it’s always helpful to know more about the codes you can receive. Read our guide and learn about the response reason codes that might pop up during an unsuccessful transaction.

What Is a Merchant ID Number and Why Do You Need One?

A merchant ID or MID is an extremely important piece of data for your business and online payments. With so many transactions happening each second, you probably wonder how all these different entities can tell who is paying where, what the route of that transaction should be, and how the payment gets to the right recipient. The merchant identification number is the answer for that. Let’s see how it works and what else you should know about it.

What to Know About How Do Credit Card Machines Work

For 67% of Americans, plastic is the most preferred payment method. On a daily basis, there are more than 108.6 million cashless transactions only in the US. Swiping and tapping to pay are so easy to perform. But how do credit card machines work exactly, and what happens when the merchant presses that green button on the POS terminal? To see what happens behind the scenes, stay tuned!

Where to Get the Lowest Credit Card Processing Fees for Small Businesses in 2021

Whether your buyers operate online or purchase the goods you offer in a traditional brick-and-mortar store, knowing about the lowest credit card processing fees is a must. Take a deep dive into these facts and answer your main questions – What are the lowest credit card processing fees, what is the difference between interchange, flatrate, or assessment expenses, and, more importantly – how can you use this knowledge to save up?

Do Not Honor Error – What Does It Mean, Causes and What to Do Next

Seeing a do not honor error on your terminal is certainly not pleasant, neither for you nor the cardholder. However, this is the most common code that you’ve probably encountered at some point in your life while paying with or accepting plastic. What does do not honor mean on the credit card, why it happens, and what can you do about it? Let’s find out.

Recurring Payment Guide: All You Need to Know

For current business owners, there are a lot of options when it comes to the way the transactions are accepted and processed. A recurring payment has many benefits, both for merchants and their customers. To understand all the advantages, we’ll explain what is recurring payment and how it works.

What Does Hold Call Mean on Credit Card Processors

Having difficulties processing payments when a customer is ready to make a purchase can be troublesome. Especially when the payment is denied due to potential fraudulent activities. What does hold call mean on credit card processors? Knowing the answer to that question, as well as how to decode the numbers that appeared on the terminal screen as a sign something is wrong with the transaction, is of essential importance.

Credit Card Vs. Cash – Which One Is Better for Merchants?

If you’re an entrepreneur in today’s world, weighing up the pros and cons of using a credit card VS cash is definitely something you should do. Not so long ago, startups were suited to take cash payments only, whereas nowadays – when 70% of people have at least one credit card – changes are inevitable. So although it’s no big secret that we are moving towards a cashless society, there are costs you will have to pay for settling for one of these (or both).

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