Category: Credit Cards

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 2022

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, flat rate, or assessment expenses, and, more importantly – how can you use this knowledge to save up?

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).

What Is the Best Credit Card Machine for a Small Business?

When you’re running a company, every decision you make along the way is crucial. Deciding what the best credit card machine for a small business is and getting the right equipment is a major turning point. It will impact your success in the long run. So read on to get to know about the most influential brands, modern features, processors, and more. Save your money, increase your revenue, and boost customer experience with our helpful tips.

Credit Card Virtual Terminals – All You Need to Know

As a merchant, you’ve probably been wondering what are the advantages and disadvantages of credit card virtual terminals in comparison to the more traditional POS machines. This depends mainly on the type and size of your business. Although it sounds like a more contemporary and upgraded paying option, it is not always the best one. So, what kind of businesses could benefit from using them, and are they really necessary? Take a look at our guide to find out everything you should know about them.

How to Tell If You’re Overpaying Credit Card Processing

No matter if you have been accepting plastics for a long time or you are starting now, there is a real risk of overpaying credit card processing. However, how can you really tell if you are paying too much? Have you reviewed your billing statement? Do you know what kind of charges to pay attention to?

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Credit Card Fraud Prevention – Protecting Your Business

In 2018, losses associated with card scams equaled $24.26 billion worldwide, and the businesses in the US are statistically most prone to fall victim to this type of felony. Even though it can’t always be prevented from happening, merchants can resort to an array of credit card fraud prevention methods that make it tougher for someone to pay with a stolen piece of plastic or take valuable information from your other customers. If you want to protect your business and faithful clients from financial loss, learn how to recognize suspicious activities and behavior, and utilize advanced technologies to keep your funds safe.

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