Category: Credit Cards

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.

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?

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.

Around 81 percent of transactions are cashless today. If you’re in the hospitality industry and thinking about improving your business, you should learn more about restaurant credit card processing. It will better establish your business, boost sales, improve cash flow, and eliminate the risk of getting bad checks while providing affordable and acceptable rates.

Paying with plastic instead of cash is convenient for the customers in stores. On the Internet, there’s no other option. For the merchants, however, that often means calculating credit and debit card fees and expenses. Here’s a short guide on those expenses.

Have you decided to start accepting Visa credit cards? Introducing cashless payment options can bring all kinds of benefits to merchants. However, before you begin accepting cards as a form of payment, you should be familiar with what you pay for this service. Among others, an acquirer processor fee will appear on your monthly statement. But would you even be able to spot it there? And what is it, to start with? We want to provide you with some answers.

Did you know that seven in ten Americans have at least one credit card? Contactless payment has become a crucial part of every small business. There are so many advantages that such payments bring, but there also come a few questions. For instance, how do credit card transaction fees work? Contactless payment seems particularly complex to those who’ve just started their business or who’ve just implemented this form of payment.

Have you opened a small business recently and want to provide your customers with as many payment methods as possible, including the option of paying with plastic? It’s a rational decision given the rise of cashless payments, but you still might be uncertain about how credit card processing works? Even though it might seem complex at first sight, the entire process can be broken into several steps and just a few key participants. Understanding every step is of paramount importance for a business owner.