Does Your Business Need High Risk Card Processing?
Post

Does Your Business Need High Risk Card Processing?

There’s no shortage of problems when you’re running a business. Not being able to process your customer’s credit cards can cost you so many sales that you’re driven out of business. Almost no one carries checks or more than a modest amount of cash. Many people rely on using their debit or credit cards to...

Posted by April 12, 2017December 28, 2017
High Risk Credit Card Processing: What Every Merchant Needs to Know
Post

High Risk Credit Card Processing: What Every Merchant Needs to Know

Banks and credit card processors retain the right to determine which merchants they wish to work with. Some merchants find they are deemed high risk by these organizations, and this may occur for a number of reasons. The bank or credit card processor may label them high risk due to poor credit or because of...

Posted by April 5, 2017December 28, 2017
Interchange Charges and Card Fees
Post

Interchange Charges and Card Fees

Most people have a pretty clear understanding of how credit cards work. By putting items on a card they can have more purchasing power by paying the balance later. In essence, it’s a small loan from a bank and several other financial entities. Banks and other creditors charge fees for processing these transactions. There are...

Posted by February 16, 2017December 28, 2017
MCC Code Rewards Points
Post

MCC Code Rewards Points

Consumers today are searching for the best ways to save money on the products they buy daily or weekly. Credit card rewards programs are an excellent way they can do that. Companies also realize that rewards programs create loyal customers and are willing to pay shoppers for the purchases they make that they might otherwise...

Posted by February 14, 2017December 28, 2017
How Would One Define Interchange?
Post

How Would One Define Interchange?

Does everyone really know all the true costs of owning and using a credit card when they sign up for one? All too many people skip the fine print and go for a card that sounds good on the surface, then get slammed with surprise charges later on. Even if a person does not want...

Posted by February 9, 2017December 28, 2017
Credit Card Machine Security
Post

Credit Card Machine Security

Virtually everyone using credit or debit cards to make purchases, especially at gas pumps, has been asked to provide a zip code prior to the purchase being approved. Since gas purchases made at the pump don’t require the purchaser to enter a store and deal with a cashier, many people enjoy the speed and convenience...

Posted by January 3, 2017December 28, 2017
Can Merchants Save Money On Credit Card Processing Fees?
Post

Can Merchants Save Money On Credit Card Processing Fees?

With margins often slim, even in good times, it pays merchants to explore ways to minimize their expenses. While some business fees and expenses are beyond the control of merchants, there are some expenses where available options make it possible to trim costs. That’s true, to a certain extent, with credit card processing fees, so...

Posted by December 29, 2016December 28, 2017
Post

A Guide to Level 3 Credit Card Data

For retailers, the acceptance of electronic payments comes with an expense not linked to check or cash payments—an interchange fee, which is a percentage of the sale paid by the vendor as transactions are processed. While most know that the prices of services and goods typically include these fees, processors continually work with suppliers to...

Posted by December 27, 2016December 28, 2017
FAQs About How To Reduce Online Payment Fraud CVV Filter
Post

FAQs About How To Reduce Online Payment Fraud CVV Filter

Security opportunities for e-commerce websites reduce the potential for identity theft and major financial losses. These security measures lower the likelihood that the company will suffer hindrances to their reputation by failing to provide adequate security.   The following are FAQs about how to reduce online payment fraud CVV filter. What is a CVV Filter?...

Posted by December 1, 2016December 28, 2017
How Different Age Groups in America Prefer To Pay For Services And Purchases
Post

How Different Age Groups in America Prefer To Pay For Services And Purchases

If the average American’s wallet or purse were examined for different kinds of currency, there would be a mixed bag. Almost every American adult would have some coins and paper bills, a checkbook, a debit card, one or more credit cards, and perhaps some coupons or gift cards. But, in the last few years, there...

Posted by November 17, 2016December 28, 2017