Before a company opens its doors, either physical or virtual, for business, they need a merchant account. These types of accounts may be available through the same bank where they have their business checking or through a dedicated provider. Although it won’t be hard to find a provider, getting the best rates may take some...
Many individuals opt for a credit card holder over a traditional wallet simply because of the ultra thin design of these products. Another option is to choose a holder of this type to keep cards, cash and more organized in their purse. It’s a matter of personal preference, yet manufacturers understand the popularity of these...
Credit processing can be a complicated process, but it’s important for store owners to understand bankcard services and how to choose the right processor for their needs. By taking the time to understand what fees might be assessed and how it can impact the amount they receive for any purchases, the business owner can figure...
A chargeback is the result of an action taken by a cardholder who disputes a credit card transaction through their credit card issuer. The card issuer initiates a chargeback against the merchant’s account and the funds are withdrawn unless the chargeback is reversed. Typical Chargeback Reasons Both Visa and Mastercard have different chargeback reason codes…...
As an owner of a business, using credit cards is essential to ensure that your company keeps going and enables its growth. For most business owners, options such as purchasing a large sale system or wireless terminal are not always convenient. Luckily, there are other alternatives such as mobile credit card processing. If you usually...
Due to the increased spending that occurs during the holiday season, scammers and thieves anxiously sit behind their computers with clever new ways to take advantage of both consumers and merchants. Since today more and more shopping takes place online, this makes it even easier for thieves to defraud innocent shoppers. The Internet is littered...
The Payment Card Industry Data Security Standard (often shortened to “PCI DSS” or just “PCI”), is a set of data security requirements established and governed by Visa®, MasterCard®, American Express®, and Discover® to protect cardholder account information. Here are facts about PCI Compliance. What is the PCI & How Does It Affect My Business? PCI DSS...
