Credit Card Processing Blog Posts

When it comes to processing payments online, there is no such thing as a free lunch — transaction fees will be assessed. We hope that this guide has given you some understanding of the types of fees you’ll have to pay and the different pricing models used by merchant service providers to charge you for the cost of taking payments online.

When you need merchant services with next-day funding, the most important thing is to select a payment processor that can accommodate you. The best credit card processing companies can provide next-day funding, and some even offer same-day funding or instant transfers.

When choosing the best merchant account provider, look for companies that offer the features and support you need at a cost you can afford. You’ll also want to research the provider in question to make sure you’ve found a reputable, trustworthy company. Merchant Maverick’s merchant account reviews are great for this purpose.

Trying to lower your credit card processing costs is more important than ever, as inflation drives up the costs of goods and services, and credit card interchange fees continue to rise. We discuss the industry averages for credit card processing costs, which can show you how your costs compare to other businesses.

If you’re looking to take credit card payments through your WooCommerce store, WooCommerce Payments offers a ready-made solution. WooCommerce Payments allows businesses to accept payments and monitor sales activity through their store’s dashboard.

A Venmo charity profile is a special kind of Venmo profile available to PayPal-certified 501(c)(3) nonprofits. Venmo charity profiles offer a variety of benefits. For example, charity profiles also allow nonprofits to use their organization as a username, get a blue verified-charity checkmark, take donations, generate donation reports, and save donor contact information for communicating with donors later on.

Both Stripe and Shopify Payments are excellent choices for a multichannel business, but both providers offer several unique features that will make one a better choice than the other for businesses that need those features. Stripe is generally less expensive overall due to the lack of a monthly subscription fee for a basic account.

If you’re wondering how to lower your credit card interest rate, know that you can always contact your credit card issuer and request an interest rate reduction. They may not say yes, but if you have good credit health and a lengthy history of making your payments on time, you’ll increase your chances of success.

In this article, we’ll compare Helcim and Square feature-by-feature, showing you the benefits and drawbacks of each provider and explaining where each company excels and where it falls short.

While merchant account fees are definitely irritating (and expensive!), they’re often an inevitable cost of doing business. Even if you sign up with a payment service provider like Square that doesn’t charge monthly fees, you’ll still be paying the costs associated with maintaining your account in the form of higher transaction processing rates.