If you’re a new business owner who’s launching a biz soon — or a current business owner whose bank has approached you about switching your merchant account with them — you may think that a bank is the safest bet when it comes to processing payments. Of course, it’s convenient to have merchant services and […]
Merchant accounts can be a complex beast — hard to negotiate with and tough to understand. When a small business owner signs a contract agreement, they may be doing so in good faith, believing that what the salesperson said to them is reflected in the contract. Many times that’s not the case. What follows can […]
This post aims to clarify any confusion regarding why and how a CVV (or CVV2, or CVC, or CID) number is vital for your small business. Because payment companies mandate all merchants to collect the credit card CVV code during online or manual card entry, you’ll need to find a payment processing company that’s up to date with the latest policies.
When it comes to refunds, the interplay between a merchant and customer can be a tense one, or it can be an opportunity to build trust. What most merchants and customers alike may not be aware of is that merchants often have to deal with extra costs with every return. A merchant may be on […]
The transition to EMV chip cards began several years ago, and while adoption continues to pick up steam here in the states, we have a ways to go to catch up. While the rest of the world has been much quicker to adopt EMV (circa 2005 for Europe), the U.S. is dragging its proverbial heels. […]
If you landed on this post, you’re probably checking out payment processing options for your small business. Understanding terms such as “payment service provider” or “merchant account” — phrases that are sometimes used incorrectly or even interchangeably — can be a bit overwhelming. We get it. That’s why in this post, we are not only […]
Whether you are sticking a toe in the waters of eCommerce or you already have an established presence online, there’s never been a better time to time to start selling all of your products right from Facebook. If you are a newbie to the online selling game, starting a Shopify Facebook Store is undoubtedly one […]
When a merchant signs up for a new Square account to start processing payments, many times the focus isn’t on the other features; it’s on getting paid — and rightfully so. But after signing into your account for the first time, it may become evident to you that there is a lot more to Square […]
If you need a simple and accessible way to take payments, keep orders moving, and make it easy for your customers to buy, then keep reading. In this post, I’m going to show you why I think Square offers one of the best ways you can experiment with online selling, and it brings along plenty of room for growth when you’re ready, too.
Keeping all of the terms straight when it comes to processing payments can be a bit tricky. And there are so many entities involved in payment processing. So we’re going to start with one of the most important terms and players in credit card processing: the acquiring bank. We’ll start with a general definition of […]
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Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
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