EBT (Electronic Benefit Transfer) is a payment system designed to allow recipients of assistance under SNAP (Supplemental Nutrition Assistance Program), TANF (Temporary Assistance to Needy Families), or other aid programs sponsored by the Federal and state governments to make needed purchases of food and goods. EBT replaces the old “food stamps” program, allowing recipients to […]
As a merchant, you naturally want to be able to accept as many payment methods as possible from your customers. eCommerce businesses are, of course, limited by the fact that they don’t have a physical store where their customers can pay in-person, so they have to rely on online payment methods such as debit cards, […]
If you’re new to the world of credit card processing, you may be wondering what interchange fees are, and how they impact the cost of processing transactions and maintaining a merchant account for your business. The truth is that interchange fees (or, more properly, interchange reimbursement fees) are, in most cases, the single largest expense […]
AVS is an acronym for the Address Verification Service, a feature that’s used to compare the address given to you by your customer and the billing address on file with the cardholder’s issuing bank. AVS serves two primary functions: (1) to deter fraud by confirming that the customer is the legitimate cardholder, and (2) to help prevent chargebacks by giving you additional information to verify your customer’s identity. Read on for more info.
The ability to buy and sell on the internet has only been available for a little over 20 years. In that time, however, the eCommerce industry has expanded dramatically, disrupting traditional retail industries and opening up a new world of opportunity for both merchants and consumers alike. Consumers are no longer limited to buying only […]
Everything You Need To Know About Finding A CBD Merchant Account & The 6 Best CBD Payment Processors
Looking for a merchant account for your CBD oil business? Check out our comparison of the best credit card processors for this niche.
Looking to save money on credit card processing costs? Read our overview of the most affordable (and reliable) processors in the industry.
The Best Merchant Account Providers For Canadian Small Businesses (& The One Company You Should Avoid At All Costs)
Finding a credit card processor is a challenge no matter what country you’re in. Canadian business owners should check out these great options — plus learn which merchant account company they should avoid at all costs.
If you’re a business owner, you’re probably already aware of just how important it is to be able to accept credit and debit cards as payment methods from your customers. Although we’re still quite a way off from becoming a truly cashless society, today almost all American consumers have either a debit card, a credit […]
Navigating the world of payment processing services can be confusing for a small business owner, and it’s easy to make a mistake that can have a negative impact on your bottom line. With fast-talking sales agents lurking around every corner, waiting to sign you up for a lengthy, expensive contract, you need a good understanding […]