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Business owners need to be proactive in managing their credit card processing accounts. Learn what risk factors processors look for to keep your merchant account safe and what to do if you do run into a funding hold or account termination.

While mobile payment apps aren’t everywhere (yet), small business owners should be aware of what they are & how to accept mobile payments online and in-person.

A free credit card swiper can be tempting for small businesses, but some are better than others. Check out our rundown of the best free card readers.

ACH Payments and wire transfers each have their uses. If you wish to send or receive smaller payments that can be scheduled and paid out automatically, ACH is likely the way to go. However, if you have larger, one-time transfers that are time-sensitive, then wire transfer is pretty much your only choice.

Not accepting credit cards simplies some aspects of running a business, but can a cash-only business really succeed? And how does it affect your overall business? Take a closer look at what going cash-only really means for you.

When it comes to payment processing, security matters. After all, every time you handle a credit card, your customer is trusting you with their financial information. By now, you have probably come across the term PCI compliance on your monthly processing statements, and you know it’s a data-security related term. A little digging on the […]

We’ve all done it–scrolled to the bottom of a user’s agreement and clicked I Agree or signed a paper contract without looking through the many pages of small print. We know it’s wrong, but we’re busy and the print is so small…and we are thankfully often protected by consumer protection laws that work quietly in […]

As consumers, we all have a good understanding of the difference between a credit card and a debit card. For a credit card, we get a statement on a monthly basis, and we can pay off the entire balance or only a portion of the balance while paying interest on the rest. In other words, […]

Some credit card industry terms can seem innocuous or self-evident but are actually quite specific to how payment processing works. One such term is the merchant ID, which is often abbreviated as MID. It is also sometimes just called a merchant number. Not every merchant who accepts credit cards has an MID, but for those […]

If you have a Visa or Mastercard, then you already have an intuitive understanding of what an issuing bank is. It is the bank whose name is on the card, alongside the Visa or Mastercard brand. It is the bank where you applied for the card, the bank that sends you a bill each month, […]