Author Page for Hsin-Wei Luang | Page 2

Hsin-Wei Luang

Hsin-Wei Luang

Hsin-Wei is a freelance writer focused on small business and technology writing. Before becoming a writer, she worked as a techie lawyer for many years until she came to her senses. Now, in her spare time, she plays frisbee with her Mini Australian Shepherd dog.

Does Your Merchant Account Have An Early Termination Fee?

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 […]

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Apr 7, 2020 Filed under: Credit Card Processing

What Is An Issuing Bank?

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, […]

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Jul 22, 2019 Filed under: Credit Card Processing, Small Business

What Is A Convenience Fee & Can You Charge One To Your Customers?

A convenience fee is an amount you add to the purchase price; the customer pays this fee in return for being able to use a more convenient payment method. The important thing to remember is that the customer must always have the choice to use another standard method of payment that does not require the added convenience fee. The fee isn’t technically related to taking credit cards. It is meant to help the merchant recoup the added cost for setting up a new payment channel.

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Jun 17, 2020 Filed under: Credit Card Processing

What Is a Digital Wallet? Everything You Need To Know About Digital, Mobile & Electronic Wallets

A digital wallet is an electronic method for securely storing various types of sensitive information, including credit cards, debit cards, gift cards, electronic cash, tickets, and IDs. Not every wallet stores every type of payment information. While terms such as digital wallet, mobile wallet, and e-wallet all mean roughly the same thing, they technically cover slightly different services.

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Nov 2, 2020 Filed under: Digital Wallets and Alternative Payments

The Complete eCheck Payment Guide

These days, electronic payments continue to gain prominence. eCheck payments offer several distinct advantages over not just traditional paper check payments but also credit/debit card payments. In fact, many businesses can’t really afford not to offer echeck payment acceptance as an option.

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Oct 5, 2020 Filed under: ACH and Check Processing

The Complete Guide To Card Brand Fees For Merchant Accounts

Credit card associations, like Visa, Mastercard, American Express, and Discover, charge fees for their services every time a credit card is used. If you take credit cards, then card association fees are a necessary evil, since these fees comprise a part of wholesale fees you have to pay in order to take credit card payments. Here’s everything small businesses need to know about card brand fees.

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Feb 28, 2020 Filed under: Credit Card Processing

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