Credit Card Processing Blog Posts | Page 13

Cashless stores are becoming a hot trend in the retail world as both technology and public health trends impact commerce. Consumers are carrying less cash these days, and digital, cashless payment technologies are becoming more prevalent. Keep reading to learn about the best cashless payment solutions that make it easy for your business to go cash-free.

More and more, and especially with the younger crowd, people just don’t carry cash anymore. To do business at all, small businesses need to be able to take some sort of payment card, be it debit or credit. Taking credit card payments can get expensive and complicated, but we’re here to help break it down for you.

This article will discuss PCI compliance, why it’s important, and how your merchant services provider treats it. We’ll look at the numerous ways in which providers charge (or don’t charge) for PCI compliance services and what kind of services you’ll receive. We’ll also discuss the dreaded PCI non-compliance fee and how you can avoid ever having to pay it.

Shopify and Square both provide POS systems, but their full range of services offered encompasses so much more. In this article, we’ll be exploring these two companies, comparing their respective features, pricing, ease of use, customer support, integrations, and more.

Stripe and Braintree are both powerhouse gateways and online payment processors. They even have many similar features. But the overall experience with these two companies is very different, and here’s what you need to know.

Paying for purchases has become a lot more complicated in the modern world than it used to be. In this article, we’ll review the various payment methods you’ll want to be able to accept as well as explain how those payment methods are processed so that you can receive your money.

Payment service providers (PSPs) streamline the process of obtaining credit card processing services by aggregating all users into a single merchant account. This eliminates the need for a lengthy underwriting process before a merchant can be approved for an account, but also increases the chance of a hold, freeze, or account termination. Your business will not receive a unique merchant ID number if you sign up with a payment service provider. Well-known PSPs include Square, PayPal, and Stripe.

You are swearing First Data off forever, so it’s never getting another cent from you. You want options. We have good news — you do have options. These processors are almost as large as First Data, which means they might also not be easy to work with either. Fortunately, they also work with a lot of very good resellers that provide an excellent customer experience.

With so many payment processors available, how do you pick the one that’s right for you? We at Merchant Maverick believe that the best processor for one type of business is not always the best for another type of business. In this article, we’ll highlight a few great processors for just the retail sector, so at least you have a good place to start in your search.

With interchange++ pricing, your transaction statement will include three elements for each transaction: the interchange fee paid to the issuing bank, the card association fee paid to the card brand (e.g., Visa, Mastercard, etc.), and the processor’s markup fees. Note that card association fees are typically very low and do not constitute a significant portion of your credit/debit card processing fees.