Credit Card Processing Blog Posts | Page 15

The EMV liability shift is well underway and customers have started dipping those cards. At this point, most small business owners are probably wondering why the heck everybody is talking about chip-and-PIN cards when everybody seems to be using chip-and-signature. What’s the difference between chip-and-PIN and chip-and-signature cards?  Back Up a Minute. Let’s go over […]

Are you on the hunt for the best credit card processors for your small business and want to understand the fees? Credit card processing fees are hard to understand, but we don’t think they should be, so we set out with the goal of creating the most easy-to-digest and visually appealing infographic on the subject: […]

Can you buy a used Clover POS? Absolutely! Should you? No! While you can certainly find a used Clover POS system for sale on eBay or Amazon, it’s never a good idea to buy one. Used Clover POS are not reprogrammable and new systems are always sold with a merchant services contract — which you should never enter lightly.

One of the most confusing billing methods in the credit card processing industry today is the billback (BB) method. Chances are, you don’t even know what it is. What’s worse is that billback spawned an offspring called enhanced billback (EBB), which is even more complex than the original.

If you are getting ready to choose a new credit card processor and even suspect that the company you are choosing is sneaking in these types of bogus charges, run away fast and find a reputable company that won’t take advantage of you. Better yet, carry yourself to your attorney’s office for a professional legal review of any contract before you sign it. You could save yourself and your business thousands of dollars and years of frustration in the long run.

If you’ve been turned down for a merchant account because of bad credit, don’t panic. Here’s what you need to know about what role credit scores play in payment processing, plus the best ways to get a merchant account for your small business.

If you accept credit card payments, at some point you’re going to encounter the term “rolling reserve” — read on to find out what a reserve fund is, how likely you are to face one, and how to keep your business afloat in the worst-case scenario.