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Credit Card Processing Blog Posts | Page 22

MCC 7995

What New MCCs Mean For Online Gambling Sites

Any online gambling site is likely familiar with the problem of the 7995 — the merchant category code (MCC) that has been associated with gambling transactions since the days when all online gambling was banned. Now, with New Jersey, Nevada and Delaware allowing it to various degrees, the lack of distinction has been a problem for […]

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Mar 6, 2020 Filed under: Credit Card Processing 0

Is Your POS System Secure?

Watch out, merchants: Dubbed “PoSeidon” by Cisco Security Solutions, this malware is a new type of trojan that specifically targets POS (point of sale) systems, nabbing the credit card information of your unsuspecting customers. Cisco stated in a March 2015 report that POS malware attacks are on the rise, affecting businesses both large and small. […]

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Jan 9, 2020 Filed under: Credit Card Processing, PCI Compliance, Point of Sale 0

Square VS Flint

While some mobile processing apps focus solely on card-present transactions (like Spark Pay (see our review) and PayAnywhere (see our review)), others, like Flint and Square, also offer online selling tools to supplement in-person payment options. If you do any kind of e-commerce, Flint (see our review) and Square (see our review) are both solid payment processing services, […]

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Jul 6, 2019 Filed under: Credit Card Processing, eCommerce, Mobile Payments 3
EMV terminal

FAQ For Buying An EMV Chip Card Terminal

After the recent EMV liability shift, you’re probably finding yourself staring at your old credit card machine, wondering if it will make a good paper weight, and worrying about the cost of buying a new machine. Lucky for you, the transition doesn’t have to be an expensive one, but it pays to be educated as you […]

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Feb 16, 2015 Filed under: Credit Card Processing 57
how to open tech support company in india

Opening A Tech Support Merchant Account In India

Setting up a tech support company in India (or anywhere) comes with a host of challenges, some obvious, others less so. One obstacle you may not have accounted for is the difficulty finding a merchant account provider for the business. Instead of trying to find the lowest rates possible, you probably found yourself stuck searching for […]

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Mar 30, 2020 Filed under: Credit Card Processing 24

The 5 Most Hated Words & Phrases In Payment Processing

After browsing hundreds of pages of payment processing contracts and sales information, and having heard from hundreds of confused and frustrated merchants, there are some choice words that really grind my gears. These words and phrases are commonly used in the payments industry, and most new business owners (and some seasoned owners) get thrown off […]

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Aug 14, 2019 Filed under: Credit Card Processing 1
Visa FANF

What The FANF Is Visa Charging You?!

Some fees are avoidable – and some aren’t. When choosing and working with a payment service provider, you need to be able to figure out which fees they charge to make profit, and which are actually coming from the credit card networks. So where does the Visa FANF fee fit into all this? In our […]

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Aug 14, 2019 Filed under: Credit Card Processing 3
enhanced billing merchant services

Billback & Enhanced Billback…Buyer Beware

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 itself an offspring called enhanced billback (EBB), which is even more complex than the original. To add even more confusion, the […]

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Jan 25, 2013 Filed under: Credit Card Processing 15
visa downgrades, mastercard downgrades

What Are “Downgrades” & How Much Are They Costing You?

As a business owner – whether of a retail establishment or an online store – you know that credit card processing fees eat into a big slice of your profits. Just glancing at your merchant account statement each month could send you into a dizzying spin of frustration – especially when you see those outrageous Mastercard and Visa downgrade fees costing […]

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Mar 30, 2020 Filed under: Credit Card Processing 0

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We Recommend Donorbox 🏆

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PPP & EIDL Are Not Your Only Options

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We Recommend Square POS 🏆

Square POS is one of our top picks for Point of Sale!

 

 

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