Credit Card Processing Blog Posts | Page 7

This article will explain the four PCI merchant risk levels and show you how to figure out which one applies to your business. Don’t worry — it’s really very easy! We’ll also review the various requirements that apply to each of these levels.

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.

To avoid merchant processing agreement auto-renewals be sure to read your merchant processing agreement before signing. It’s possible to negotiate an auto-renewal clause out of your merchant agreement. Additionally, you may consider merchant service providers with month-to-month or pay-as-you go billing options.

Square’s business model is to be many things to many different types of businesses, but at its core, it is a solution to help businesses manage how they process payments from transactions both online and in-person. In this post, we’ll answer all of your most basic questions about Square for small business, including how Square works.

Tired of telling customers, “Sorry, cash only”? With a credit card reader, you can take payments almost anywhere, access customers who only carry cards, and even get paid faster. Check out the best mobile card readers for small businesses.

Whether you run a service business that mostly interacts with clients over the phone, a retail or restaurant business that regularly takes phone orders, or you just want to offer your customers more ways of settling billing with you, a virtual terminal may be a savvy choice.

In recent years, charitable contributions online and crowdfunding have become extremely popular. At the heart of online donations is a way to take money, which means payment cards, ACH/bank transfers, and similar. We’ve gathered a few highly-rated tools that can help you design and manage a fundraising campaign.

In this article, we’ll review the laws and agreements that govern setting a minimum amount on credit and debit card transactions. We’ll also discuss the pros and cons of doing so, even in situations where it’s perfectly legal. After all, you don’t want to risk losing sales when customers either can’t or don’t want to buy enough items to meet your required minimum. Finally, we’ll review the differences between setting a minimum purchase requirement on credit card and debit card transactions.

This post aims to clarify any confusion regarding why and how a CVV (or CVV2, CVC, or CID) number is vital for your small business. Because payment companies mandate all merchants to collect the credit card CVV code during online or manual card entry, you’ll need to find a payment processing company that’s up to date with the latest policies.

A credit card refund fee is a penalty fee on refunded transactions and are charged by credit card processing companies. In most cases, merchants will not have to pay a credit card refund fee, but they will not be refunded the processing costs they paid during the initial transaction.