Credit Card Processing Blog Posts | Page 8

What is PCI compliance? What does it mean? Is it mandatory for businesses? Arming yourself with a basic understanding of PCI can help you navigate a lot more than you think when it comes to choosing the payment processor, merchant account, or outside payment security specialists you may need. Here’s what you need to know about all things PCI-related.

If you’ve been reading about credit card processing, there’s a decent chance you’ve come across the term payment service provider (or PSP). While “payment service provider” may be used interchangeably with terms like “merchant account” or “payment processor,” it actually refers to a specific type of payment service.

Credit card tokenization involves the use of systems that replace credit card information with random letters and numbers. Ready to learn more about tokenization and how it can keep your business — and your customers — from falling prey to cybercrime and fraud? Read on to discover what a token is and how tokenized payments work.

Text payments offer potential growth for many other types of businesses, too. Pizza shops, salons, or any business that has ‘regulars’ could benefit from text payments.

There’s no one-size-fits-all answer to the question of whether debit card merchant fees are worth the cost, but for the majority of retailers, the answer will probably be yes. Due to a combination of regulation and fraud protection, debit card transactions are frequently cheaper for merchants to process than credit cards.

Both Stripe and Square offer powerful, full-service third-party payment processing APIs. Square has a pretty clear edge when it comes to processing in-person payments and being ready to go right out of the box. Stripe’s robust multicurrency and payment method support, on the other hand, can give it an edge in international eCommerce. Read on for a full comparison.

Square’s reader comes free when you sign up for Square point of sale only accepts magstripe payments, while Square contactless and chip reader takes chip and contactless payments and can also accept Google Pay and Apple Pay.

Are you curious about how much Stripe costs, and what makes it different from other processors? In this post, you’ll learn about Stripe fees and features, so you can find out if this is the right fit for your small business.

If you’re new to the world of credit and debit card processing, you may be wondering what interchange fees are and how they impact the cost of processing transactions and maintaining a merchant account for your business. We’ll also show you how these fees fit into each of the different processing rate plans that your merchant account might use.

Square offers several time-saving benefits for small business owners looking to start processing payments, including no credit checks, a free magstripe reader to get you started, and a free Square POS app that enables you to start taking credit card payments right away.