Blog Posts | Page 54

PayPal Credit is a line of credit issued by Synchrony Bank. Approved PayPal users can use this virtual line of credit which functions similarly to a credit card, letting you pay for online purchases in installments rather than upfront in full. Wondering if you should sign up for PayPal Credit? Learn what you need to know about its terms, fees, and how it works here.

AVS is an acronym for the Address Verification Service, a feature that’s used to compare the address given to you by your customer and the billing address on file with the cardholder’s issuing bank. AVS serves two primary functions: (1) to deter fraud by confirming that the customer is the legitimate cardholder, and (2) to help prevent chargebacks by giving you additional information to verify your customer’s identity. Read on for more info.

If you’re a budding eCommerce entrepreneur, it’s critical you understand that the higher risk of fraud for online payments is the primary factor in making the credit card processing rates for this type of transaction significantly higher than for card-present transactions in a brick-and-mortar setting.

Want to start an online boutique? Not sure where to start, or how to get funding? Learn everything you need to know here!

Same-day deposits are nearly identical to Square’s Instant Transfer feature. It comes with the same notice that some may have limits, and you may start out with a smaller transfer amount per day and work your way up.

It’s perfectly reasonable to use a personal credit card to cover business expenses. Make sure you avoid taking a personal financial hit when charging business expenses to your personal credit card.

Square and PayPal offer powerful software for small businesses, plus affordable pricing and no long-term contracts. Check out our comparison to see how they compare in terms of features, pricing, user reviews, and more!

A cross border fee is a credit card processing fee charged whenever a merchant in one country (e.g., the US) accepts payment from a customer whose card originates from another country (e.g., Mexico). Cross-border fees are fixed, non-negotiable fees set by card networks.

The best payment gateway for eCommerce is the one that plays nicely with your payment processor. Authorize.Net is popular for a reason, though we’d recommend getting it through a merchant services provider rather than signing up directly.

Square’s phone customer service hours are from 6 am to 6 pm Pacific time, Monday through Friday. Note that with higher paid subscription tiers, like Square for Restaurants Pro, you have access to Square’s phone support 24/7. Getting a human isn’t always simple, however, as the system will often try and funnel you through its live chat option. If you do have a very specific question and you are two-step verified, you can generally reach someone within a few minutes during business hours or opt to receive a call back. Square has also largely done away with its customer code system for receiving support.