Credit Card Processing
How to Calculate Bps With Interchange Plus Pricing
| June 18, 2021
Understanding how pricing and payment processing works in the credit card industry can be very confusing. Learn how to convert basis points to a percentage rate and properly calculate bps when reviewing your merchant pricing. For business owners who have no on how idea on how to calculate basis points into a percentage rate, it
Deplatforming Payment Acceptance
| January 13, 2021
Deplatforming of Payment Acceptance – What it means to You! The internet and social media are the new ‘town square.’ Traditionally, the town square is the center of commerce and culture. These days, that is the internet super highway. Both online and retail business owners rely on this infrastructure to conduct commerce day in and day
Do Multiple Applications Hurt My Chances of Approval?
| November 18, 2020
Do multiple Applications hurt my chances of Approval? In a previous essay, we discussed the benefits of applying for and maintaining multiple merchant accounts. Multiple MID’s provide business owners with several advantages when it comes to payment processing. Having multiple merchant accounts can be the difference between successfully running an online high-risk business or absolute
Multiple Merchant Account Transaction Routing
| November 13, 2020
It is commonly known that having a solid payment processing gateway is essential to running any sort of online business. But what is becoming increasingly clear as both the internet and the current business climate evolve is that having multiple merchant accounts can be equally as important. Learn the benefits of multiple merchant transaction routing
What is a Multi-Merchant Payment Gateway?
| November 4, 2020
The ability to process payments is fundamental to any business. Merchants who are unable to process payments do not remain in business long. The ability to process payments online requires a live merchant account and a payment gateway. Merchant accounts can be difficult to obtain and can be suddenly closed down for a variety of
What to Do When Your Merchant Account is Declined
| October 2, 2020
Successfully operating your online business depends on a number of factors. Chief among these is an online merchant account. This is an essential component to accepting credit card and debit card payments online. Additionally, you must also be prepared to accept a variety of alternate payment methods, including gift cards, e-Checks and Crypto based payments.
Chargeback Protection: How to Prevent Disputes
| December 24, 2019
Each transaction involves a certain amount of risk. Purchasers often risk dissatisfaction or disappointment upon receiving a product or service. And merchants always risk the possibility of a customer dispute or fraud. Learn the fine art of Chargeback Protection and How to Prevent Disputes. This risk is not always dependent upon the type of business
Access Shopify Using an Alternate Merchant Account
| November 2, 2019
It is virtually impossible to conduct business in the Twenty-First Century without accessing the internet or without noticing someone selling on Shopify. Whether operating a digital storefront, messaging via e-mail or tracking inventory through a database, entrepreneurs benefit from the internet. Just as the online environment has affected business, so too has business affected the
Do I Need a Merchant Account to use Paypal?
| October 25, 2019
PayPal was the first to offer an alternative payment method for online sales back in 1998. Because users did not need a credit card to make purchases, it quickly became the favorite way to buy and sell for online auctions. eBay users drove its popularity in the early days and things just took off from
Do I Need a Merchant Account for Stripe?
| October 23, 2019
A merchant account, or merchant processing account to give it a better name, is the term most commonly used for accepting credit card payments similar but different to Stripe. Funds cannot be paid directly into a business’s bank account. Instead, they must first be processed through a merchant account before being paid via ach into