Credit Card Processing
How Much Does It Cost to Start a Small Business?
For many, the idea of starting a business is exciting. The dreams of being your own boss and doing what you love all day long is worth pursuing. As many successful entrepreneurs will agree, making a business plan is the most effective way to starting a successful business. Understanding the true costs of running your
The Pros and Cons of Accepting Credit Cards
If your small business is not Accepting Credit Cards, you could be losing out on a great deal of revenue. Expanding the ability for your customers to purchase products can provide many tangible benefits. Yet, many small businesses are afraid to step into the credit/debit card processing arena. Many feel intimidated and overwhelmed when signing
How to Find the Best Point of Sale System for Your Business
A Point of Sale system is also sometimes referred to as a POS system and is found in most business brick and mortar locations. It is the hardware and software systems that work together to accept payment for products and services purchased in your business establishment. There are hundreds of Point of Sale systems to
How the Address Verification System (AVS) Works
The Address Verification System (AVS) is a system used by financial institutions, sponsoring banks, and payment processors to help prevent fraudulent credit and debit card purchases. When Card Not Present Transactions are processed through the payment gateway, the issuing bank will request the billing address of the cardholder. This information is typically stored on the
Ecommerce Online Payment Processing with a Merchant Account
The Internet provides so many opportunities for consumers to quickly find what they need. So many of your favorite big brands are easily accessible online. This means that you can do most of your eCommerce shopping from the comfort of your home 24 hours a day 7 days a week. However, in a recent study,
Why do I need a Secured Payment Gateway?
What is a Secure Payment Gateway? In today’s competitive online business environment, the ability to accept payments online is essential for merchants. This is made possible by a Secure Payment Gateway. The Secure Payment Gateway handles electronic exchanges between customers, vendors, and each of their respective financial institutions. Review our robust API by setting up
EFT and ACH Transactions – What Are They?
Banking in the Internet Age It’s a popular expression: “Money is a medium of exchange.” And nothing could be more true. Since its earliest days, the mission of currency and banking institutions has been to support the exchange of goods and services. The ability to access one’s bank, a relatively simple thing, once depended on
What is a Chargeback?
What is a Chargeback? Put simply, a chargeback is a reversal of a credit-card transaction. Chargebacks can occur for many reasons. But regardless of the reason, a chargeback means that a merchant ends up providing a product or service for free. In addition, the merchant is usually required to pay additional fees in the form
What is a Holdback?
What is a Holdback and how to prevent it? Any business venture involves risk. While the nature of business itself tends to be connection and community, not all businesses are created equal. Some hard-to-place merchant accounts are at higher risk than others. Businesses deemed higher risk are noted for having certain features in common with
