Merchant Account Glossary Terms
Credit Card Processing | How to Calculate Basis Points
| July 8, 2021
Occasionally, a lot of effort must be put into negotiating with a credit card processor if you are looking for the best overall deal. Price should never be the most important factor. However, understanding the units of measure used to determine what you pay is of utmost importance. Learn how to calculate basis points and
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
Credit Card Brand Fees & Credit Card Fees
| September 28, 2020
Processing credit card transactions for your online business involves overcoming numerous obstacles. You must maintain good records, provide solid customer service and be prepared to deal with the challenges posed by fraud, theft and chargebacks. You must also be able to understand your payment processing fees. Understand payment processing fees in general and the difference
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
What You Pay for a High-Risk Merchant Account: Fees, Rates, Reserves & More!
| May 31, 2019
Many businesses may seem totally safe and uncomplicated to you and me. However, some of these businesses can often be considered a High-Risk business type by sponsoring banks and credit card processing companies. Learn the ins and outs of High-Risk Merchant Account Rates & Fees. Learn why a chargeback can be your worst enemy. High-Risk
What is Micros аnd How Dоеѕ It Integrate with Poynt?
| August 24, 2017
When discussing Micros аnd How It Integrates with Poynt, we need to focus a bit on some history merchant processing history. MICROS-Rеtаil, thе retail solutions division оf MICROS Systems Inс., is thе lеаding provider оf соmрrеhеnѕivе, bеѕt in сlаѕѕ ѕоlutiоnѕ fоr the wоrldwidе retail аnd dirесt mаrkеtѕ, enabling mеrсhаntѕ tо deliver оn thе сuѕtоmеr еxреriеnсе
All About a Terms and Conditions Page for Your Online Store
| May 10, 2016
If you have any experience with building an online store, then you are most likely familiar with a Terms and Conditions page. Whether you are a small business selling a few products online or a large corporation with multiple websites, a Terms and Conditions statement gives your customers rules to follow when using your website.
All About a Merchant Account Privacy Policy
| May 3, 2016
If you have applied for an online merchant account, you have most likely been asked to submit a website privacy policy to your Merchant Account Provider. It surprises many of our customers when they learn that a privacy policy is one of the required documents that must be on the website before they can receive
What are Merchant Account Basis Points?
| April 27, 2016
Credit card processing can often be a complicated system of many different card types, interchange pricing, interchange fees, percentage rates and basis points. In the article below we specifically focus on basis points, also referred to as BPS or Basis Point Percentage. Let us show you how merchant account fees are calculated using basis points.
All About Merchant Account Underwriting
| April 19, 2016
In order for your small business to process credit cards, most merchant account providers will have you go through a fairly detailed merchant account underwriting and application process. This will help to determine the type of risk factors your small business may pose to the merchant service provider and sponsoring bank. Learn what it takes