Merchant Account Glossary Terms
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
PCI Compliance Guide
| April 13, 2016
If you own a merchant account, then it is most likely you are familiar with the term “PCI Compliance.” It is also just as likely that you may not know exactly what PCI compliance has to do with your business and why we created this easy to understand PCI Compliance Guide. What is PCI Compliance?
How the Address Verification System (AVS) Works
| April 4, 2016
The Address Verification System (AVS) is a system used by financial institutions, sponsoring banks and payment processor’s 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 card holder. This information is typically stored on
How the Automated Clearing House Network (ACH) Function
| March 25, 2016
The use of credit/debit card processing has skyrocketed over the last decade. Accepting credit and debit cards through mobile phones, tablets and computers has made it extremely convenient for businesses to offer payment processing services saving them time and money. One of these services is the Automated Clearing House Network. The Automated Clearing House Network (ACH)