Merchant Account Glossary Terms
Merchant Surcharge – What is It and How Does it Work?
Merchant surcharge rules are contentious and continue to be a source of debate in the United States. A merchant surcharge program allows for a convenience fee that a business may charge its customers in addition to the base price of an item or service when paying via credit cards and debit cards. Merchant surcharges are
Cash Discount Merchant Processing – Benefits and Savings
When you’re running a business, it can be difficult to know which strategies are going to help you sell more. Depending on your business type and the merchant services program you are looking for, a cash discount merchant processing might be an effective way to increase sales and reduce processing fees. Here we explain how
How to Read a Payment Processing Statement
The payment processing statement is perhaps the last thing you want to see when you spend your day owning or managing a business. Learn how to read your merchant card payment processing statement by identifying a few key components before requesting a statement analysis from your payment provider. Your merchant card processing statement is a
How Much Does It Cost to Process Credit Cards?
Partnering with a credit card processing company and payment services provider is a great option for growing your business and increasing revenues. However, when business owners first start thinking about accepting non-cash payments, the first question that comes to mind is, “how much does it cost to process credit cards?” What are the advatanges and
High-Risk Merchant Account | High-Risk Credit Card Processing
A high-risk merchant account is an account that is vulnerable to fraud and chargebacks. Payment processing companies arrive at this conclusion after looking at a number of factors which include the nature of business and financial history. A business that requires a high-risk merchant account and high-risk credit card processing service attracts plenty of risks.
Benefits of High-Risk Merchant Accounts
Many startups and small businesses will probably never hear of the term “high-risk merchant account” until their enterprises have been categorized as such. It can be confusing at first, and in some cases, it could feel like an unfair judgment against the products you offer, the services you provide, your business, or yourself. This is
High-Risk Merchant Account Authorize Net
Digital payments are on the rise with online payment platforms such as Paypal and Stripe seeing a massive increase in customer usage. However, according to research, most consumers still prefer traditional card services as their payment service provider. Even with online purchases dominating today’s marketplace, savvy entrepreneurs with hard-to-place business types use a high-risk merchant
High-Risk Merchant Account Credit Card Transactions
A high-risk merchant account refers to a payment processing account for enterprises deemed to be of high risk by financial institutions. High-risk businesses are more prone to fraud, refunds, and chargebacks and hence come with the requirement to pay higher fees for merchant services. Additionally, finding reliable high-risk merchant account credit card transactions services can
High-Risk Merchant Account Approval
A high-risk merchant account is a merchant account provided to a business that a payment service provider perceives to be at a greater risk of chargebacks and fraud. Payment processors make this decision based on several factors. These include the nature of the business, its location, and its financial history. If you require a high-risk
How Much is 40 Basis Points | Calculating Bps
Accepting credit card payments for your business comes as a cost. How much is 40 basis points? Read below and we’ll help you understand what you are paying in Bps processing fees when being charged interchange plus pricing for your merchant services. Pricing for merchant services can seem confusing. Merchants need to realize that getting