Merchant Account Glossary Terms
How Much is 40 Basis Points | Calculating Bps
| September 22, 2021
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
High Risk Merchant Account Providers | What to Know
| September 13, 2021
A merchant account is needed for businesses to accept and process card payments. However, businesses that are deemed high risk are not allowed to open traditional merchant accounts. High-Risk merchant account providers specialize in the approval of higher risk business types and high risk category merchants. High risk industries require a different approach when it
Basis Points Conversion for Credit Card Processing Rates
| September 6, 2021
Business owners have many things to worry about when it comes to successfully running a business. However, accepting credit card payments while truly understanding the costs associated with merchant services in general should be of significant importance. Learn how the basis points conversion calculation helps determine the actual percentage rate paid when accepting payments for
High-Risk Merchant Account Instant Approval: Is It Possible?
| August 20, 2021
When it comes to picking a payment processing provider, do not be swayed by claims that they can open your high risk merchant account instantly. A High-Risk merchant account instant approval does not exist. If you are looking to accept high-risk credit card payments, you will need to practice some patience as the amount of
High-Risk Merchant Processing Accounts for Businesses
| August 19, 2021
All business ventures come with an amount of risk; but some businesses pose a bigger risk than others. SecureGlobalPay high-risk merchant processing specializes in the approvals of high-risk category merchant types with high chargeback ratios. Businesses that pose a higher risk than others are usually businesses associated with a high percentage rate of chargebacks and
High-Risk Payment Processors and Chargebacks
| August 11, 2021
Choosing between one of the many high-risk payment processors can be a daunting task. However, taking your time and doing some research will pay enormous dividends. When ultimately deciding on the most capable credit card processor for your high-risk payment processing needs, make sure your acquirer fully understands your high-risk category and online business model.
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