Merchant Account Glossary Terms
Level 2 and Level 3 Credit Card Processing for Business or Government
| March 7, 2016
SecureGlobalPay offers many different merchant account solutions for those who need processing for business-to-business and government-to-business credit and debit card accounts, including Level 2 and Level 3 Government Purchasing Cards. Credit card processing generally falls into three different categories: Level 1, Level 2, and Level 3. Each level designates how much information is needed in order…
Read MoreThe Basics on Merchant Account Fraud Prevention
| January 8, 2016
Learning to recognize suspicious or unusual activity ahead of time, is the best fraud prevention against online credit and/or debit card risk. We highly recommend that you be vigilant in checking your merchant account statements for possible fraud charges. If you notice any transaction that looks in any way suspicious, we ask that you contact…
Read MoreUnderstanding Merchant Account Fees
| December 29, 2015
Merchant Account Fees-What you need to know! As a merchant account provider, we are always looking for the best pricing solution for each of our customers. The pricing structure and Merchant Account Fees for all merchant accounts can vary wildly from person to person, and business to business. Here at SecureGlobalPay, we work hard to…
Read MoreTop Six Rookie Mistakes Made When Choosing a Merchant Account Provider
| December 22, 2015
Choosing a Merchant Account Provider and Representative that has your Best Interest at heart is key Choosing a Merchant Account Provider for all of your credit card processing needs can be a daunting task. It can seem like there are hundreds of Merchant Service Providers to choose from. When setting up a merchant account it…
Read MoreWhat You Should Know About Costly Downgrade Fees
| December 14, 2015
The term EIRF and/or Standard EIRF (SEIRF) are terms used by Visa and Mastercard to describe their “Electronic Interchange Reimbursement Fee” program. Sadly, this is not a program that will be reimbursing you, the merchant account owner, anytime soon. This is in fact, a fee that will be reimbursed to the bank that processes your…
Read MoreUnderstanding Credit Card Chargebacks and Fraud
| November 23, 2015 | 
Credit card chargebacks occur when a customer has a chargeback dispute and decides to question a charge on their credit card statement with their Credit Card Company or issuing bank. While chargebacks happen for a variety of reasons, the most common reason is that a customer no longer wants the service or product sold to…
Read MoreHow Does Credit Card Processing Work?
| November 9, 2015
Credit Card Processing For many small and large businesses, understanding the basics of setting up a credit card processing account can be an overwhelming and daunting task. Below we break down how credit card processing works and the various steps it takes to securely process a credit card. With these basic facts you will feel…
Read MoreWhy do I need a Secured Payment Gateway?
| August 26, 2015 | 
What is a Secured Payment Gateway? A Secured Payment Gateway is the Internet technology that handles the electronic interchange between customers, vendors, and each of their respective financial institutions. This gateway is the actual electronic medium where packets of information regarding payments are carried, thus the term – payment gateway. In the early days of…
Read MoreWhat is a Chargeback?
| August 20, 2015 | 
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…
Read More