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What is an Address Verification Service Accepting online transactions bring in bigger opportunities for small and new businesses. It attracts more customers due to its convenience and secured payments. Using an internet merchant account or payment gateway can cost more, but the revenue growth more than makes up for it. With all these fees you…
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What Is A High Risk Merchant Account?
High Risk Merchant Accounts: 5 Things To Know Understanding what makes a merchant account high risk can help merchants be prepared. Many factors figure into the determination of a business's risk. Not all banks and payment processors will accept all merchants either. There are payment processors and acquiring banks that specialize in high risk merchant…
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How eCheck Payment Processing Works
Owning a business is faced with a variety of payment options. One of the oldest forms of payment after currency are checks. Today, many merchants have opted to offer echeck payment services, also known as electronic checks, to their customers. While not as widely accepted as credit or debit cards, echecks have been steadily growing…
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Credit Card Processing Fees
Credit Card Processing Fees: The Complete Guide for Small Businesses Small businesses are getting popular these days, and it comes with technicalities and other requirements to manage it. One of these complexities would be the credit card fees (for merchants) or commonly known as credit card processing fees. Here we will help merchants understand fee…
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How to Start A Credit Card Processing Company
Guide on How to Start A Credit Card Processing Company Whether agents are looking to learn how to sell merchant services or how to start a credit card processing company, payment processing can be a very profitable business. Credit cards have been around for decades and more and more people each year use it as…
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High Risk Merchant Account with Instant Approval
High Risk Merchant Account with Instant Approval [No Credit Check] Credit and debit card payments used to be a luxury back in the day. In the recent years, card payments became a necessity to most businesses with online platforms. To enable this in your commerce, you would need a merchant account to process funds. Merchant…
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Merchant ID Number
Complete Guide to Merchant ID (MID) Number Lookup Payment processing is not just about your usual payment transfers. It also includes other transactions such as refunds, rebills, and chargebacks between you, your acquiring and issuing bank, and your customers. In every transaction that occurs in your account, your merchant ID number is used. It is…
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ACH Payment Guide
ACH Payment Guide You might not know it, but ACH payments have almost certainly served you somewhere, sometime in your everyday life. When your hard-earned salary has been automatically deposited to your bank account on payday, that’s the work of an ACH. Conceptualized in the late 1960s in the United States, ACH, or Automated Clearing…
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What is a Chargeback?
Credit Card and Bank Chargebacks Explained: Why They Happen and How You Can Fight Back A chargeback is defined as the act of reversing a payment and returning funds to a customer. At first glance, a credit card chargeback may seem like traditional refund, but there is one crucial difference. Rather than reaching out to…
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Difference Between Acquiring Banks and Issuing Banks
Difference between Acquiring Banks and Issuing Banks What is an acquiring bank, and what is its role in the eCommerce payment process? Furthermore, you might also want to know more about its counterpart, the issuing bank. Understanding the differences between acquiring banks and issuing banks is important for merchants. So, read on to learn more…
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EMV Chip Card
Frequently Asked Questions on EMV Chip Cards EMV is a form of standard smart payment which initially started in the late 1960s to 1970s. In the latest years, it has replaced the old chip and pin credit cards. The rising number of unauthorized transactions, card theft, and fraud have led to the wide use of…
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What is an eCheck?
What is an eCheck? Electronic check, or echecks, are one of the best conveniences of modern-day banking. Aside from doing away with the wasteful and traditional check processing, using an e check is faster and made even more secure with top-of-the line risk management systems in place. Did you know that the majority in the…
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Apply for an Online Pharmacy Merchant Account
The Complete Guide to Online Pharmacy Accounts: How Does It Work? The pharmaceutical industry has adapted to the latest tech innovations in recent years. These days, patients can purchase their medication without visiting stores physically. The birth of online pharmacies has created flourished by providing convenience for customers. Merchants have experienced tremendous demand for pharma…
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Firearm Friendly Credit Card Processing
Firearm Friendly Credit Card Processing Services Find the right firearms merchant account provider and payment processor in this guide. Read on and connect to a firearms friendly credit card processing service in no time A firearm friendly credit card processing service can be hard to find, given their high-risk status of the business. Once a…
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Top 15 High Risk Merchant Industries
High risk merchants looking for a payment processor need to know the factors that tag them as ‘high-risk’. The next step is to look for the right payment service provider that will easily approve them for a high risk merchant account. Here are the 15 largest high risk industries that need payment processing. Each industry…
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