As online shopping continues to get more ubiquitous, payment APIs have become an essential part of the transaction experience. These tools allow merchants to process transactions safely and quickly while offering a smooth experience for the customers. If you want to know more about payment APIs, here’s how they work and how to select one for your business. What Are…
As the adage says, very few things in life truly come for free. Even something called “no-fee” credit card processing has a cost attached to it, but the promise alone still gets the attention of merchants. If you’re not sure what that cost is, read on to learn more about no-fee processing, the legalities of this practice, and whether you…
Time to Upgrade Your Credit Card Terminal
In this digital age, accepting online payments safely should be a priority for any small business. Unfortunately, this isn’t the case, as evidenced by recent studies showing that 58% of customers fail to complete an online transaction due to security concerns. Since most small businesses are operating with lower margins, this can have a major effect on their bottom line.…
The U.S. credit card industry gets bigger every day, but there are still a few factors preventing it from reaching its full potential. One key factor is the prevalence of fraud. Studies show that credit card fraud and other forms of identity theft costs businesses $16 billion per year. In an attempt to limit the risk of credit card fraud,…
If there’s one recent event that has transformed the payment processing industry, it’s the switch to wireless credit card processing. With more and more consumers trying to pay via contactless methods, accepting payments on the go is now a must-have feature for many merchants. Does all this terminology around wireless technology seem a bit overwhelming? If so, here’s a brief…
Every small business owner is always on the lookout for additional ways to save money and protect their business from fraud. One common strategy that can help you do that is to lower your credit card processing fees by utilizing level 2 and level 3 processing. If you’re not sure what these terms describe, read on to learn more about…
Does your business process debit card transactions? If the answer is yes, you likely know that your debit card processing fees can differ based on your processing method. In most cases, the main difference comes down to whether you allow signature debit or PIN debit cards. Read on to learn more about signature vs. PIN debit and how they impact…
If you’re a retail business looking to accept card-present transactions, the very first thing you’ll need is a credit card machine. Though these devices tend to be fairly basic, there are still a few options you’ll need to consider if you want to find the right fit for your needs. Here are the three main factors that may influence your…
Here are the main things you should know about merchant accounts, payment service providers, and what sets them apart.