If you’re a small business owner, you likely have some passing resemblance with MOTO payments. These payments have been around for a while, and their original purpose was to serve as an alternative payment method for people who were unable to visit the physical store. Despite the rise in online shopping, MOTO payments remain in use today. Can your business…
At this point, it’s fair to say that digital wallets proved to be more than a passing trend. Over half of all U.S. adults now use digital wallets more than traditional payment methods, such as cash, debit cards, and credit cards. This trend is particularly noticeable with younger consumers, who are twice as likely to use a digital wallet app…
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…