Credit Card Processing

Are you curious about how payment processing works and what exactly happens when a customer swipes a card? When it comes to operating a business in the modern world, understanding everything you need to know about processing credit cards and other types of payments is vital.

Not sure where to start? Build a solid foundation by learning about merchant accounts, payment gateways, and virtual terminals.

If you’re thinking of working with a payment service provider, check out our article on its pros and cons, and the alternative that may work better for your business.

An important aspect to consider when shopping around for the lowest credit card processing fees includes interchange fees vs flat-rate pricing. Contrary to popular belief, flat-rate pricing may not always be the best choice for your business.

Most Recent Credit Card Processing Articles

Authorize.net vs. PayPal: A Side-by-Side Comparison

Both Authorize.net and PayPal give your business the ability to accept online payments, and with global digital transaction volume exceeding $5 trillion annually in recent…

Hundred dollar bills on a yellow background

How to Prevent & Recover Failed Payments: Your Go-To Guide

When accepting payments, one of the most frustrating things you can encounter is a failed payment. This is especially true for businesses relying on eCommerce…

A credit card inserted into a terminal and showing a payment failed against a light blue background.

Payment Gateway vs Payment Aggregator: What's the Difference?

Two common terms in the payments industry are payment gateway and payment aggregator. For merchants looking for a payment solution, distinguishing the two is extremely…

A look inside software to represent a payment service provider vs a payment gateway.

Variable Recurring Payments: What You Need to Know for 2024 & Beyond

Variable recurring payments (VRPs) are rapidly gaining popularity as a flexible and secure way to facilitate payments. With research suggesting that US-based recurring payments will…

A calendar showing how variable recurring payments work in the banking system.

What Is a Transaction ID & How Can They Help Merchants?

A transaction ID is a unique identifier code assigned to each sale that takes place between a customer and a merchant. This identification number is…

A female merchant using a transaction ID lookup tool on their payment gateway interface to find a credit card payment.

How to Get a Merchant Account in 5 Simple Steps

Due to the requirement of a merchant account to process credit cards and the complexities of payment processing, accepting payments can be a daunting task.…

Credit cards on a yellow background ready to process after getting a merchant account.

What Is a Payment Gateway? A Comprehensive Guide for 2024

To be a competitive business in 2024, you must accept online payments, and to offer these payment methods through a secure, reliable mechanism, you must…

a purple computer keyboard with a yellow lock and key on it to represent a payment gateway

Breaking Free from Merchant Account Holds, Freezes, & Termination

The event of a merchant account hold, freeze, or termination can result in some nightmare situations for business owners: cash flow problems at best and…

merchant account money on hold in a hand against a yellow background

Merchant Account vs Payment Processor: Key Differences

The proper tools for accepting credit card payments are one and the same as the proper tools for business success. After all, over 40% of…

A business owner accepting a payment after resolving the great payment processor vs merchant account debate.

Stripe vs. Merchant Account: What's the Difference?

With more than 39 billion combined card transactions annually in the United States, businesses accepting credit cards can expect to generate more revenue than those…

three shopping carts against a green background as a merchant debates merchant account vs stripe
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