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…
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
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.…
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…
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 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…
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…
Merchant Account vs Business Bank Account: What's the Difference?
Merchant accounts and business bank accounts are often perceived as the same thing, but they're not. If you own a business, you probably already know…
How to Accept Credit Card Payments Without a Merchant Account
With over one billion credit cards in use in the United States, it's safe to say that business owners who don't accept card payments are…
What Is a VAR Sheet & Why Do You Need One?
Within the payments industry, VAR sheets are of extreme importance. These documents carry all of the information regarding your merchant account and communicate said information…
What Is a Merchant Service Provider and How Do They Work?
If you operate an online or physical storefront, it is increasingly important to have a merchant service provider to process credit card payments. In fact,…
