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…
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 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,…
Signature Panel Code: What Is it and How Does it Work?
You may have seen the signature panel code as a three or four-digit number on your credit card. This code is used as an extra…
How to Accept Payments Online, In Person & Over the Phone
Accepting payments forms the foundation of your revenue, no matter what type of business you run. While cash and check payments dominated the payment space…
What Is a Merchant Account & How Does It Work? The Ultimate Guide
A merchant account is a particular type of bank account that business owners must establish in order to accept payments. Currently, consumers' most preferred payment…
How to Handle a Credit Card Processing Outage
Typically, a credit card processing outage is a rare occurrence. Most days credit card processing is smooth sailing. But on occasion, your power goes out,…
ASV Scanning: What Are PCI Compliance Vendors?
Finding an Approved Scanning Vendor (ASV) is essential for businesses accepting credit card payments. While businesses must accept card payments in order to remain competitive…
Issuing Bank vs. Acquiring Bank: What's the Difference?
Issuing banks and acquiring banks both play an important role when your customer uses a credit card to make a purchase at your business. While…
