What is a MID? Merchant Identification Numbers Explained
If your business accepts credit card and debit card payments, you may be overwhelmed with the numerous terms associated with payment processing. While it might…
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 EBT Payments at Your Store
As a way to simplify payments made with Supplemental Nutrition Assistance Program (SNAP) benefits, the government created the Electronic Benefit Transfer (EBT) program. Through it,…
What is Batch Processing and How Do Batch Transactions Work?
If you process credit card payments, you've likely heard of two types of credit card transactions: batch transactions and real-time transactions. While both are suitable…
What is a Payment Service Provider or PSP?
When you decide to start a new business, there are many details to figure out. From setting up a website to sourcing products to finding…
How Can Level 2 & Level 3 Credit Card Processing Help Your Small Business?
If you’re looking for additional ways to save your business money and protect your business from fraud, you may have stumbled upon the term "level…
Merchant Category Codes: Why They Matter to Your Business
What Is a Merchant Category Code (MCC)? A merchant category code, or MCC, is a four-digit number that credit card companies use to identify the…
Credit Card Issuers & Card Networks: Understanding Key Differences
The various terms, options, and even company names on credit cards can be downright confusing to the average business owner and cardholder. While you may…
Payment Gateway vs Merchant Account: Understanding the Differences
The business world is full of terminology, much of which may be difficult to understand at first. While many business terms can feel intimidating, it's…
Payment Gateway vs Payment Processor: What is the Difference?
We’ll be looking at online payments, specifically, comparing payment gateway vs payment processor to highlight the differences. Once you can distinguish between the terms you’re…
What is EMV and How Do Credit Card Chips Work?
EMV cards have advanced payment processing and reduced fraud. While the credit card chip is not a silver bullet for combating fraud, it does provide…
