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…
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
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…
What is Interchange Optimization? Discover How it Helps You Save Money
If you accept credit card payments then you can’t really avoid the fees that come with payment processing. However, through interchange optimization, you can cut…
Merchant Statement: A Guide on How to Read a Merchant Processing Statement
Merchant statements can be overwhelming. This article includes a guide that identifies the various aspects of a merchant statement, such as identifying information, price models,…
What is a Rolling Reserve and How Does it Affect Your Business?
Rolling reserves are a type of risk mitigation set forth by the processor to account for any losses they may incur from merchant processing activity.…
BIN Checker: The Ultimate Guide to Bank Identification Numbers
If you're a merchant who deals with credit card processing, it's hard to know what type of card someone has without understanding the bank identification…
What Is a Virtual Terminal for Processing Credit Cards?
If you're in the business of credit card processing, then you might be familiar with the term virtual terminal. What exactly does it mean? In…
Interchange Fees Explained: Definition, Rates, and Common Questions
If you're shopping for a merchant service provider that will help you process credit cards, you'll undoubtedly come across interchange fees. Interchange rates are a…
CVV Code: What It Is and How to Find It
If your business accepts credit card payments, it's important to understand relevant security measures like CVV codes. Credit card companies include a range of security…
