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Mobile Credit Card Processing: The Benefits of Letting Your Customers Pay at the Table

Mobile Credit Card Processing: The Benefits of Letting Your Customers Pay at the Table

If you operate a restaurant, chances are you’ve heard about pay-at-the-table technology. Pay-at-the-table systems benefit both your customers and business. They leverage the concept of contactless payment, which traditionally applies to in-person purchases made with a credit card that has an embedded microchip. This means the entire transaction can take place at the table in a single instance, and it limits contact in a post-COVID world. Benefits to Customers When … Continue reading “Mobile Credit Card Processing: The Benefits of Letting Your Customers Pay at the Table”

“High-Risk” Businesses and Credit Card Processing

“High-Risk” Businesses and Credit Card Processing

Many successful and vital businesses are told they are in a “high-risk category” when they apply for banking services and credit card processing. If you are involved in a startup or even have an established business and a good credit history, you may find you have trouble finding high-risk business credit card processing at a reasonable rate. What makes a business high risk, is there any way to change this … Continue reading ““High-Risk” Businesses and Credit Card Processing”

7 Common Small Business Payment Processing Challenges and How to Avoid Them

7 Common Small Business Payment Processing Challenges and How to Avoid Them

There’s no doubt that having the right payment processing systems can benefit your business in a multitude of ways. In fact, by simply installing the right systems, you can avoid many issues, including the following seven common payment challenges that every merchant faces. 1. Fraud Fraud accounts for billions of dollars being lost by U.S. business each year, and it’s on the rise. The good news is twofold: You can … Continue reading “7 Common Small Business Payment Processing Challenges and How to Avoid Them”

The Future of Virtual Terminals in the Cannabis Industry

The Future of Virtual Terminals in the Cannabis Industry

As medical and recreational cannabis has been legalized in many states, numerous products have come on the market. These include a wide range of profitable CBD products. A merchant account allows your business to accept credit card payments from customers who buy these, while a virtual terminal allows you to accept credit card information without having physical access to cards. This means you can sell your products online. However, many … Continue reading “The Future of Virtual Terminals in the Cannabis Industry”

Are There Advantages to Running Your Debit Card as Credit?

Are There Advantages to Running Your Debit Card as Credit?

Most of us use a debit card for everyday transactions, to avoid the hassle of checks and cash. Debit cards that have a credit network logo like Visa, MasterCard, and American Express typically allow customers to pay using either the debit or credit option at checkout. What are the differences for the customer and the business that accepts these payments? What Are the Differences Between Choosing Credit or Debit? There … Continue reading “Are There Advantages to Running Your Debit Card as Credit?”

POS 101: The Basics of POS Systems

POS 101: The Basics of POS Systems

Point of sale or POS systems allow business owners to accept payments from customers. What follows is an explanation of POS systems, how they work, their benefits to merchants, and more. What Is a POS System? A point of sale system allows retail businesses to accept credit, debit, and other forms of payment. These systems also record information about a retail store. Components of Retail POS Solutions Modern POS systems … Continue reading “POS 101: The Basics of POS Systems”

A Guide to PCI Compliance

A Guide to PCI Compliance

Businesses that accept customer credit card payments are required to follow payment card industry (PCI) compliance standards. If you are uncertain about PCI compliance, meaning you are uncertain about how to keep cardholder data secure, here is some information you should know. What Is PCI Compliance? PCI compliance is a set of standards mandated by credit card companies to ensure all transactions are secure. These standards are covered under the … Continue reading “A Guide to PCI Compliance”

eCommerce Credit Card Fraud Prevention Strategy for Online Merchants: The Ultimate Guide

eCommerce Credit Card Fraud Prevention Strategy for Online Merchants: The Ultimate Guide

eCommerce fraud greatly impacts both consumers and online merchants. Consumers are affected when their credit card data and personal information are stolen and used illegally. Merchants are affected because merchandise is stolen. What Is eCommerce Fraud? eCommerce fraud is any type of fraudulent transaction that deprives consumers or merchants of goods, services, money, or personal information. It involves much more than someone illegally using a consumer’s card information to pay … Continue reading “eCommerce Credit Card Fraud Prevention Strategy for Online Merchants: The Ultimate Guide”

How Does Wireless Credit Card Processing Work?

How Does Wireless Credit Card Processing Work?

Wireless credit card processing offers benefits far beyond what traditional credit card processing methods can offer small businesses. We explore these benefits and reveal more about how this modern process works. The 5 Steps of Wireless Credit Card Processing In order to complete a wireless credit card payment successfully, there are five steps that must first be finalized. Here’s how the process works: 1.   The Credit Card Is Swiped The … Continue reading “How Does Wireless Credit Card Processing Work?”

EMV: What It Is and Why It Matters

EMV: What It Is and Why It Matters

Over the past six years, businesses have been challenged with the implementation of EMV credit card processing. This method has replaced traditional credit card processing for a more secure payment system for customers and businesses alike. What is EMV? Why is it so important for businesses to implement it correctly? What Does EMV Stand For? EMV stands for Europay, Mastercard, and Visa. Smart chip-enabled credit, debit, and prepaid card technology, … Continue reading “EMV: What It Is and Why It Matters”