Payment Processing Archives

Is Contactless Checkout Here to Stay?

Contactless payment took off in 2020 during the COVID-19 pandemic. It looks to be maintaining its momentum for the future. According to a study by Visa, just 16% of consumers said they would revert to traditional methods of payment after the pandemic. Also, 65% of consumers said they’d prefer to use contactless technologies after a vaccine is available.1 Among small to medium businesses, just 20% offered contactless payments for the … Continue reading “Is Contactless Checkout Here to Stay?”

Taking the Fear Out of Finding the Right Payment Processor

Finding a payment processor is an important step in allowing customers to pay for products and services they buy from your company. At this step, it can be tempting to pick the lowest bidder. However, this can present many problems later. Here, we will explain how to choose a payment processor, starting with what a payment processor does, and then working through various factors to consider, to help you make … Continue reading “Taking the Fear Out of Finding the Right Payment Processor”

Online vs. Offline Debit Transactions

Debit transactions are generally processed online or offline. To authorize an online transaction, a customer must submit a personal identification number, or PIN, at the point of sale. With an offline transaction, the customer completes the sale by signing their receipt. Both are legitimate debit transactions that businesses can use. Here’s a look at the pros/cons of online vs. offline credit card transactions: The Difference Between Offline and Online Payment … Continue reading “Online vs. Offline Debit Transactions”

Find the Best CBD Merchant Account Provider to Capitalize on the Profit Potential of Hemp-Derived Products

Hemp-derived products, including CBD products, have been a growing market for the past several years. As many states have passed regulations that make cannabis legal for medical and recreational purposes, it has helped fuel interest in a wide range of new products. As such, the number of hemp-derived products has grown. Hemp plants can also be grown to produce CBD products. Many of these products are very profitable for businesses … Continue reading “Find the Best CBD Merchant Account Provider to Capitalize on the Profit Potential of Hemp-Derived Products”

The Impact of the COVID-19 Outbreak on Digital Payments

Before the COVID-19 outbreak, digital payments involved swiping or inserting the card into a credit card machine so it could read the chip. After the pandemic started to spread, the impact of the COVID-19 outbreak on digital payments presented new challenges for businesses to limit contact with credit card and debit card terminals. Contactless Payments Grew One noticeable change was that more and more merchants upgraded their payment processing equipment … Continue reading “The Impact of the COVID-19 Outbreak on Digital Payments”