Credit Card Processing Blog Posts | Page 13

Shopify and Square both provide POS systems, but their full range of services offered encompasses so much more. In this article, we’ll be exploring these two companies, comparing their respective features, pricing, ease of use, customer support, integrations, and more.

Stripe and Braintree are both powerhouse gateways and online payment processors. They even have many similar features. But the overall experience with these two companies is very different, and here’s what you need to know.

Paying for purchases has become a lot more complicated in the modern world than it used to be. In this article, we’ll review the various payment methods you’ll want to be able to accept as well as explain how those payment methods are processed so that you can receive your money.

Payment service providers (PSPs) streamline the process of obtaining credit card processing services by aggregating all users into a single merchant account. This eliminates the need for a lengthy underwriting process before a merchant can be approved for an account, but also increases the chance of a hold, freeze, or account termination. Your business will not receive a unique merchant ID number if you sign up with a payment service provider. Well-known PSPs include Square, PayPal, and Stripe.

You are swearing First Data off forever, so it’s never getting another cent from you. You want options. We have good news — you do have options. These processors are almost as large as First Data, which means they might also not be easy to work with either. Fortunately, they also work with a lot of very good resellers that provide an excellent customer experience.

With interchange++ pricing, your transaction statement will include three elements for each transaction: the interchange fee paid to the issuing bank, the card association fee paid to the card brand (e.g., Visa, Mastercard, etc.), and the processor’s markup fees. Note that card association fees are typically very low and do not constitute a significant portion of your credit/debit card processing fees.

Wondering if it’s time to switch over from cash-only to credit card payments for Girl Scout cookie sales? Check out our handy guide to accepting credit card payments and the best options for Girl Scouts

Credit card associations, like Visa, Mastercard, American Express, and Discover, charge fees for their services every time a credit card is used. If you take credit cards, then card association fees are a necessary evil, since these fees comprise a part of wholesale fees you have to pay in order to take credit card payments. Here’s everything small businesses need to know about card brand fees.

Unhappy with PayPal’s merchant services? Looking for a new processor? Whatever your reason for not choosing PayPal’s credit card processing, there are plenty of other options. Check out our choices for fair, affordable and practical alternatives to PayPal.

Free credit card processing sounds great, but the fact is, it’ll never be completely free. You’ll always have some fees to cover on your own, plus you need to consider whether it’s actually a good fit for your business model. Here’s what you need to look for.