Credit Card Processing Blog Posts | Page 8

You need to be PCI compliant. This isn’t just a matter of complying with a bureaucratic regulatory requirement or avoiding a PCI non-compliance fee. A data breach that exposes your customers’ cardholder data can have a catastrophic effect on your business, and following proper PCI compliance procedures is your best method of ensuring that this never happens to you.

A merchant account is designed to temporarily hold funds from credit and debit card transactions until they can be settled. When processing is complete, these funds will then be deposited into the merchant’s business bank account.

This article will explain the four PCI merchant risk levels and show you how to figure out which one applies to your business. Don’t worry — it’s really very easy! We’ll also review the various requirements that apply to each of these levels.

A convenience fee is an amount you add to the purchase price; the customer pays this fee in return for being able to use a more convenient payment method. The important thing to remember is that the customer must always have the choice to use another standard method of payment that does not require the added convenience fee. The fee isn’t technically related to taking credit cards. It is meant to help the merchant recoup the added cost for setting up a new payment channel.

To avoid merchant processing agreement auto-renewals be sure to read your merchant processing agreement before signing. It’s possible to negotiate an auto-renewal clause out of your merchant agreement. Additionally, you may consider merchant service providers with month-to-month or pay-as-you go billing options.

Square’s business model is to be many things to many different types of businesses, but at its core, it is a solution to help businesses manage how they process payments from transactions both online and in-person. In this post, we’ll answer all of your most basic questions about Square for small business, including how Square works.

There is a lot to consider when it comes to taking credit cards online for your business. We’ll guide you through the decision-making process and then offer several types of payment processors for you to consider so that you can find just the right fit.

Tired of telling customers, “Sorry, cash only”? With a credit card reader, you can take payments almost anywhere, access customers who only carry cards, and even get paid faster. Check out the best mobile card readers for small businesses.

Whether you run a service business that mostly interacts with clients over the phone, a retail or restaurant business that regularly takes phone orders, or you just want to offer your customers more ways of settling billing with you, a virtual terminal may be a savvy choice.

In recent years, charitable contributions online and crowdfunding have become extremely popular. At the heart of online donations is a way to take money, which means payment cards, ACH/bank transfers, and similar. We’ve gathered a few highly-rated tools that can help you design and manage a fundraising campaign.