Credit Card Processing Blog Posts | Page 9

Can You Set A Minimum Purchase Amount For Credit & Debit Card Payments?

In this article, we’ll review the laws and agreements that govern setting a minimum amount on credit and debit card transactions. We’ll also discuss the pros and cons of doing so, even in situations where it’s perfectly legal. After all, you don’t want to risk losing sales when customers either can’t or don’t want to buy enough items to meet your required minimum. Finally, we’ll review the differences between setting a minimum purchase requirement on credit card and debit card transactions.

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Jun 28, 2024 Filed under: Credit Card Processing

What Is CVV2?

This post aims to clarify any confusion regarding why and how a CVV (or CVV2, CVC, or CID) number is vital for your small business. Because payment companies mandate all merchants to collect the credit card CVV code during online or manual card entry, you’ll need to find a payment processing company that’s up to date with the latest policies.

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Sep 19, 2023 Filed under: Credit Card Processing, PCI Compliance
PCI compliant

What Is PCI Compliance? Retail & Restaurant Guide

What is PCI compliance? What does it mean? Is it mandatory for businesses? Arming yourself with a basic understanding of PCI can help you navigate a lot more than you think when it comes to choosing the payment processor, merchant account, or outside payment security specialists you may need. Here’s what you need to know about all things PCI-related.

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Aug 8, 2024 Filed under: Credit Card Processing, PCI Compliance

The Complete Guide To Tokenized Payments: How Does Tokenization Work?

Credit card tokenization involves the use of systems that replace credit card information with random letters and numbers. Ready to learn more about tokenization and how it can keep your business — and your customers — from falling prey to cybercrime and fraud? Read on to discover what a token is and how tokenized payments work.

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Aug 8, 2024 Filed under: Credit Card Processing, Digital Wallets and Alternative Payments, PCI Compliance

Debit Card Processing Fees For Merchants

There’s no one-size-fits-all answer to the question of whether debit card merchant fees are worth the cost, but for the majority of retailers, the answer will probably be yes. Due to a combination of regulation and fraud protection, debit card transactions are frequently cheaper for merchants to process than credit cards.

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Aug 13, 2024 Filed under: Credit Card Processing
Stripe VS Square Vertical

Stripe VS Square: 2024 Comparison

Both Stripe and Square offer powerful, full-service third-party payment processing APIs. Square has a pretty clear edge when it comes to processing in-person payments and being ready to go right out of the box. Stripe’s robust multicurrency and payment method support, on the other hand, can give it an edge in international eCommerce. Read on for a full comparison.

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Apr 2, 2024 Filed under: Credit Card Processing, Payment Gateways