Opinions vary regarding whether PIN debit or signature debit transactions are the more cost-effective way of accepting customers’ debit card purchases, but the prevailing view seems to be that PIN debit is the less expensive option for merchants. The reality is a little more complicated than a simple either-or answer. Let’s dive in.
Category: Payment Processing 101
Applying for and being approved for a merchant account isn’t always a simple matter! Especially for business that are labelled “high risk” or “hard to acquire”. This post outlines all the basics of how high risk merchant accounts work, what to expect from the application process, and how to get approved easily and quickly!
Credit Card Processing US Territories, US Virgin Islands (UVI) and British Virgin Islands (BVI) A merchant account gives you the power to accept credit and debit card transactions, making it an essential tool for any business, whether it welcomes customers to a brick-and-mortar storefront or a web-based ecommerce store. However, merchants operating in the U.S.
How To Recover If Paypal Freezes Your Merchant Account As an online merchant, being able to accept credit and debit card payments from your customers online is a fundamental necessity. In looking to fulfill that need, many ecommerce merchants are lured in by the siren song of aggregate processor’s (companies like paypal and stripe) quick
How To Detect Phishing Attacks On Your ECommmerce Website One of the most effective techniques used by hackers and internet fraudsters to steal identity information, collect credit card numbers, and gain access to accounts is phishing. Phishing is so successful because it targets the weakest link in any IT security system: the human users. Phishers
What is the Fido Alliance? And Why Should I Care? How many accounts do you have that require a password to access? Email addresses, social media sites, streaming video services, banks, ecommerce websites… the list goes on, and you may not even remember how many password-accessible accounts you have – hardly surprising, since the average
5 Signs You Could Benefit From A High Risk Merchant Account Any business that relies on the ability to accept credit and debit card payments from its customers needs a merchant account for payment processing. However, the standard merchant account offered by most financial institutions isn’t an ideal fit for every business. For any number
Visa and Mastercard Requirements for eCommerce Sites Having a reliable means of accepting customer payments via major credit cards is essential to the success of any eCommerce business. Approval for an eCommerce merchant account to process credit card payments isn’t automatic; the major card brands, including Visa and MasterCard, want to ensure that their cardholders
Small Business Merchant Account: Filtering Out the Noise In a consumer culture that sees fewer and fewer people carrying cash, preferring instead the security of debit and credit cards, the ability of a small business to accept transactions using these forms of payment is indispensable. However, the vast array of options offered by payment card
How to avoid Merchant Account Terminations, Freezes and Holds For any business that accepts credit and debit card payments, keeping the transaction processing pathways clear is just as important as making sure the front door of a brick-and-mortar shop unlocks in the morning. If your customers can’t make purchases, you don’t make money. Understanding the