PayPal Vs. A Traditional Merchant Account When beginning or expanding your business’s online sales, one of the most important decisions to make is how you will accept payments from your customers. There are different options available to the eCom merchant for payment processing. In particular, PayPal has grown beyond its roots as an eBay payment
Interchange Plus Pricing: Transparent Fees on Merchant Accounts The cost of credit card processing seems complicated, but this post outlines the different payment structures for merchant services. We’ll cover traditional TIERED merchant account rates, as well as INTERCHANGE PLUS pricing, the differences between the two, and our recommendations for finding a transparent pricing structure that
Refunds or Voids: Which Is Best to Use & When? One key distinction that new (as well as old) business owners should be aware of on their merchant account is that there are two different ways to cancel a recently processed sale, and that the two have clear distinctions. While a refund & a void
Gift Cards & AVS Settings With the holiday season upon us, and with the growing popularity of gift card usage, it’s important that merchants prepare to accept gift cards, which may require a change in your AVS (Address Verification System) settings. The main issue with accepting gift (& pre-paid) cards is that the majority of
AVS & CVV Filters: Help Prevent Fraud on Your Merchant Account Accepting credit cards to increase sales for your business to increase profits increases the risk of receiving fraudulent transactions; there is simply no easy way around it. In fact, we’ll go so far as to say that most if not all merchants will take
Three Tiered Pricing: Qualified, Mid-Qualified and Non-Qualified This post is going to tackle the confusing language, fees, and sliding scale behind tiered pricing. Here’s the situation… You’ve signed your business up for a merchant account. I’m sure you finally think you’ve read through all the fine print, and you feel like you have a pretty
Durango Merchant Service’s Payment Gateway: Electronic Invoicing Electronic Invoicing enables merchants to invoice customers via e-mail, and allows customers to make payments by following an embedded link in the email. The customer can then complete the payment process on Durango’s secure server, without you worrying about hosting the sensitive payment data. Invoices are generated with line
Digital Wallets and Data Security: “LOK” them down You may have heard the term Digital Wallet recently but do you know what it is? The term Digital Wallet refers to an electronic or mobile service that is typically tied to a Smartphone or mobile device that allows you to access your various types of payment
Merchant Accounts for Small Businesses Whether you’re just starting your business or looking for a way to expand your revenue stream, accepting credit and debit cards is a crucial step in the success of your business. Every small business can benefit from accepting credit cards, whether you are a retail establishment, a mail order/telephone order
Poor Personal Credit: How To Get a Merchant Account Although your personal credit is one of the first things a financial institution looks at before granting you a merchant account for credit card processing, poor personal credit is not an automatic disqualifier. In all likelihood you will be able to obtain a “Bad Credit Merchant
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