Category: Processing

Have you ever stopped by a vending machine to grab a quick snack or drink, only to realize you’re all out of cash?  That can be quite annoying, but many vending machines nowadays come equipped with credit card readers, so don’t stress out. This will allow you to make purchases with just a swipe or…

Are you tired of getting hit with pesky fuel surcharges every time you fill up your gas tank? Well, you’re not alone!  Many credit card users have fallen victim to these sneaky fees that can add up over time. Plus, with the price of gas the way it is, no one wants any extra fees…

Open up your bank statement and start looking at all the terms on that screen or sheet of paper.  If you have looked at your bank statements like this or any type of financial report, you may have run across the term debit trend. What is that, and how does it affect your finances?  Whether…

Unfortunately, banks of all sizes must deal with fraud, but have you ever considered how much money banks lose due to banking fraud? Since we shared your interest, we dug deep and thought we’d share what we learned with you. We’re going to take a closer look at the numbers behind banking fraud and some…

With so many people dealing with identity theft and fraud, it is not surprising many people look at those credit card readers at the register with a bit of a side-eye. If you are anything like us, you probably have wondered at least once if they store your information.  It’s a valid concern, and that…

Have you ever found yourself rummaging through your purse or jeans pockets, trying to find some loose change for your morning coffee? Well, you may not have to worry about that soon! Is there a possibility of America going cashless? That’s right, no more paper bills or jingling coins! But can a country as big…

Credit cards are just one of the many forms of payment that everyone has used in the past to keep the economy flowing. But have you ever wondered why credit cards exist? What’s the point of swiping a piece of plastic when you could just use cash or a debit card? It seems like an…

From grabbing some gas for your car or paying the tab at the local restaurant, credit cards are becoming more and more popular. But maybe you are at the local liquor store or bar and realize all you have is that little piece of plastic. Did you have a moment of panic? Did you start…

When it comes to eCommerce businesses, one of the most popular platforms is Shopify. It is a platform that allows you to set up online shops.  This platform gives you great control of your business and comes with a wide range of features. That makes it a great option for just about anybody.  But just…

When looking for ways to make and receive payments, many businesses look to PayPal as their answer.  But PayPal is only good for a certain amount of time as your business begins to grow. In addition, you may find that some of the services and features available on PayPal business are not meeting your requirements.…

PayPal is used by millions of people across the globe. It can be a great way to not only receive payments from friends, clients, or family but a way to pay for things too.  That being said, it has become almost like a bank itself. Because of this, that means that you may find there…

We have all been there. Either you’ve got your credit card statement and noticed a charge for zero dollars, or when linking our card, we receive a message stating that they will place a zero dollar charge on our card in order to verify its validity.  Merchants may have seen this type of charge as…

You finally found that perfect item and are fixing to check out and make it yours. You go to enter your card information only to receive a warning that your online payment can not be processed at this time.  Wait, What? Why?  This is the most frustrating thing that can happen when you are trying…

Whether you are searching for a meaningful career or just looking for a better income stream, you may have come across merchant processing.  Becoming a merchant processor can come with strong revenue streams and several benefits, but there are a few things to consider before you can become one.  A merchant processor is a middleman…

When you are looking to enter into the merchant services industry, one of the potential options you may choose is to sell credit card processing.  However, this can be challenging because as more and more people move to online payment platforms, credit card processing becomes a very oversaturated market. But there are many ways you…

One of the world’s most well-known and used credit cards is American Express. But unfortunately, the credit card company’s reputation and popularity are not enough for most people to sign up.  So instead, many people want to do research and dive into everything they need to know about American Express. American Express is a financial…

PayPal is available in over 200 countries and has over 300 million active accounts. It is by far one of the biggest companies in the online money management industry. Founded in 1998, it has made sending, receiving, and paying for goods faster and more convenient. But anything that deals with money can eventually cause you…

For those out there looking to start a small to medium-sized business, one of the most important decisions is whether they will accept payments.  There are many different options, from PayPal to Stripe to the traditional merchant. Deciding which works for you relies on what you need from your payment processing. The truth is you…

PayPal is one of the most popular methods of payment nowadays. As a result, the processing company has seen a growth in customer base over the past decade or so. It is by far not the only option, though, as many people have begun moving towards Square. This mobile payment company offers a wealth of…

When it comes to hosting your eCommerce store online, there are several options you can choose for your chosen platform. One of the most popular, though, is Shopify.  This is because it comes with a wealth of features and integrates well with many other sites and services. However, even though it’s a very user-friendly platform,…

As a business owner, many decisions need to be made when it comes to Methods of selling your products or services. For those that are focused more on products, one of the options that you may have from across your desk is Amazon direct marketing continuity, otherwise known as an Amazon business prime account. Amazon…

When it comes to processing credit card transactions for your business, no matter if you’re an online or Rick and mortar business, you’re looking at a very intricate process. After all, there are multiple ways you can process a credit card, and you’re also dealing with your customer’s bank accounts. When you think about ways…

There are so many numbers for a business to remember that adding another one might seem daunting. But when you are a merchant, one of the most important numbers that you must have is your merchant ID number. So what is the merchant ID number, and why is it so important? The merchant ID number…

And if you’re someone who is in the business of selling firearms, then we’re sure that you have told us that you looked into working with GunBroker. This is a place where there are tons of listings from people all over the United States for any type of firearm you’re looking for. Like with any…

As the payment processing system for businesses gets more and more knowledge and digital processing, there was a need to streamline and create a system that allowed for more accuracy when it came to all of the transactions that were being executed. One of the parts of this system that is the most important is,…

Depending on the size of your business, you may be considering using a simple payment gateway as opposed to paying for the fees and expenses that come with a merchant account. But do these payment portals like Square give you a merchant ID? Square is a payment service provider that may be a great option…

PayPal is a highly popular money-transferring platform. However, due to the number of transactions processed on the platform daily, there must be some way to categorize them to keep track of them. This is what the function of the transaction ID is. Read on to find out the answers to all your burning questions regarding…

Whether you run an online business or are shopping on a store website, you know there are multiple ways to make a payment. As a business owner, you offer up different options for your customers to pay for their orders. As a customer, you get to select which is the best method for you to…

There are many transactions going through, even as you are reading this article, with the amounts of payments and transfers being authorized every day. These transactions must somehow be identified with a code, so the information can later be easily retrieved. This is where the term “transaction ID” comes in. So what exactly is this…

Marijuana or cannabis dispensaries have recently been appearing everywhere, and you have probably seen them around your city. These dispensaries exist because federal law in the United States prohibits the sale of cannabis at pharmacies. According to the state you live in, a dispensary may only offer medical marijuana, while another may offer both medical…

Merchant services experience is the experience that you, the business owner, have when you process a customer or client’s credit/debit card payment. The behind the scene steps, from swiping the card to receiving the funds in your business’s bank account, is a service provided by the company chosen to process card payments.   How do…

Did you know that almost every credit card is the same size? This is because credit card companies use an industry standard regarding the size. This standard ensures that account holders can use their card anywhere they need to make a transaction.   What are the Dimensions of the Average Credit Card? The average size…

Did you know that dispensaries are not allowed to take payments made with debit or credit cards? Even though many states are making medical and nonmedical marijuana legal, federally, it is still classified as an illegal substance. This classification is why credit card companies can’t process payments made at the dispensary. That is not to…

We all know the four different card networks Visa Mastercard Discover America Express Each card company offers many different types of cards depending on the specific needs of an individual or business. But, have you ever wondered what the top used card is? That answer is not as cut and clear as you think. There…

In short, the transaction number in online payments is a set of numbers assigned to each online payment in order to trace the transaction. Each transaction code is as unique as someone’s fingerprints. There are many reasons that someone might need to track a recent online purchase. You can be sure you’re tracking the right…

Shopify is a popular eCommerce platform used by lots of businesses online. It allows you to customize your own design to create a storefront that is uniquely yours. Shopify also deals with all the logistics of payments, processing, shipping, and more. It’s easy to use and super convenient, so it’s no wonder so many businesses…

When trying to shop online, many stores will require some extra information. First, of course, they will ask for a credit card number, expiry date, and the card’s name. However, some online shops will also require a CVV number. What to do if a website asks for a CVV, and what to do if it…

PayPal is a money transferring platform used by millions of people worldwide. It’s convenient, easy to use, and fast. Speaking of fast, it just got even faster, now with real-time-payments. RTPs are payments transferred in a matter of seconds from one account to another and can be done year-round. So what exactly is an RTP,…

If you are an eCommerce website owner who uses WordPress as their site host, you have probably already heard of WooCommerce. It is a very popular customizable plugin that helps set up an online store in a few minutes. The plugin will include everything you need for a successful shop, such as payment methods, shipping…

The easiest way to catch a credit card fraudster is red-handed. Being lazy with IP addresses, delivery addresses, or making a purchase through their account are just a few ways that credit card fraudsters are brought down. The unfortunate reality is that most credit card fraudsters never get caught. A recent study showed that about…

For any eCommerce store, it’s important to consider what payment gateway you will be using. This requires you to look up what payment methods your chosen website host offers. One of the most popular website hosts used worldwide is WordPress. So, what payment gateways does it offer, and are there any transaction fees you must…

A merchant identification number or a MID is a unique number that is provided by any payment processing provider you use. This is a code that is unique to your business and no one else, and it is a number that different computer networks can use to identify you as the business or merchant behind…

There are many different answers to this question floating around the web, but we’ll break this question down by answering straight from the source. There is no monthly fee for being a merchant on Wish, so you only pay when you make sales. According to Wish, there are two ways to pay fees. One is…

You can use multiple payment gateways on WooCommerce for CBD. However, you must be aware of a few things before doing so. In this article, we will go over what Payment Gateways for Woocommerce for CBD are, how to add them, and what to avoid.   Which payment gateway is the best for WooCommerce for…

For the purpose of processing credit cards, each online retailer receives a special merchant identification number or MID.  Computer networks use these numbers to identify the merchants behind each transaction that is executed. Below, we’ll explain in more detail what MID and merchant ID number searches are.   Where Can You Look Up Your Merchant…

If you have a bank account and are a card holder, then the abbreviations CVC and CVV sound familiar to you. The three or four numbers that make up a CVV or CVC are displayed on your credit or debit card.  When you make a remote purchase, such as when you order something over the…

Automated Clearing House, or ACH, is a mechanism that permits money to be electronically transferred between two distinct bank accounts.  It simply indicates that the deposit or deduction is waiting until the money has been processed if you see an ACH funding hold on your bank account. After that, the transaction is reported to the…

If you are using PayPal, the merchant ID number is a crucial part that ​enables you to receive funds and connects your merchant account to the credit card processor. The PayPal MID is a 13-character sequence of random numbers and characters.  Once you create a PayPal account, you are instantly given this ID. However, it’s…

An ACH transfer which involves money between banks using the Automated Clearing House network is a common method of transferring money. Although ACH debit transfers like bill payments and other payments are usually free, some banks can charge fees.  ACH credit transfers may also cost a fee of about $3 if you are transferring to…

Understanding how to process online payments is crucial if you own any business. One of the most critical operational issues you’ll need to resolve is how to be paid in a quick, easy, and economical method.  PayPal is one of the industry’s oldest players, an all-in-one payment and commerce solution. So, will you have to…

Verified by Visa is intended to make using your Visa credit card even safer for online purchases. First-level protection is available with non-VBV credit cards, which need your card number, expiration date, and CVC on the back of the card.  It implies that your cards stay safe and you don’t face hacking issues during online…

The world is an online shoppers paradise and with more and more stores and new merchants only dealing with online, you will have to find a third-party processor to help you with accepting those online payments (unless of course, you are planning on going the merchant account route). No matter the way you decide to…

    Understanding the whole process of credit card payment processing can be overwhelming but is a necessary step in becoming a merchant whether you are a brick and mortar or an online store. Knowing the process and the terms of the entire process are one way you can ensure a great customer experience. It…

There is one process of the return card transaction process that can be the tensest on both the customer and merchant sides of the ordeal. This part is the credit card refund process, there are a lot of intricate parts of the process that knowing the details can assuage. By knowing the process and understanding…

When you are looking into credit card transaction processes there are two options… real-time and batch. The method that you and your business choose to use depends on several factors including the capabilities of the processor’s, Payment acceptance, and on local prerequisites. These processes require info to be saved which can either be done at…

Understanding who gets held accountable and by whom is a vital part of the whole business world. So, if you’re a merchant that would include the credit card companies. Have you ever wondered who regulates these companies and makes sure that they are working in the best interest of their customers as well as within…

When dealing with the entire process of credit card payments there may be some terms that just don’t make any sense to you. Or that you want to have a clear understanding of before you get too deep into the entire process. One of these may be the term payment processed. It may seem like…

When you are getting ready to launch your business and are in the process of putting all your systems in line you will want to know as much as you can about credit card processing fees and guidelines. Currently, almost everyone whips out that card and swipes it to pay for their gods (or types…

So, you have finally decided to do! You are going to open your own E-commerce business! Congrats but there are a few things that you may want to know about when doing that. The first and possibly the most important is to have a good understanding of how off-site credit card process works and what…

If you have just received notice that you have been put on the Terminated Merchant File otherwise known as the MATCH list, you probably are trying to figure out just what that means. Well, you are not alone in fact many merchants or business owners have no idea what the Match list is. So, in…

When you set up your merchant account you may want to know a few things. One of those is how long it takes to completely process a credit card payment. This will be vital information for not only you but your customers. The first thing you must understand when answering this question is the process…

Credit Card transactions and processing happens in the blink of an eye but there is so much fit into that split second that you as a merchant should really understand. By taking the time to get a good grasp on just what happens during the entire credit card processing process will help you be able…

You may be doing some calculations and want to know just exactly how much your processing fees are when it comes to credit card transactions. This is smart after more you can deduce the better off your bottom line will look. There are many factors though and no one answer fits all. By understanding a…