Do You Qualify for Special Visa Interchange Rates? How to Estimate Your Interchange Fees
If the category code given to your business is considered lower risk by the card issuer, the interchange rate charged on your transactions will be charged the lower rate automatically. read more ⟩⟩
A Beginner’s Guide to eCommerce Payment Processing: How Small Businesses Can Set Up Cost-Effective Online Payment Processing
For new small businesses or those who are just now adding an online sales channel to their business, the whole process can seem confusing and expensive. Learn more about how it works and how to manage your ecommerce payment processing costs here. read more ⟩⟩
How to Find the Best Payment Gateway for eCommerce
While they all perform the same basic function, payment gateways aren’t interchangeable. You’ll need to consider what kind of features and capabilities you need for your business so you can make sure you choose one that does everything you need it to do. read more ⟩⟩
Which Merchants Get Special Visa Interchange Rates?
Typically, merchant categories where chargebacks are less common get lower visa interchange rates than categories where chargebacks are more likely. read more ⟩⟩
How Does Batch Settlement Work with Your Merchant Account?
Instead of processing each transaction as they occur, a batch settlement involves processing all of the transactions a merchant handled within a set time period — usually 24 hours — at the same time. read more ⟩⟩
Basis Points Explained: What Are They and How Do I Calculate Them Without a Basis Point Calculator?
Basis points are just a different way of talking about percentages so you won’t need a special basis point calculator to work with them. Learn more about how to calculate basis points here. read more ⟩⟩
6 Credit Card Transaction Types and How to Avoid Chargebacks by Using the Right One
There are six basic credit card transaction types that merchants will encounter as they do business. Generally, transactions are categorized by your payment processor automatically but it helps to know what the different types are. You’ll need to know how to process each kind with your Point-of-Sale (POS) system or online payment gateway. Getting it […] read more ⟩⟩
5 Common Causes of Chargebacks for Merchants and How to Avoid Them
Chargebacks are one of the most frustrating parts of running a business. No matter how careful they are about preventing fraud and keeping customers happy, every merchant is likely to get hit with chargebacks now and then. But if your chargeback rate exceeds 1% of your transactions, you can get flagged as high risk, which […] read more ⟩⟩
5 Online Payment Processing Challenges for Small Business and How to Deal with Them
As a merchant, doing business online can be a great way to instantly expand your customer base and increase sales. After all, a website is open for business 24/7 and customers can shop your products from the comfort of home. For all its benefits, there are also some common online payment processing challenges for small […] read more ⟩⟩
Interchange Rate Hikes in 2022 Are Straining Small Businesses—Here’s How You Can Combat Merchant Fee Increases
After keep rates relatively stable throughout 2020 and 2021 in light of the impact of the COVID-19 pandemic on businesses, Visa, MasterCard, American Express, and Discover hiked interchange rates in 2022. In April last year, the four major card issuers updated their interchange rates, meaning merchant fee increases for millions of small business owners already […] read more ⟩⟩
What Are PCI DSS Merchant Levels and Why Do They Matter?
PCI DSS stands for Payment Card Industry Data Security Standards and refers to a set of security standards that merchants need to comply with if they want to accept card payments. While they aren’t legally enforced, the PCI Security Standards Council does impose fines for non-compliance. Any merchant that accepts card payments must comply with […] read more ⟩⟩
