Let’s take some time today to run through the basics of credit card processing and what it means to set up a merchant account. There are countless things that go into running a successful business. You need to provide a valuable service in a way that your customers can access easily and efficiently. Public relations, [...]
Taking your business onto the worldwide web by setting up an internet merchant account is a great way to grow and expand your company. Just because you run an established and successful business does not mean it is too late to continue to grow on the Internet. And even if you are just getting started, [...]
Benefits vs. Costs Merchant account services are the services that allow you to accept credit cards as payments, both on and offline, and help you handle the credit card transaction processing. Without merchant accounts, your customers would have to pay with cash or check only. Believe it or not, data shows time and time again [...]
What Exactly Is A Payment Gateway? A payment gateway is a separate service and acts as an intermediary between the merchants’ shopping cart and all the financial networks involved with the transaction, including the customers’ credit card issuer and your merchant account. Think of it as a EFTPOS terminal in cyberspace. It checks for validity, [...]
Merchant Accounts versus PayPal Accounts Let’s begin by first stating that PayPal is not an acquiring bank or processor and does not provide its merchants with a Real Merchant Account. PayPal provides its merchants with a PayPal account only. There is a Very Big Difference. With a Real Merchant Account, your funds are deposited into your [...]
As an e-commerce merchant who accepts online credit card payments, you have multiple security risks and issues that you need to be aware of for the safety of both your customer and your business. There are currently two main areas of credit card security for credit card processing; this includes “AVS” and “CVV”. Both of [...]
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