Credit Card Networks Explained: How Credit Card Networks Work in 2024 Credit card networks help power the global economy. Millions of credit card transactions are processed every day—all of which would be impossible without the card networks. From small businesses...
PIN vs Signature Debit (Interchange Rates Compared) - 2023 All debit card transactions are not created equally, and some debit transactions are more expensive than others. The way you process debit card sales will has a direct impact on your overall transaction...
Guide to Manually Keyed Transactions Credit Card Processing All credit card processing transactions are not created equally. The way a card gets processed can impact your credit card processing rates as well as your liability. For example, let’s say a customer has...
Text to Pay SMS Payments - Ultimate Guide Text payments have been gaining traction for quite some time now. But the trend has skyrocketed in the past few years. Businesses across all industries have recognized the importance of touchless payments for credit card...
How Refunds Impact Credit Card Processing Fees (Interchange Refunds) No business wants to issue a refund. This event means that something went wrong with a customer. Unfortunately, refunds are just part of doing business. They’re usually inevitable and nearly...
What is a Merchant ID? Many terms in the credit card processing industry are fairly obvious. Others aren’t so clear. “Merchant ID” tends to fall somewhere in the middle. It’s clearly an identifier, but many businesses aren’t sure what it identifies or why it...
Credit Card Verification Service For International Orders Ecommerce businesses needs to take preventative measures to avoid fraud. According to a recent study, 92% of fraudulent transactions online involve a credit card. This results in about $24 billion lost...
What is Secure Remote Commerce (SRC)? New credit card technology has made it tougher for criminals to use fraudulent credit cards at brick-in-mortar POS stations. As a result, scammers are turning to online fraud and theft with stolen credit card information. With...
What’s the Difference Between Credit and Debit Transactions? (Debit vs. Credit Transaction) Credit and debit transactions commonly result in different fees for merchants. Debit card interchange rates are usually lower, since they're less risky for processors. The...
Merchant Acquirer Fees Explained Keeping track of all the moving parts associated with credit card processing can be challenging. There are so many different parties involved with every transaction, and each one needs to get paid. One of the most important entities...
