How to Prevent Merchant Account Holds & Processing Freezes An unexpected stoppage in your payment processing procedure can be troublesome for a business owner. From withheld funds to processing freezes or account terminations, these instances can be potentially...
Credit Card Acquirer vs. Processor - What's the Difference? In the world of credit card processing, the terms “credit card processor” and “acquiring bank” are sometimes used interchangeably. But when this happens, it’s not always done correctly. While some...
The Complete Guide to PCI Compliance Fees (2023) Is a PCI compliance fee another fake fee on your statement or is this a legitimate charge? Answering that question is complicated. But truthfully, it depends. Some credit card processors do not charge a PCI fee at...
Visa Chargeback Reason Codes Explained Visa chargebacks can be a major inconvenience for merchants. It’s even more frustrating if you don’t understand what the chargeback code means. Visa groups its chargeback codes into four main categories—fraud, authorization,...
Credit Card Refund Fees (Refund Transaction Fee) Credit card refunds can be a pain for merchants. Regardless of your business size or industry, these annoying transaction fees can be costly for many different reasons. If you’re issuing a refund, the customer is...
American Express Direct vs. OptBlue When it comes to the credit card processing world American Express tends to be their own monster. Amex has long been viewed as the outsider of the large four card brands when it comes to acceptance. Higher rates have been the...
NFC Payments (Ultimate Guide) - How to Accept NFC Mobile Payments NFC payments have been trending upward in the payments processing industry for the past few years. As some of you know, near field communication (NFC) is the technology behind mobile payment...
American Express Chargeback Codes (2023) American Express functions as a card network and an issuing bank. This gives them more of an incentive to keep their customers happy, which means they usually side with cardholders during a dispute. With that said, you still...
The Complete Guide to eCheck Payment Processing The word “check” doesn’t seem to fit into today’s digital world filled with contactless payment methods, EMV chip technology, digital wallets, electronic payments, and cryptocurrencies. Checks are an outdated payment...
9 Questions to Ask Payment Processing Companies Unless you’re operating a cash-only business, you need a payment processor. This statement holds true regardless of your company size or industry. If you’re accepting credit cards, a processing company is the only way...
