Venmo Fees and PayPal Fees (2024) Last Updated: 1/3/2024 Venmo and PayPal are two popular platforms for both merchants and individuals. Each offers mobile payment system, making it easy to send money from anywhere. Whether you’re using Venmo or PayPal payments for...
How to Lower Credit Card Processing Fees (2024) Accepting credit cards is a must for every business in the modern era. But payment processing fees can add up quickly—and most companies are paying more than they should be to accept credit cards. That’s why we...
Payment Processing Industry News - December 2023 As the year comes to a close, we’re still keeping a close eye on the latest happenings in the payments space. This month, we’ve highlighted some new partnerships, new technologies, expansions, and some noteworthy...
How to Become PCI Compliant (and Maintain PCI DSS Compliance) PCI DSS compliance—or PCI compliance for short—refers to a set of payment security standards that merchants must follow when accepting card payments, transmitting sensitive information, and storing...
12 Requirements of PCI DSS Compliance To become PCI compliant, you must follow the requirements set forth by the Payment Card Industry Data Security Standards Council—an independent organization that was created by the card networks to help manage and improve...
Payment Processing Best Practices Accepting credit card payments has become a normal part of business operations for companies large and small worldwide. But not every business processes payments in an optimal way—which can lead to higher processing fees,...
What is Payment Processing and How Does it Work? The term “payment processing” is something that sounds relatively straightforward. Yet there are so many nuances and components that happen behind the scenes for payment processing to work. Payment processing makes...
The Ultimate Guide to Credit Card Merchant Fees (2024) Merchants are charged a fee every time a customer pays for something using a credit or debit card. These fees add up quickly—costing US merchants more than $137.83 billion in processing fees per year. But...
High Risk Credit Card Processing and High Risk Merchant Account Rates High risk credit card processing can be uncharted waters when it comes to obtaining a merchant account. For many businesses, it's already confusing enough to understand how credit card processing...
What is a Rolling Reserve? A rolling reserve withholds a percentage of a merchant’s gross credit card sales in a non-interest-bearing account. The funds are held for a predetermined amount of time before the processor releases money to the merchant’s bank account....
