10 Reasons Why Merchant Account Applications Get Denied Applying for a merchant account is exciting, as it’s a crucial step for accepting payments and processing credit cards. But some merchant account applications get rejected, which can be frustrating and...
Types of Payment Gateways Explained and Compared Payment gateways connect businesses with payment processors to facilitate online transactions. This is a necessary payment technology for ecommerce websites, as it’s required to accept credit cards, debit cards, and...
Vanco Interchange Rates (Processing Fee Increases & Updates) 2024 Like all payment processors, Vanco Payments regularly makes changes to its fees and rates. Our team keeps a close eye on these updates to keep our readers informed. Here’s a summary of the...
What is a Merchant Account and How Does it Work? Whether you’re launching a startup or expanding your operation to accept credit cards for the first time, you’ll quickly come across the term “merchant account” during your research. Do you need a merchant account?...
What is EMV Compliance? (Ultimate Guide) EMV compliance is a global technology standard for credit card processing. It helps protect cardholders from fraud while reducing liabilities for merchants that process fraudulent transactions. To become EMV compliant,...
Credit Authorization Codes For Payment Processing (Ultimate Guide) Authorization codes are a crucial component of credit card processing. Authorization codes help to verify important information about the transaction data, like whether the cardholder has...
Credit Card and Payment Processing Industry News (May 2023) The world of payment processing and fintech is constantly changing. From upgraded features to new technology, acquisitions, and more, there’s a lot to keep track of. Our team here at Merchant Cost...
What Are Processing Fees? A Comprehensive Guide Understanding processing fees is crucial for businesses that accept card payments—as these fees have a direct impact on your bottom line. This in-depth guide aims to provide business owners with a thorough...
What is a Merchant Consultant? The ability to accept credit card payments is an absolute must in today’s world. But credit card processing is a complex subject—without thousands of different fees to navigate. Credit card transaction fees can add up quickly. With...
Credit Card Merchant Fees (Transaction Fees, AVS Fees, Authorization Fees, and more) As the payment industry evolves, so do the credit card merchant fees that come along with it. From three interchange rates to now thousands of interchange rates, credit card...
