How to Find Your Merchant ID in PayPal If you’re using PayPal to sell goods and services or collect payments for your business, some instances may arise when you need to locate your PayPal merchant ID. This guide will explain everything you need to know about...
What is a Payment Gateway? A payment gateway securely transmits sensitive payment information from a customer's issuing bank to each party involved with a card transaction. Payment gateways connect the merchant’s payment portal (like a website) to the acquiring...
12 Ways to Accept Online Payments in 2024 Getting paid online isn’t as difficult today as it was in the past. In fact, it’s pretty straightforward and easy for anyone to figure out. But deciding how you’re going to get paid online is another story. What types of...
Visa Surcharging Rules Businesses accepting Visa cards pay a fee for each transaction. To offset those costs, some merchants impose a surcharge—which passes the processing fees to the customer. Sounds simple, right? Not so fast. Visa has its own surcharging rules....
Do You Need a Merchant Account For Shopify? Businesses typically need to have a merchant account to accept credit card payments. However, it’s possible to set up a Shopify store and accept card payments without a merchant account. Shopify users have the option to...
Stripe Interchange Rates: Complete Guide to Stripe Processing Fees Last Updated: January 10, 2024 Stripe is one of the largest players in the eCommerce and subscription payment space. Big companies like Facebook, Lyft, Target, and Under Amour use Stripe to power...
What is an Internet Merchant Account? Whether you’re starting a new ecommerce business from scratch or you’re expanding an existing retail operation to the web, you must be able to process credit card payments online. Internet merchant accounts make this...
Credit Card Decline Codes (2024) Declined credit cards are simply part of doing business. They’re even more prevalent for businesses that process a high volume of transactions—particularly in B2C environments. But not every credit card decline is the same. When a...
How Does Apple Pay Work? Understanding how Apple Pay works and how to use it is essential for consumers and businesses alike. Apple users get a quick and convenient way to pay for goods and services using their Apple devices, and merchants can broaden their payment...
Credit Card Fraud Statistics (2024) The widespread acceptance of credit and debit cards has changed how we process payments. Cash represents just 20% of all in-person transactions, meaning plastic and digital wallets have penetrated far and beyond the ecommerce...
