Dealing with Credit Card Processing Companies, Lowering Credit Card Processing Fees, Reducing Merchant Services Fees
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,...
Early Termination Fees in Payment Processing Explained If you try to close a merchant account, you might be surprised to learn that you owe an early termination fee. This is a common cancellation fee in merchant agreement contracts, yet so many business owners...
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 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...
