9 Signs You're Overpaying For Credit Card Processing The cost of accepting credit card payments is higher than most people realize. Depending on your volume, you could be paying tens of thousands or upwards of hundreds of thousands every year just to accept...
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...
11 Valid Reasons to Dispute a Credit Card Charge When an unrecognized charge appears on a credit card statement, cardholders have the right to dispute it. But distinguishing between valid reasons and invalid reasons for disputes isn’t always clear—which is why we...
What is an Issuing Bank? The Quick Answer: An issuing bank is a financial institution that issues credit or debit cards to consumers. Also known as an “issuer” or “card issuing bank,” these organizations distribute cards on behalf of credit card companies—acting as...
Visa Interchange Rates (2024) Last Updated 3/1/2024 Visa is one of the most commonly accepted credit cards in the globe. Cardholders view Visa as a safe and reliable payment method. Like every major card network, Visa imposes an interchange fee for each transaction...
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...
Merchant Discount Rate Explained If you’ve spent any time shopping around for a payment processing solution, then you’ve likely seen the term “merchant discount rate” thrown around in your search—either by a sales rep or on the provider’s website. Some of you may...
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....
Mastercard Interchange Rates (2024) Last Updated: 2/10/2024 Mastercard is one of the four major credit card networks. Each Mastercard transaction processed by a merchant is assessed with specific interchange fees. The rate is based on a wide range of factors. The...
Payment Processing Terms: A Quick Reference Guide Automated Clearing House (ACH): The primary electronic payment network for transferring funds between financial institutions in the United States. ACH vs. Wire Transfers ACH Return Codes Explained Acquirer /...
