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...
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....
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...
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...
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...
