Category: Credit Card Transaction
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Why Transfer Speed Matters in eCommerce
Transfer speed refers to the speed at which money is transferred between merchant accounts and customer bank accounts. Transfer speed is important, because it determines when you’re paid for the work or items you’ve sold. For small businesses, transfer speed plays a major role in operations for the first few years, as it can impact…
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Do You Still Need a Credit Card Terminal?
The future of the payment gateway is starting to look like it lies in mobile, so some businesses that are looking to cut costs have a question: is the terminal still worth it? Is the now old-fashioned cash register slowly going the way of the dodo? Before you make some snap decisions, here are some…
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Every Business with a Merchant Account Needs to Know About This Fee
Merchant accounts have two fairly common pricing tiers consisting of three and six-tiered pricing. This is by design, of course, because these are the easiest pricing tiers to explain to potential buyers. All fees present some form of risk to the merchant, but chargebacks present the greatest potential risk to banks and providers so merchants…
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What Is Mobile Credit Card Processing?
Mobile credit processing is exactly what it sounds like: credit card transactions made on mobile phones. You might wonder if this is safe or even necessary for your business and the answer is “yes.” This is the age of the iPhone, the Blackberry, and the Android. People are on their phones all the time. That…
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The Journey of a Credit Card Transaction
Article Written by : HMS Weather As a merchant, we run our customer’s credit card through our credit card machine, let it process the transaction, and then think nothing about it after they sign the copy. But knowing the credit card transaction process inside and out as a merchant will allow you to make highly…
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About Chargebacks
Credit card chargebacks happen when a customer, for any number of reasons (ranging from fraudulent use of a card to dissatisfaction with the good or service received), disputes a credit card transaction through her issuing bank. The chargeback process is designed to increase consumer confidence — it’s very easy for credit card users to dispute…