Category: Credit Cards
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Why Plastic and Cash are Losing Popularity, and Why That’s Ok
When someone wants to pay for something at a register, they usually reach for the credit card or a wad of cash. That’s beginning to change, though, as smartphone adoption rates rise. One major reason why is that the concept of a digital wallet is finally becoming reality. Digital wallets are accounts online that remain…
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Virtual Terminals for Online Businesses
Even if you have an online-only business, being able to manually input sales can be important. Find out how virtual terminals can help you manage your sales you receive offline. By now, owners of online businesses recognize the importance of being able to accept credit card payments online. It’s vital that customers are able to…
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How to Get Affordable Credit Card processing Fees
If you run an online company, you might have some concerns about credit card processing online. You might be worried about how much it will cost to set up. Is the software expensive? You might also wonder about the price on an ongoing basis. How much is each credit card transaction on the web going…
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How to Fight Chargebacks
Article submitted by: Solid Trust Pay Chargebacks are every online merchant’s worst nightmare. The merchant has a lot to lose and it is not always easy to find evidence to prove that the customers claim is false and even if you do prove the customers claim is false you still end up having to pay…
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Tips To Lower Your Merchant Account Fees
Are the high fees charged by merchant banks to open a merchant account preventing you from accepting credit and debit card payments from your customers? Not only will potential customers prefer a competitor’s store which offers credit and debit card payment facilities, you are also losing a main source of sales which are impulse purchases.…
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Merchant Accounts 101
Opening a new business entails many steps, from creating a business plan to coming up the funds to make it happen. However, early on in the planning process you will come across the term merchant account. If you’re a new entrepreneur, you might have a few questions, such as what is a merchant account and…
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China UnionPay, a world leader in credit card payment processing
In the U.S. Visa and Master Card are household names. But have you heard of China UnionPay? Due to its affiliations with Visa, Master Card and American Express, it is accepted in more than 135 countries and regions, China UnionPay is a world leader in credit card payment acceptance and processing. The Shanghai based China…
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Monitor your credit report and watch your credit score
Three major credit bureaus, Equifax, Experian and TransUnion, keep a close watch on your financial dealings. They not only keep your credit history, they calculate a score for you. Better known as the FICO (Fair Isaac Corporation) score, it is the widely used measure by all major financial institutions before considering you for a mortgage…
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Who is processing credit and debit cards?
Credit and debit card purchases accounts for 30 percent each of retail transactions in the U.S. Visa and Master Card dominates the retail sector credit and debit purchases while American Express, Discover Financial Services and VeriFone fills the remainder. Both Visa and Master Card are much popular in overseas and international transactions generate more than…
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Who is keeping your credit information?
Many of us are very familiar with the three digit FICO (Fair Isaac Corporation) score. It is important in determining new credit as well as the interest rate charged to you. The higher the score, the lower the rate a lender will charge you for your car loan, insurance premium, revolving credit such as credit…