Archive for June 2020
High-Risk ACH Processing: What You Need to Know
ACH (Automated Clearing House) payments are used by many online merchants to process payments. ACH transactions are verified electronic transactions that confirm withdrawal from a customer’s bank account and receive the money through a payment processor. As a business, however, you may be worried that being classified as a high-risk ACH processing industry may prevent…
Read MoreIs PCI Compliance Mandatory?
If you’re trying to set up a secure merchant account on your business’s website, you may have heard of PCI law and you may be wondering the all-important question: is PCI compliance mandatory? Luckily for you, PCI “law” isn’t official law so much as it is a list of guidelines for websites to follow to…
Read MoreWhat is an Internet Merchant Account?
Since COVID-19 is keeping customers inside, it’s crucial for any business that normally conducts transactions through a conventional point of sale (POS) system and card swipe machine to adapt to the times. This means asking “What is a merchant account?” in a serious way, because many, many people are buying exclusively online right now. Furthermore,…
Read MoreACH Payments vs Checks: When to Use Them
With businesses scrambling to optimize their stores for online purchasing methods, knowing the difference between these methods has become much more important. Automated Clearing House or ACH payments can make up a significant portion of your business’s transactions online. Optimizing your site for people who want to use an ACH transaction to pay for your…
Read MoreHow Merchant Accounts are Changing in 2020
The online payment industry is changing. Merchant account websites are preparing for the increased number of users. Businesses are looking to expand their online payment sectors during this time of remote work and even after it has lifted. The expectation is that high volume payment processing is going to become an even bigger industry in…
Read MoreWhat are Processing Fees in a Merchant Account?
If you run a business that is operating during the 2020 COVID-19 lockdown, you may be relying on online payment processing systems to keep your business functioning. By knowing what fees exist and how they are charged, you can stay on top of your online merchant account. Here is some basic information on the types…
Read MoreWhat to Look for in a Merchant Application
If you run a business that has an online component, you can select a merchant application that will give you a deal on fees and provide all of the services that you need to process your customers’ credit card payments. Not all merchant account providers offer all services so it’s important to shop around for…
Read MoreHow Bad Credit Affects your Merchant Account Rates
The COVID-19 quarantine has affected how people play, work, go to school, and pay for everything that they need. It has made paying for things online a necessary replacement for face to face interactions, which have become risky. This means that to stay afloat, many businesses need to create or refine their online components with…
Read MoreWhat PCI Law is and How it Affects Your Business
The PCI standards are technically not a law at all. They are policies implemented by the major credit card brands, but they are mandatory nonetheless. That’s because failure to comply with them can result in having fines levied against your company, being responsible for increased liability, having your merchant account funds frozen, and having your…
Read MoreWhat to Avoid in an Online Merchant Account
If you have an online merchant account, then it is almost certainly a significant part of your business’s payment processing. This can be even more true if you offer products or services in the form of a subscription service with automated payments. Giving your customers efficient payment methods will typically increase sales. There are right…
Read More