Merchant Check Verification If you are accepting checks as part of your business, you better be using some type of merchant check verification. Why? One of the reasons that many people like to pay with checks is because it offers what is known as a “float.” Check... High Risk Merchant Accounts If you are running a business and collecting credit card payments, you will need a merchant account. A lot of people don’t realize that they don’t qualify for a standard merchant account due to several various factors. Those people then... When it comes to setting up a merchant account, the fees that are charged can quickly become confusing and overwhelming. Different fees are used to pay for different things. Additionally, there are fees that are charged at different times in the transaction process.... While a traditional merchant account is more about the payment processing and “capturing funds” from credit card transactions, internet merchant accounts offer more. These are accounts that help you manage your online storefront. Internet merchant accounts... When it comes to many financial services, including merchant accounts, some providers and brokers take a “one size fits all” approach. Unfortunately, one size does not always fit all, and you may need solutions that are unique for your business situation.... Learning how to accept SMS payments for merchants is a pretty simply process. SMS (short message service) is a super easy way for customers to make purchases at their favorite stores via text message. As text messaging technology becomes more and more prevalent among... Learning how to cancel a merchant account is pretty easy. Canceling your merchant account often takes place when you find a better deal with another merchant account service provider, or you hope to find one. How to cancel a merchant account simply involves notifying... What are interchange fees? This is a commonly asked question especially those new to opening up their own business. Learning the answer to, what are interchange fees, can help you understand exactly what you will be expected to pay for merchant account services as the... The Durbin Amendment with updated debit card interchange fees now effective Oct 1, 2011 will change the way banks, consumers and merchant account providers do business. The Durbin Amendment updates are going into effect at the beginning of October and most affect the... Merchant account service fee rates are often based on credit rating. Bad credit merchant accounts are designed for businesses with less than desirable credit scores. Read this article to find how to get a merchant account, even if you have bad credit. Did you know... Whether you are offering online services, or are located primarily offline, it is a good ideas to start accepting credit cards. There are many instances when shoppers want to buy something now, and can’t – because you do not accept credit cards. You can increase... A traditional merchant account is the most basic way to start accepting credit cards for your business. A credit card merchant account allows you access to an electronic processing network that permits you to have customer payments from credit and debit cards... When it comes to accepting credit and debit cards, the process may be more involved than you might think. Rather than having the customer swipe the card and the money landing in your bank account, there is an entire process called merchant services that you need to... Mobile Credit Card Processing refers to an array of technologies for processing credit cards on the move. If the network on which your equipment will run is reliable enough, this may be an option that will add versatility to your present payment options. It’s... There are some businesses that are considered “adult” in nature. These types of businesses have a very specific risk profile, since they are often associated with dangerous products or with products and services that are considered on the fringe of... Some might say there is no free lunch anymore, but that’s not always true…or is it? While some internet merchant accounts may be free of upfront charges – they all charge you the discount rate. More on discount rates can be found in our article about... When it comes to traditional merchant accounts, you have to be approved. There is a whole process to go through. If your business is high risk for fraud and/or chargebacks, you may not be approved. Additionally, if you have a low volume of sales, you may not be... The most popular brand of credit card is the Visa card. As a result, it is no surprise that so many merchants want to accept this card. And because chances are that most of your customers will probably have at least one credit card with the Visa logo, it is usually a... One of the most popular online payment methods is PayPal. The company was started in 1999 and is thought to be the first of its kind. PayPal is an eBay-owned company, so it is no surprise that the two are very connected. PayPal allows buyers to do so without sharing... Visa may be the most popular credit card brand in the world, but MasterCard is not too terribly far behind. Indeed, many customers are likely to have a MasterCard, and European customers are especially likely to use a MasterCard. If you want to allow your business to... 