All Posts by Ursula Librizzi

What Is Online Credit Card Processing?

What Is Online Credit Card Processing?

Online credit card processing refers to card-not-present payments that are completed on an e-commerce website via a Payment Gateway. The gateway is either provided by or integrated with a Merchant Service Provider. To be successful in online credit card processing, there are certain services and tools that are required, while others are nice to have. Learn about the providers involved, requirements and how you can simplify back-end e-commerce operations. Online Credit Card Processing Setup Before you can start online credit card processing, you need to set up the following: Website Hosting: The technology and services needed for your website to…

How Merchant Services Work

How Merchant Services Work

There isn’t a single answer to the question “How do merchant services work?” Merchant services is complex. On the surface, it seems self explanatory, but peel back the layers and the intricacies are revealed. When it comes to explaining how merchant services work, it’s important to explain all aspects of it. Below, we state and describe six facts that relate to how merchant services work. 1. Merchant services is powered by multiple providers. The truth is there is not a single provider that powers merchant services. Yes, businesses seeking merchant services can work with a single provider, but…

Why Your EMV Card Reader Should Take Contactless Payments

Why Your EMV Card Reader Should Take Contactless Payments

In 2015, the United States saw a major shift in consumer payment methods from traditional magstripe cards to EMV-chip cards. This transition is referred to as the EMV liability shift. With the majority of U.S. consumers now paying with chip cards, the next wave of technology is about to roll out: contactless payments. In 2017, major card brands started issuing EMV-contactless cards to consumers in anticipation of this upcoming payment-culture change. Businesses processing credit cards should be prepared for this change as more and more consumers opt for EMV contactless payments. Before we jump into the why, let’s…

How to Get an Online Merchant Account

How to Get an Online Merchant Account

With the exception of choosing a credit card terminal, getting an online merchant account is no different from setting up a standard merchant account for brick-and-mortar use. The process is exactly the same, comprised of an application process and the submission of supporting documents. Acquiring an online merchant account is one thing, but its components and how they fit into the overall structure of online processing differ significantly from those related to a standard merchant account. Before we jump into the disparities, let’s do a quick review of the mechanics behind online merchant account processing. Online Merchant Accounts: How…

Are EMV Chip Readers Mandatory?

Are EMV Chip Readers Mandatory?

In the wake of the liability shift, many businesses that process credit cards and providers in the payments space scrambled to become EMV compliant. Since the introduction of EMV chip readers, there has been much back and forth on whether EMV chip readers are mandatory and whether they have any implications for certain parties. Below, we set the record straight for those still confused about EMV chip readers and their related requirements. EMV Chip Readers and Businesses Businesses that process credit or debit card transactions are not legally required to have a functioning EMV card reader in their store. So,…