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What Does Credit Card Processing Cost?

There are a number of payment providers that enable you to accept credit cards. Whether you interact with them directly or not, there are a handful of fees you have to pay for the privilege of accepting plastic.
Christina Lavingia 9/4/2018 READ MORE
What Are Credit Card Processing Fees?

As a business owner, you need to make a profit from the goods and services you provide in order to stay in business. This is why fees, especially for the privilege of simply accepting credit cards, can be so frustrating.
Christina Lavingia 8/30/2018 READ MORE
What Are AVS and CVV?

When a customer visits your business and pays with a credit card, it’s fairly easy to confirm the legitimacy of the purchase. A diligent cashier could ask to see photo ID to confirm that the person in front of her is, in fact, the cardholder. The name and face should match.
Christina Lavingia 8/28/2018 READ MORE
Credit Card Processing Basis Points — What Are They?

Every industry has its jargon, and credit card processing is no different. You are probably familiar with more-common terms just from bumping elbows with folks in the industry. These include Interchange, EIRF, downgrade and tiered. However, there are others that are used less frequently and are purposefully deceptive, such as settlement funding, padded dues and assessments, breach coverage security, etc.
Casey Russell 8/23/2018 READ MORE
Credit Card Processing Agreement Form: 3 Tips to Know

A credit card processing agreement form can hide terms and omit specific rates that could do significant financial harm to your business if unaddressed.
Ursula Librizzi 8/21/2018 READ MORE
How Does Credit Card Processing Work Diagram

When people think about credit card processing, they likely think of waiting for their transaction to process or their Merchant Service Provider, depending on which side of the transaction they inhabit. But there are a number of middlemen involved in credit card processing, and even businesses don’t necessarily interact directly with each one of them.
Christina Lavingia 8/14/2018 READ MORE