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Understanding Credit Card Authorization
Cardholders ultimately give businesses credit card authorization to request funds from their accounts. Authorization requests start when cardholders key in, swipe or insert their debit or credit cards through traditional credit card readers or Virtual Terminals. After waiting three to 22 seconds, depending on the business’s card reader speed, the transaction will either be approved or declined.
Ursula Librizzi
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How to Calculate Your Credit Card Processing Effective Rate
When a business is considering taking credit card payments, there are several questions that should be answered before they select a partner, including the following:
Casey Russell
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What Is EMV Credit Card Processing?
EMV credit card processing entails a series of steps to authenticate a payment by ‘dipping’ or ‘inserting’ an EMV-chip card. To correctly process an EMV credit card, a level-3 EMV certified card reader is required.
Ursula Librizzi
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How to Read a Credit Card Processing Statement
When seeking an answer to this question, it’s vital to know that no two credit card processing statements are exactly the same. Statements vary among providers in regard to how sections are labeled, the order they appear in, the names — and shorthand — of different fees, etc.
Christina Lavingia
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How to Set Up Credit Card Processing for Small Business
You run a small business and are ready to take the next step: accepting credit cards. Congratulations! Whether this is your first business or a new venture you’re investing in, you might not be too familiar with credit card processing.
Ursula Librizzi
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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
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