Credit Card Processing Blog

If you run a small business, you probably don't have extra cash to toss in the pockets of overcharging credit card processors. The goal of diversifying your payment infrastructure should be to see more wins, not the other way around. That's why we're here to offer you some advice on how to best save money on your processing. We hope it helps save you a few dollars along the way. Read more

Have you ever walked into a gas station to buy a Pepsi only to find that you had to purchase another item in order to pay with a credit/debit card? It's one of the more annoying things for customers, but a complete necessity for many merchants. We thought we'd help demystify this process so that we all have a better understanding of why minimum credit card purchases exist. Read more

Despite the fact that Android is the dominant mobile operating system, solutions seem to be consistently geared toward iOS. If your business runs on Android tablets and smartphones, finding the best payment processing service can be challenging, since some providers’ mobile options are compatible solely with iPhones and iPads. As Android tablets have grown in popularity, however, this trend has begun a gradual shift. Today’s merchants have a wide variety of options for their virtual terminals. Here are some tips for setting up your Android tablet to serve as your in-store POS. Android-Based Virtual Terminals For a more comprehensive solution, a merchant should shop around for an all-in-one virtual terminal solution. An Android virtual terminal includes a cash drawer and credit card reader, as well as a receipt printer and PIN pad. This offers a business the professional POS setup it needs. In some cases, additional mobile devices can be added to the system to help with handling in-store customer volume. Another option for businesses is to set an Android tablet up with a swivel base that allows it to… Read more

As tax time approaches, retailers are preparing to deal with all of the paperwork that comes with filing. Even businesses that use a tax preparation service are forced to gather sales data for accountants to use to complete the necessary forms. Most merchants pay taxes on a monthly or semi-weekly basis, which means the big tax deadline is just a system of checks and balances. If you’re shopping for a POS for your business, now is the time to consider a system that will do part of the work for you. For existing systems, modules may be available that will connect your POS to accounting software that will help. Your register is tracking purchases anyway, so why not put that technology to use to help you with your taxes? Integration Options While POS software can calculate sales tax and offer reports for tax purposes, a retailer needs more robust tools for handling tax filing. For the widest range of options, most merchants will need to find a solutions provider that offers integration with one of the more popular tax software… Read more

Credit card fraud cost businesses $11.27 billion in 2012, according to the Nilson Report, including the cost of lost merchandise and chargeback fees. As criminals have become more sophisticated, businesses are challenged to protect themselves, catching fraud early to avoid costly losses. If businesses can learn to spot a bad credit card number from the beginning, they can turn suspicious purchases away and avoid problems. But how does a business reduce fraud without turning away valuable income? Spotting credit card fraud has become even more complicated in an era of card-not-present transactions, where businesses can’t verify signatures or check IDs of customers. There are a few ways credit card fraud can be detected, both in store and over the internet. Here are a few tips for detecting fraudulent transactions at the point of sale. Use Verification With Address Verification Service (AVS), the billing address of the customer is compared with the billing address entered online or given by phone. If the two come back as a mismatch, the transaction is declined. While some address mismatches can be due to customer… Read more