Credit Card Processing Blog

At one time, cashiering was straightforward, with a button-based cash register stationed at a specific place in an establishment. Thanks to mobile technology, however, retailers now have the ability to move equipment around, accepting payments from the sales floor or at trade show booths. Virtual terminal payment processing is serving as a popular compromise between mobile payment processing and POS. Using a tablet and a few pieces of equipment, a merchant can be set up to accept payments inexpensively. If a merchant prefers, a laptop or desktop computer can be equipped with a credit card reader for accepting payments. Virtual terminals also offer businesses the ability to accept payments via mail or over the phone, with no physical card required. Virtual Terminal Defined A virtual terminal acts as the online version of a credit card processing terminal, providing a merchant the ability to accept payments without expensive equipment. Whether this payment is via credit card or Automated Clearing House (ACH) payments, the virtual handle securely handles these transactions. Traditionally, virtual terminals were ideal for businesses that handled transactions by mail… Read more

If you’re shopping for a great deal on credit card processing, you may have a list of questions to ask. At the top of such lists is usually a question like, “What’s your credit card processing rate?” It seems like a natural question, especially if you’re comparing different paymemt processing providers. Being given a set rate can help you as you call other companies. However, with so many factors going into determining a rate, you likely won’t get the answer you want with that question. The company will probably give you an explanation of the pricing model on which your rate will be determined. A better question than “What’s your rate?” is, “Tell me about your pricing model.” Here are a few things you’ll need to determine in your conversations with various processing service providers. Interchange Plus Pricing vs. Tiered Pricing These two pricing models are dramatically different and, depending on your own business model, one will emerge as a better solution for you. Interchange fees are set by the card companies and are a required part of the fees… Read more

Hotel chains have their own unique credit card processing needs, with a guest usually making reservations months in advance, either over the internet or by phone. Since reservations are often made months in advance, the initial reservation merely holds the room, to be charged only if the guest never shows. A business in the hotel industry has similar needs whether it is a small bed and breakfast or a large chain of resorts. Recognizing the unique needs of hoteliers, credit card processing services have created a suite of services specific to this segment of the hospitality industry. As a business in this industry searches for processing services, it’s important to search for a processor that has services unique to those needs. Here are three major things you’ll need to begin accepting credit cards for your hotel chain. Multifunctional Processing Capabilities In addition to being able to integrate with your website and telephone reservation desk, your payment processor must be able to seamlessly operate throughout your hotel. A customer should be able to present the card at your front desk, spa,… Read more is so confident that it can beat any other processor's rates that it's currently offering potential clients a $50 American Express gift card if they can find a lower offer. This is a good sign right off the bat. What's even better is that merchants also receive a free credit card reader for mobile devices when signing up with With processing rates starting at just 0.39%, the free perks simply show how committed the company is to fulfilling your business needs. services a wide range of industries, including retail, wireless, and ecommerce storefronts. For a full review of what this credit card processor has to offer, check out our video below where we dig into the good, the bad, and the ugly of what truly offers. Be sure to check back for more video tips and company reviews soon! Read more

Recurring billing has become a popular way for consumers to pay bills, benefiting both the merchant and its customers. With recurring billing, a payment method is charged automatically at an interval determined by the business. The customer agrees to have his card or bank account charged on a specific date on a recurring basis. Often customers are charged once per month or once per year, depending on the service. While recurring billing tends to foster loyalty and eliminate late payments, it is a better option for some businesses than others. Before you make the switch, here are a few things to consider to determine if recurring billing is the right choice for you. Is Your Model Subscription-Based? The top criteria for recurring billing is that your service is subscription based. This is especially true if your subscription model generates a monthly payment, rather than one that is only once each year. If customers register with a credit card, cards can easily expire from one year to the next, leaving you to constantly have to track whether your customers have updated… Read more