Credit Card Processing Blog

One of the reasons we create our annual list of the best credit card processing companies and regularly publish new articles for business owners is the processing industry can be quite confusing. Although every provider promises that the services they offer are simple and easy, that’s not the experience many business owners have. For example, a business may be pressured into signing up with a processor with expectations that they’ll receive a straightforward bill each month. Then when they receive their first one, the fees and terms they see on it may not be what they were expecting at all. Making Sense of Credit Card Processing Terms In addition to using the resources we publish on our site, it can be very helpful to know what certain terms mean in advance. By having this knowledge, you’ll be able to make the most informed decisions about potential processing companies. The first term we want to cover is advertised rate. This term refers to the rate you’ll see when you look at different processing companies online. While companies do actually offer these… Read more

Does your business send paper invoices or bills on a regular basis? If so, you’re probably well aware that the total cost of this activity exceeds the price of first class postage. Although it can be easy to overlook, it’s common for a significant number of hidden costs to accumulate with paper invoicing or billing. That’s why we want to cover where those costs occur, as well as what you can do to eliminate them: 3 Additional Costs Associated with Paper Invoices and Bills The first cost associated with these types of payment notifications is the labor that’s required to compile and get them sent. The second cost is supplies like paper, toner and envelopes. While those items may not seem like much, they can really add up for businesses that send out a lot. Finally, there’s an additional labor cost for dealing with mistakes or unpaid invoices. Those types of issues can also have a negative impact on cash flow. It’s also worth mentioning that for businesses interested in being eco-friendly, using lots of paper is not ideal. Say… Read more

At the beginning of the year, we explained that online fraud prevention is more important than ever. The reason is EMV has significantly reduced in-person fraud, which has led to criminals focusing more on opportunities to conduct online fraud. While this trend has continued, the reduced opportunities for in-person fraud has led to a rise in another type of fraud as well. The latest form of fraud that’s becoming increasingly common involves merchant accounts. Fraudsters are opting to bypass attempts at retail or POS theft and instead go after merchant accounts directly. A new report shows that close to 50% of all fraud incidents involving small businesses are targeted at a merchant account. The two most common causes of this type of fraud are hacking into a business messaging system like email or stealing payment data from customers. Details of the Rise in Merchant Account Fraud Based on research done into 500 micro (under $1M in revenue) and 500 small (under $10M in revenue) businesses, over 5% of the businesses from each group were affected by this type of fraud… Read more

One of the great things about the Internet is it’s a global platform. By creating a website for your business, you can reach customers across the globe just as easily as you can those in your own city. While reaching a global audience is now something that’s no longer limited to massive corporations, there is a common challenge for small and medium businesses. The obstacle many businesses run into is handling payments from outside the United States. Regardless of whether a business sells a product or service, expanding marketing efforts to target prospects outside the US can create a dilemma of being unable to close transactions with visitors that come to a site from international locations. If your business has encountered this problem or you’re concerned about it hindering future growth, we’re going to cover exactly what you need to know to accept international payments in a reliable and secure manner. What It Takes to Accept International Payments The simplest answer to how can US businesses accept international payments is you need a processing company that supports international transactions. However,… Read more

Starting a business is no easy task. And growing a business can be just as challenging. Because there are different stages in the life of a business, what matters most to the owner often changes over time. With those changes may come the need for a business owner to focus on and learn new information. Payment processing is a subject that is generally quite important for businesses across virtually all industries. While some businesses may start out only accepting cash in their very early days, it generally doesn’t take long for the importance of accepting different kinds of payment to become apparent. And as a business grows, they may have new payment processing needs. Regardless of the stage your business is at, if you’re an owner who’s looking into payment processing options but is feeling a bit overwhelmed, know that you’re far from being alone. A big part of why we’re passionate about educating through our website is the credit card processing industry isn’t always the most welcoming. Between the types of terms that are used, the vague promises made… Read more