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Showing posts from December, 2023

4 Important Features To Look While Doing Credit Card Processors Comparison

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  Choosing the best among the top credit card processors for your business is an extremely critical decision, especially when it comes to seamless and secure credit card processing . After all, it is they who handle your money because businesses across the world count on top credit card processors such as WebPays for convenient, safe, and affordable credit card processing . Let us find out what important features you should consider while comparing the top credit card processors for seamless credit card processing solutions. #1. PCI DSS Compliance Process The Payment Card Industry Data Security Standard (PCI DSS) refers to a widely accepted set of procedures and policies that are intended to optimize the security of digital transactions to protect cardholders against any possible misuse of their personal and financial information. Although PCI DSS compliance is not a legal regulatory requirement or law, it is an integral part of contractual obligations that businesses processi

Learn Some Terms Used In Credit Card Processing

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It's easy to get overwhelmed or lost when navigating the world of top credit card processors and credit card processing . Why? Credit card processing can be a complex system with an even more complicated set of terms. In this ultimate guide to credit card processing terminology, we'll be reading about some of the most common terms used by top credit card processors in the world of credit card processing . Ultimate Guide to Credit Card Processing Terminology Acquiring bank/acquirer : It refers to a financial institution or bank that is entrusted with the responsibility of processing credit card transactions for business owners. Merchant accounts are maintained by acquiring banks that issue interchange fees. Batch Processing: It refers to the merchant processing numerous transactions at the same time to save cost and human resources over time by processing and automating multiple transactions as a single group. Card association/card network : They license and manage

Important Payment Solution Trends To Look For In 2024

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As a business owner, it's important to always have your eyes wide open and set on the future. Today, technological advancements, global events, and changing consumer preferences have revolutionized the trajectory of payment methods and how businesses accept credit card payments via a seamless credit card payment solution . While there are countless important payment solution trends to look for in 2024 and beyond, let us have a close look at some of the top 2024 POS trends and payment processing predictions. Top 2024 POS trends and payment processing predictions With 2024 around the corner, let's look at some of the most interesting and top 2024 POS trends and payment processing predictions. Enhanced mobility The world is getting more mobile, interconnected, and smaller with every passing day. In 2023, the number of mobile users worldwide stood at 7.33 billion and the number is expected to grow to 7.49 billion by 2025. The mobile payment market in the United States alon

How To Negotiate Credit Card Transaction Fees?

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In recent years, more and more merchants are counting on a credit card payment solution to accept credit card payments . This is not just because credit cards allow merchants to tap into a broader customer base as they facilitate international trade, but also because they act as a secure, fast, and convenient payment option for customers. However, credit card transaction fees can eat into merchant profits. Therefore, merchants need to know how to negotiate credit card transaction fees effectively. Negotiable and Non-Negotiable Credit Card Transaction Fees Credit card transaction fees affect both consumers and merchants. These fees can be categorized into: 1.        Negotiable credit card transaction fees 2.        Non-negotiable credit card transaction fees Let us explore the different negotiable and non-negotiable credit card transaction fees. Interchange Fees ü   Nature : These fees are charged by card networks such as Visa and Mastercard. ü   Negotiability : Usually

Transform into a New Payment Processor this Holiday Season

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  The holiday season is upon us. It's also the perfect time for everyone to give things of the past a good thought and take a positive approach towards overall well-being in the days ahead of us or simply take a fresh start. As the calendar turns to 2024, many of us may set new life goals such as fostering stronger relationships, pursuing education, or adopting a healthier lifestyle. Similarly, merchants who want to make it big this holiday season and in 2024 & beyond can benefit from embracing modern payment processing solutions offered by a credit card merchant account . After all, leading a successful life and business is all about making the right decisions at the right time and place. Similarly, the decision to integrate secure and user-friendly online payment systems can help merchants reach a broader customer base and adapt to the evolving digital landscape this holiday season and beyond. Much like personal resolutions, a merchant's commitment and relentless purs

Does Anything Happen To A Business Credit Card When The Business Name Changes?

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Your business card is like your business card. It lists your business name and may even be personalized with your business logo. So, what happens when you change the business name? Do top credit card processors that facilitate credit card processing observe a similar process to facilitate such a name change? Will the credit card no longer work? Let us find answers to these and many similar questions to learn what's the best course of action to notify top credit card processors that facilitate credit card processing to get the change done. Before we go into the details regarding the procedure to change the business name on the credit card, let us first find out under what circumstances you can apply for a change in the credit card name. Ø   Your business merges with another business. Ø   Your business has changed its focus and the new name better reflects that changed positioning. Ø   A business owner sells the business and the new owner wants a different name. Ø   A new name