Is it better to lease or to purchase credit card processing equipment? The answer is not that different from the choice when buying a car. If you lease you are paying more but the amount of money you pay is less and at you will be always paying something to the company. If you buy [...]
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who has written 21 posts for Credit Card Processing Help.
Oct
9
2010
9
2010
Sep
20
2010
20
2010
Verified By Visa & Secured By Mastercard
Verified By Visa & Secured By Mastercard are systems that offer an addition layer of authentication through use of a password. Card Holders can optionally choose to enable this extra layer or protection on their cards by choosing a password and an e-commerce site can choose to ask for a password for cards that have [...]
Sep
19
2010
19
2010
Tip for choosing a bank for merchant services
A best practice in choosing a bank for merchant services is to choose a bank that is different then the bank you keep your companies regular accounts. The reason for this if something (like fraud) happens with regards to your merchant account then the bank can choose to not only freeze your merchant account but [...]
Sep
17
2010
17
2010
How to add a credit card logo to my site
Adding a credit card logo help customers quickly and clearly what forms of payment you accept much like the stickers that storefronts put in their window. Here is one resource to get the perfect HTML and images for credit card logos.
Sep
15
2010
15
2010
What is a good rate for e-commerce credit card processing?
What is a good rate for credit card processing for an e-commerce site. The challenging thing in getting an answer on this is so many companies make pricing difficult to understand with things like tiered pricing, random fees, and difficult to follow pricing structures. One approach I recommend is finding a credit card company that [...]
Feb
10
2010
10
2010
A rundown on PCI compliance
One of the ways the credit card networks have tried to crack down on credit card fraud is by requiring merchants to comply with a set of rules called the Payment Card Industry Data Security Standard (PCI DSS). The PCI Security Standards Council (PCI SSC) was formed in December, 2004, to combine the security [...]
Jan
7
2010
7
2010
Turn your phone into a credit card machine?
There is now a device you can plug into your phone to turn your phone into a credit card machine. What? Right!
Chris O’Connell, professional photographer, explains it best with his video
There are many ways to use your cell phone as a credit card machine. Square works for iPhone and iPad. Paypal offers an app that [...]
Dec
10
2009
10
2009
How do credit card processors know how I captured my customer’s card info?
The mysteries of POS capture unraveled here…
There is a code out there for every capture method. When you send data for a transaction, this code (the POS Entry Mode) is automatically sent with it. Wouldcha like to know these codes? Here they are:
01 – Manually keyed (this will pertain to Visa internet [...]
Dec
6
2009
6
2009
Do I have to buy new equipment if I switch to a new processor?
Usually, no. Don’t let this one getcha. Most POS equipment is compatible with multiple processors and can be reprogrammed when you switch processors. Some processors will charge you a fee to do this, some might do it for free. If you are buying equipment for the first time, make sure to buy equipment and software [...]
Dec
5
2009
5
2009
What is the difference between daily and monthly discounting?
Daily Discounting: The discount you have accumulated on card transactions for the day is deducted from your merchant’s settlement account daily.
Monthly Discounting: With monthly discounting, this happens only once a month.
It is pretty much this simple, and many processors offer both.