Merchant Account Glossary
Point of Sale (POS) Systems in Card Payments
A Point of Sale (POS) system serves as the central component in the transaction process between a business and its…
April 26, 2024
Bitcoin in Credit Card Payments
Bitcoin, a digital currency introduced in 2009, has become a viable payment method for businesses seeking to modernize their transaction…
April 26, 2024
What is a Merchant Cash Advance?
A Merchant Cash Advance (MCA) is a financial product that allows businesses to receive an upfront sum of money in…
April 25, 2024
Tokenization In Payment Processing
Tokenization is a security technology used in payment processing to protect sensitive customer data. It replaces original data elements, such…
April 25, 2024
Electronic Benefit Transfer (EBT) For Business Owners
Electronic Benefit Transfer (EBT) is a system used by state governments in the U.S. to issue benefits via a magnetically…
April 25, 2024
Understanding Interchange fees in Credit Card Processing
Interchange fees are transaction fees that merchants pay whenever a customer uses a credit or debit card to make a…
April 25, 2024
What is Tiered Pricing in Merchant Accounts For Credit Card Processing?
Tiered pricing in merchant accounts categorizes credit card transactions into different rates defined as qualified, mid-qualified, and non-qualified tiers. This…
April 25, 2024
Non-Qualified Rates and How They Affect Your Business
Merchant Account Definitions & Terminology: Non-Qualified Rate - What is a Non-Qualified Rate? The Non-Qualified rate is most often found…
April 25, 2024
Are Mail Order/Telephone Orders (MOTO) Ideal For Card Payment Business?
Mail Order/Telephone Order (MOTO) transactions refer to the process where customers make purchases through either mail or telephone communications, without…
April 24, 2024
Early Termination Fees (ETFs) and Your Card Payment Business
An Early Termination Fee (ETF) or Early Cancellation Fee is charged by service providers when a business owner decides to…
April 24, 2024