High-Risk Virtual Terminal: What It Is and How To Choose the Right Setup

If you’re a small business, you face a few more obstacles when it comes to payment processing compared to large organizations. That’s not to say you don’t have options, but many are designed for big corporations, or at least medium-sized businesses with far more employees.  For many, that’s where Square comes into the equation. The […]

When you make a payment – personal or business – do you think much about what goes on behind the scenes? Probably not, and you’d be in the majority for thinking that way. Yet, the truth is quite surprising – the payment processing industry is booming; in fact, in 2023, around $1.8 quadrillion was handled […]

There are many types of credit card fraud around; in fact, the sheer scale of it might surprise you. While it shouldn’t make you feel unduly unsafe whenever you shop online or use your card in an ATM, it’s important to always be aware of the ‘what ifs.’ After all, you don’t want to hand […]

As a business, you want every customer to be completely satisfied with their purchase. However, even when you have the best quality of products and services, there are times when customers decide to get their money back. Depending on the circumstances, this may lead to a chargeback or refund. For merchants, these transactions can quickly […]

Since the 1970s, the American Bankers Association has served as the registered authority for bank identification numbers (BINs). Originally, the American National Standards Institute (ANSI) and the International Organization for Standardization (ISO) first invented this system to help with speeding up transactions, simplifying the authentication process, and preventing identity theft.  Today, your bank identification number […]

When you’re wrapping up your MBA and starting a business, a lot of the focus is on lowering your overhead costs, paying attention to variable costs, and tracking your bottom line. Often, entrepreneurs forget about the many fees charged by payment processors. However, this forgotten fee can quickly add up. By being proactive about managing […]