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What is a virtual terminal for credit card processing? A virtual terminal is a method of accepting credit and debit card payments using your computer. Businesses enter the card details on behalf of a customer into a secure online form. You can manually enter (key) card info or swipe it with an optional card swiper. …
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In business, computers and the internet are making it easier than ever to streamline processes for maximum efficiency. A prime example is electronic invoices, offering the ability to send paperless bills to clients and even accept payment online. Read this intro to learn how to send electronic invoices and take advantage of the time savings.
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With consumers now regularly shopping on the internet, it’s more important than ever for businesses to be able to take credit cards online. Securely accepting payments on your website is convenient for customers, and could boost sales.
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There are many merchant account providers (commonly known as “credit card processors” or just “processors”) so it’s important to understand what a merchant account entails and what to keep in mind both when you apply and while processing. While merchant accounts aren’t free, we’re not going to tackle rates and fees extensively in this article. …
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Information provided in this article is for educational purposes only and does not constitute tax advice. For tax advice for your business, consult a tax professional. Paying Fees on Sales Tax When you process a credit card transaction, your customer’s credit card is charged for the total amount of the sale, including sales tax. Transactions …
Don’t Lose Money from Processing Fees Paid on Sales Tax Read More »
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An ACH delay is not the most restrictive condition a processor can impose, but it’s still important to consider how it will affect your merchant account. Find out what this means for your business in this article. What is an ACH delay? An ACH delay is a temporary hold on an electronic deposit from an …
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Merchant account holds or full account freezes disrupt your cash flow and can make it difficult to conduct business. In this article, we’ll take a look at both holds and freezes, why they happen, and what you can do about them. This article refers to account holds and freezes on funds from sales at a …
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Let’s take a look at what matters – and doesn’t – when it comes to applying for a merchant account. Why does my personal credit matter? When a business runs a credit card transaction, funds are removed from a customer’s credit account and are deposited to the business’ bank account under the assumption that the merchant …
