Credit Card Processing, Specialty Businesses

Wepay, Stripe Connect, and Platform-Style Credit Card Processing

Called “platform” or “marketplace” payment processing, this special type of merchant account enables you to securely accept payments when you run a marketplace instead of a direct-to-consumer business. In this article, we’ll take a look at a few major players: Wepay, Stripe Connect, and Heartland for Platforms. This article assumes that you already have a…

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If you’re looking to accept credit and debit payments from one client on behalf of another client, you’ll need specialty credit card processing.

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Credit Card Processing, Security and PCI Compliance

Tools for Protecting Your Business from Credit Card Fraud

Many businesses, especially smaller companies, don’t think much about credit and debit card fraud. But oversights and not using proper anti-fraud tools can add up to expensive mistakes. Taking precautions can help minimize your risk. Fraud Prevention for Business Debit and Credit Card Fraud: The Consequences Preventing Card Fraud Types of Debit and Credit Card…

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Taking credit cards is necessary these days. So is protecting your business from potential fraud those cards can bring.

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Credit Card Processing

Clover vs Vital: POS Systems and Credit Card Machines

As First Data and TSYS are competitors, it’s no surprise that TSYS looks to challenge First Data on the equipment front. After First Data’s success with the Clover line of processing machines, TSYS had to do something to catch up. Enter the Vital line. In this article, we’ll compare the Clover equipment and the Vital…

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In this corner, Clover: the point of sale and mobile solutions available from processing giant First Data. In this corner, Vital: the newcomer from major processor TSYS. How do they compare?

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Credit Card Processing, Medical and Dental

Dentrix Pay – The Cost of Convenience

Many practice use Dentrix practice management software, but if you take credit cards through the software, you know that it’s not cheap. How much money are you leaving on the table, and what are the alternatives? The truth is, how much you can save depends on what you’re paying now and how much of that…

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Many practice use Dentrix practice management software, but if you take credit cards through the software, you know that it’s not cheap. How much money are you leaving on the table, and what are the alternatives?

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Credit Card Processing

Is Stripe Chargeback Protection Worth It?

There are a few important considerations. Here are things to keep in mind about Stripe chargeback protection: The chargeback protection program costs 0.40% per transaction. That’s not exactly cheap. Not all chargebacks are eligible. In fact, quite a few types are ineligible. “Risky” transactions will require use of 3D Secure anti-fraud tools. 3D Secure already…

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In June 2019, Stripe announced a new chargeback protection program. For an additional fee, Stripe will cover the cost of some disputed transactions. That sounds good, but is it actually worth it?

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Credit Card Processing, Legal, News

Is the Payment Card Settlement Legit?

First of all, I’m referring to the lawsuit formally named In Re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation. You may also see it called the Payment Card Interchange Fee Settlement, which should be the return address. It’s a good idea to verify that any paperwork you’ve received matches this information. Unfortunately, there…

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If you received a notice of a class action lawsuit claiming you may be affected by a payment card settlement, you’re probably wondering if it’s legitimate. It is, but there are some important things to know.

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Credit Card Processing

The Best Point of Sale Apps 2019

Depending on the app, you can expect features like inventory management, employee timeclock / tracking, and detailed reporting, as well as industry-specific functions. In fact, the right POS app can help you streamline everything from product ordering to employee time tracking. But which point of sale apps offer the best value? We’ve narrowed down our…

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Point of sale apps let you carry out more functions than simple cash registers or credit card readers.

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Credit Card Processing, Legal

Worldpay Potentially Grabbing Millions in Hidden Fees

Update: 1/3/2020 I originally wrote about Worldpay’s questionable practice described in the article below back in May of 2019. Then, I helped the folks at Reuters understand what was happening in order to shine a brighter light on the subject. Reuters published its article on the topic in August of 2019. I wish the article…

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Several recent lawsuits have put the spotlight on a whole series of alleged schemes by processors to collect junk charges disguised as legitimate fees.

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