Credit Card Processing

EMV PIN Debit – Common Questions and Problems

EMV Debit vs. PIN Debit My new EMV terminal doesn’t require a PIN for debit – what’s the issue? Terminal Not Set Up with Common AID The Customer Did Not Choose the Common AID What is US Debit vs Visa Debit? The Card is Not PIN-Preferring The Terminal Does Not Have Proper Injection PIN Debit…

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As the United States’ transition to chip cards crawls along, businesses are finding that debit card transactions aren’t going as expected. Some customers aren’t prompted for PINs when entering their debit cards, with the machine instead defaulting to signature debit. Why does this matter, and what can you do about it?

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Credit Card Processing, Specialty Businesses

Credit Card Processing Restrictions on Marijuana Businesses

In 2016, Alaska, California, Maine, Massachusetts, and Nevada voted to legalize recreational marijuana. While medical marijuana has long been available in the Golden State, with fairly flexible prescription standards, legalizing recreational marijuana in California is predicted to bring in billions. So can credit card processors and banks ever get a piece of the marijuana pie,…

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The legal marijuana industry is incredibly lucrative, but customers have little choice but to pay cash for their weed. That’s because while recreational marijuana is now available for sale through dispensaries in three states – Colorado, Oregon, Washington – as well as the District of Columbia, it’s not legal on the federal level. In fact, the federal government lists it as a Schedule I drug, considered as dangerous as heroin.

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Credit Card Processing

Card Present vs. Card Not Present Transactions

However, the rise of alternative payment channels has muddied the waters a bit, leaving some businesses confused as to why their transactions are CNP when they expected CP. Types of Transactions Why does it matter? Costs for Processing Chargeback Liability Test Your Knowledge Types of Transactions Firstly, let’s define “card-present” and “card-not-present.” More than just…

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On the surface, “card-present” and “card-not-present” seem like self-explanatory terms. Either the card was present at the time of a transaction or it was not present.

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Health and Fitness

zingFit Fitness Review

Unlike some other software choices, zingFit was specifically designed for group fitness businesses, meaning it’s particularly suited for yoga and pilates studios, bootcamp-style fitness classes, spinning, and other activities done in a group or on a team. The software does offer recurring billing services, so you could use it for individual-style gyms and fitness business,…

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A competitor of services like MindBody and RhinoFit, zingFit is fitness management software to help you run your fitness business.

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Credit Card Processing, Scams and Fraud

Avoiding Credit Card Factoring Scams

Officially termed “credit card factoring” or “credit card laundering,” this type of misrepresentation is illegal. You could end up with fines, lawsuits, and more. Under no circumstances should you sign up for a merchant account for someone else’s business in your name, or allow another business to use your business’ merchant account. Let’s look at…

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While it may not be the most common scam out there, at CardFellow we regularly field questions from people asking about opening a merchant account for someone else in your own name.

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Business

7 Mistakes Small Business Owners Make

While not every industry is the same and constructing a recreational dispensary in California’s newly legal market requires different paperwork than opening an organic juice stand in your local library, there are generalities in business. Half of legitimate businesses in the U.S. fail within the first year, according to the Small Business Administration. Even for…

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Starting and growing a business isn’t as easy as it can look on TV. You don’t just come up with an idea, raise money, and become the next unicorn startup.

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Credit Card Processing

Choosing a Credit Card Machine

Today we will discuss the most basic credit card processing device found in a retail business: the standalone credit card terminal. Stand-alone terminals are the simplest and most cost-effective method for accepting card-present transactions (payments where your customer hands you their card) in a retail environment. Although they are the most basic, there are still…

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One of the most heavily used and under-appreciated fixtures in every retail business today is the credit card processing device.

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Business

How to Accept Gift Cards at Your Business

Gift cards are a wildly popular option in the United States, with GiftCards.com claiming that 93% of consumers purchase or receive a gift card each year. Let’s take a look at the benefits, costs, and options for implementing a gift card program at your business, as well as laws to be aware of and fraud…

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Gone are the days of paper gift certificates that can’t be reused and are hard to track. These days, everyone is familiar with the gift card: a reloadable, credit-card-sized alternative.

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