Business, Credit Card Processing

Venmo for Business

Ben Dwyer
by Ben Dwyer

In this article, we’ll take a look at what Venmo is, current acceptance options, and the company’s plans for business acceptance to answer the question, “Can I take Venmo at my business?” What is Venmo? Venmo and Business Business Limitations Venmo Through PayPal Issues with Venmo for Commercial Transactions Competitors: Symple What is Venmo? Venmo […]

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With bill splitting apps like Venmo rising in popularity, especially among younger demographics, many businesses are wondering about accepting those payment methods directly. While Venmo does allow for business use, there are limitations – as well as some concerns – to be aware of.

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Credit Card Processing

High Risk Merchant Accounts

Ben Dwyer
by Ben Dwyer

Some people think that “high risk” applies to “vice” businesses – things like alcohol, firearms, and adult entertainment. While those often are high risk, they aren’t the only ones, and the reasons why have little do with processors’ opinions on the business. In this article, we’ll talk about industries that are considered high risk and […]

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In credit card processing, certain businesses are considered “high risk” and will need a processor that specifically supports those business types. But there’s some confusion about what exactly “high risk” means.

high risk merchant account

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Credit Card Processing, Security and PCI Compliance

Fighting Fraud with Machine Learning

Ben Dwyer
by Ben Dwyer

There are several good techniques for fighting fraud, including biometrics and multi-factor authentication, but alone, they aren’t enough. Instead, payment providers and the card networks need to dig into the vast amount of payment information that’s produced every day to find patterns that indicate likely fraudulent activities. They can then use this data to find […]

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Fraud remains a thorn in the side of businesses, credit card processors, and customers. In fact, credit card fraud created losses in the billions every year.

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Credit Card Processing, News

Should Your Business Go Cashless?

Ben Dwyer
by Ben Dwyer

The use of cash as the de facto payment option is shrinking, and nearly 40% of Americans favor going completely cash-free. Then, in the summer of 2017, Visa stepped up a “war on cash” by offering businesses money to go cashless. If you run a business, it’s almost inevitable that much of your sales are […]

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The way we pay for things is changing. The wide availability of credit cards, debit cards, contactless payments, and online shopping has transformed our payment options.

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Credit Card Processing

Mastercard and Visa Limited Acceptance Programs

Ben Dwyer
by Ben Dwyer

Let’s take a look at what you’ll need to do if you want to accept only one type of card. What is Visa Limited Acceptance? Mastercard Acceptance Factors to Consider Cost Savings Customers’ Payment Preferences Competitors’ Card Acceptance Surcharging Rules Accepting Debit Cards Only Accepting Credit Cards Only Possible Drawbacks For Debit Only For Credit […]

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As a small business owner, you may wonder if you can accept only debit cards or only credit cards. The short answer is yes, but there are rules you’ll need to follow and considerations before making that decision.

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Credit Card Processing

Saving Money with Interchange Optimization

Ben Dwyer
by Ben Dwyer

For most businesses, the problem with ensuring optimal interchange is that it’s confusing, and your processor has no incentive to assist you. The time needed to learn the ins and outs of interchange in order to ensure you’re properly optimized is significant, and since the savings only benefit you, not your processor, you’re usually on […]

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Interchange optimization goes beyond the basics of credit card processing. It’s about making sure that your interchange charges (the fees going to the banks that issue credit cards) are optimal for your business and that you’re avoiding downgrades.

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Credit Card Processing, Security and PCI Compliance

Biometrics for Payment Security

Ben Dwyer
by Ben Dwyer

Credit and debit card fraud cause losses in the billions. Anything that can reduce the impact of fraud will significantly improve confidence throughout the payments marketplace and save businesses money. One potential way to fight fraud is through the use of biometrics — your uniquely identifying personal features like fingerprints, voice, face, or eyes. Let’s […]

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One of the main issues in the payments industry is how to combat fraud. Although fraud impacts less than 1% of all transactions by some estimates, it’s still a major concern for consumers, banks, card networks, and businesses.

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Business

Vantiv BizShield Powered by Womply

Ben Dwyer
by Ben Dwyer

In the digital age, small businesses can’t afford to ignore reviews, but it can be time-consuming to scour different sites for mentions of your company. BizShield provides 24/7 monitoring with an email alert system that will let you know when something needs your attention. Read on for more details to see if it’s a good […]

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In conjunction with Womply, credit card processor Vantiv has announced that it offers a tool called BizShield, designed to assist small- and medium-sized businesses. BizShield helps with social media oversight and reputation management, market trends, and competitor analysis.

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