Credit Card Processing, Security and PCI Compliance

First Data’s TransArmor Security

This places greater burden on businesses who invest painful amounts of money into PCI compliance, yet still remain vulnerable to data breaches. Chances are you don’t have the time to become an expert in security or payment technologies. You’re busy trying to understand customer needs so you can deliver the right goods successfully and efficiently: hopefully…

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Owning a business is complicated and it can be difficult to completely protect yourself from data breaches. Whether you have store and distribution center locations that number in the hundreds with tens of thousands of employees or run a two-man shop, constant vigilance over access points and sensitive data is a continuous, ever-changing security obstacle.

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Credit Card Processing, ecommerce

Braintree vs. Stripe: Which is Better for Online Payments?

The Braintree vs. Stripe comparison chart provided gives a quick side-by-side overview, but if you want the full details, each section of the chart is explained in depth below. (Click chart to enlarge.) What are online payment gateways? Braintree vs. Stripe – Fees Accepting Credit and Debit Cards Bitcoin Payments Chargebacks Taking Payment International Payments…

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The online payment market is getting more and more crowded. While greater competition is good for businesses, the sheer number of payment providers can be overwhelming. Here, we’ll take a look at two of the most popular options, Braintree and Stripe, to see which is better for ecommerce and online payments.

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Credit Card Processing

Credit Card Processing Downgrades at Interchange

Downgrades are an avoidable expense. The issue is that a processor’s expertise is required to recognize and address downgrades. However, processors have no financial incentive to do so. This leaves the burden of spotting and correcting downgrades on businesses. In this article I’m going to explain what downgrades are, how to spot them, and how…

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The term “downgrade” gets thrown around a lot when talking about credit card processing fees, and usually without any meaningful explanation. That’s probably because downgrades aren’t exactly a fun topic, and they’re somewhat complicated to explain.

With that said, downgrades result in a very real cost, and understanding what they are and how to avoid them is crucial to ensuring your business pays as little as possible to process credit cards.

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Credit Card Processing

5 Benefits of Credit Card Processing Integrated with Your POS System

All of these are important questions to ask. At a certain point, you may face a choice: Do I invest in a stand-alone system that works with other processors or an all-in-one platform that has credit card processing integrated within? We want to help make that choice as easy as possible, so here’s some info…

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When you’re evaluating POS systems, credit card processing is a big factor to consider. Does the point of sale system only work with a specific processor? What are the rates and fees, and are they transparent? Is it flat rate, tiered, or interchange plus pricing, and what is the difference? Most of all, how will credit card processing fees affect my bottom line?

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Credit Card Processing, ecommerce

Authorize.Net Credit Card Processing Fees – Get It Elsewhere

Authorize.net is a great gateway provider, but it’s not a credit card processor. It actually farms out its credit card processing to its parent company, CyberSource. It also charges higher fees for its gateway than some of its resellers. That means you can use Authorize, but get it (at lower prices!) through one of its…

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It sounds counter-intuitive, but a savvy business person can get the most competitive pricing for the Authorize.net gateway while paying as little as possible in credit card processing fees by not getting either service through Authorize.net.

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Credit Card Processing, Legal

Tennessee’s Credit Card Processing Fee Disclosure Law

Information provided in this article is for reference only. If you need legal advice regarding processor contracts or Tennessee’s law, consult an attorney. What is an effective rate? What’s good about Tennessee’s new law? What’s bad about the law? Why don’t bank-owned processors have to disclose the effective rate? What happens if a processor doesn’t…

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Effective March 1, 2016, Tennessee became the first state in the nation to pass a law about processing fee disclosures. The law (SB0316) requires that merchant service providers not owned by a bank calculate and list the effective rate for credit card processing on each monthly statement. What does this mean for Tennessee businesses and are businesses in other states affected?

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Case Studies, Credit Card Processing

[Case Study] The Grass Isn’t Greener: Business Owner Returns to CardFellow

Martin, a small business owner in Massachusetts, was concerned about what the EMV chip card liability shift meant for his business. As he looked into it, he was met with lots of conflicting information, and was left thinking he needed to upgrade his processing equipment almost immediately or he’d face high costs or missed sales….

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From CardFellow client to former client to current client again, one small business owner found that processing solutions available on the open market couldn’t compare to the solution he had through CardFellow.

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Credit Card Processing, Legal

Early Termination Fees: Canceling Your Merchant Processing Agreement

In this article, attorney Nate Baber from Aeton Law Partners, LLP explains exactly what to look for in your merchant contract and what to know before you cancel. First Things First: Personal Guaranty Where to Look for a Personal Guaranty Types of Termination Fees Flat Fee Liquidated Damages How to Avoid Paying a Cancellation Fee Can’t…

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At some point in business ownership, you’ll probably find yourself needing to cancel your merchant account for credit card processing. When you do, will you be stuck with cancellation fees? Can you be personally held responsible for ongoing costs, like chargebacks that occur after cancellation?

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