Credit Card Processing

EMV Fallback: Fees and Definitions

There are a few situations where this can happen, which we’ll take a look at in this article. While occasional fallback transactions are okay, too many can bring fines and other penalties. Additionally, magnetic stripe transactions are not as secure as chip transactions, so you’re opening yourself up to greater liability if you don’t properly…

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EMV fallback refers to a transaction where a customer uses an EMV (chip) card in a chip-capable terminal, but the transaction doesn’t go through as a chip transaction. Instead it “falls back” on magnetic strip technology.

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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

What’s the Difference Between EMV and NFC?

More people use credit cards for payments and mobile phones are becoming a popular consumer payment option as well. Apple, Android, Samsung, and Chase all offer ways for customers to use their smartphones for payments, and new services are popping up all the time. eMarketer forecasted a 210% growth in mobile payment transaction value in…

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There was once a time when all you had to worry about was having enough cash on hand to provide customers with change. Of course those days are long gone. These days you need to be prepared to handle a slew of payment options.

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Credit Card Processing

FreshBooks vs. Intuit GoPayment and QuickBooks for Taking Credit Cards

While there are plenty of mobile card readers (such as those available from Square, Authorize.Net, AnywhereCommerce, and more) FreshBooks is one of few that is offered by and directly integrates with accounting software. The main competitor in that arena is Intuit’s GoPayment, the mobile processing solution from the makers of QuickBooks. How do FreshBooks mobile…

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Accounting software company FreshBooks rolled out an EMV/magstripe mobile credit card reader in the spring of 2016. We have a full review of the Freshbooks reader, but if you’re looking for more details, like how it stacks up to other options, this article is for you.

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Credit Card Processing

Taking EMV Chip Cards with a Smartphone or Virtual Terminal

Fortunately, many credit card processing companies have options for you. Learn how you can start taking chip cards securely with your smartphone or computer. Can I just use my current reader to take EMV chip cards? Smartphone and Tablet Card Readers Virtual Terminal Card Readers What are the costs for EMV capable readers? Are there…

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By now, you’ve probably heard all about the EMV liability shift and the United States’ move toward EMV chip credit cards. There are countless articles for traditional retailers and restaurants explaining how to prepare and what equipment to look for. But what if you process credit cards with a virtual terminal or using your smartphone or tablet? Can you still use your USB or headphone jack card reader? Are there even EMV readers out there for mobile?

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Credit Card Processing

Watch Out for EMV Non-Compliance Fees

Let’s look at who charges this fee and how much you can expect to pay. What are EMV non-compliance/non-enabled/non-acceptance fees? Will my business be charged EMV non-compliance fees? Exceptions for Card-Not-Present Businesses What if I have a mix of card-present and card-not-present transactions? Using EMV Capable Terminals How much is the fee? Why are processors…

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The October 1st EMV liability shift has come and gone, and you probably know that if you don’t have an EMV-capable terminal to take chip cards, you’re now liable for fraudulent transactions. But did you know that you may be subject to an EMV non-compliance fee, EMV non-enabled fee, or EMV non-acceptance fee?

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Credit Card Processing, Restaurants and Bars

Chip Credit Cards Mean Changes for Tipping

Some point of sale systems and credit card machines are now able to adjust for tips after the card is run, but others cannot. How will the process of tipping change with EMV chip cards? EMV Gratuity Variations by Card Type If some cards will still work why should I change our tip process? How…

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The EMV liability shift is bringing many changes to credit card acceptance, but there’s one major difference that restaurant owners should be aware of: accepting gratuities.

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Credit Card Processing

EMV Chip Card Acceptance

For most businesses, the compliance date was October 1st, 2015. (Pay at the pump gas stations have until 2020 to comply.) If you’re holding out on upgrading to EMV chip card equipment, here’s what you need to know. What is EMV? Traditional Credit Cards vs. EMV Cards Fraud Reduction with EMV EMV Liability Shift Becoming…

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By now, most businesses are aware of EMV or chip cards, the new technology in credit card processing. The major credit card companies announced requirements for processors and businesses to accept these chip cards that have been shown to reduce fraud in card-present environments.

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