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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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PIN debit and signature debit transactions have different fee structures. You may pay more for one or the other, depending on the amount of the transaction and other factors. It’s important to know when a customer will be prompted for a PIN. EMV Debit vs. PIN Debit My new EMV terminal doesn’t require a PIN …
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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. So what’s the difference between EMV and NFC, and why should …
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In the past, FreshBooks offered its own mobile reader. A benefit is that it integrated directly with the accounting software. However, the company no longer offers its own reader, which removes that advantage. That leaves competitor Intuit GoPayment, the mobile processing solution from the makers of QuickBooks. How do FreshBooks and Intuit’s GoPayment mobile processing …
FreshBooks vs. Intuit GoPayment and QuickBooks for Taking Credit Cards Read More »
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In fact, 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 a basic magstripe reader to take EMV chip cards? Technically, yes, you can use a mag stripe reader to take chip cards because the cards have …
Taking EMV Chip Cards with a Smartphone or Virtual Terminal Read More »
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Note: These fees were more common early after the EMV liability shift took place in 2015, but they can still apply for businesses that haven’t upgraded to chip-capable equipment. As time goes on, we anticipate these fees to be eliminated (or change into something else) as machines that can’t accept chip cards are phased out …
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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 did the process of tipping change with EMV chip cards? In some cases, EMV cards changed the way restaurants handle tips paid by credit and debit cards. Some types of …
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For most businesses, the compliance date was October 1st, 2015. (Pay at the pump gas stations had until 2020 to comply due to the cost and complexity of the upgrades.) What is EMV? EMV stands for Europay, MasterCard, and Visa, after the three companies that initially worked together on the technology. Today, American Express, Discover, …
