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.
In summer 2017, Mastercard began issuing cards with a new bank identification number (BIN.) Where previously Mastercards started with the number 5, some cards now begin with the number 2. Find out what this means and get details on how to make sure your business is ready to accept these new 2 series cards.
In keeping with the steady flow of fee increases from the card brands, MasterCard has (very) quietly announced it will begin charging businesses an annual “merchant location fee.”
It’s a case of a home improvement retail giant versus two network payment processing behemoths. In mid-June 2016, Home Depot filed an antitrust lawsuit in federal district court in Atlanta against Visa and Mastercard, alleging credit card security is inadequate and exposes retailers and customers to hacking.
What is Mastercard SecureCode? How do you use it? These questions may be on your mind as a business owner in the internet age. If you sell products or services online, it’s worth your time to consider whether 3D secure technology is a good addition to your anti-fraud toolkit.
Visa, Mastercard and several of the nation’s largest banks settled an antitrust suit with a group of seven million retailers.
Enhanced Merit 3 is a Mastercard interchange category.
Merit 3 (or Merit III) is a Mastercard interchange category that determines credit and debit card processing fees.
