Initially called Square Connect, Square's website now just refers to online payment options with Square. What is Square Online Payments? The Square online payment options lets businesses with self-hosted / existing e-commerce websites seamlessly integrate their site with Square to accept payments and manage business data on a web-based dash...

But as your ecommerce business grows, the features that once made PayPal a no-brainer may begin to hold you back or cost you more. How do you know if it’s time to switch your payment processor for your online business? In this article, I’ll dig into the pros and cons of using PayPal for online payment acceptance and signs that it may be time for a ...

From a business' perspective, however, chargebacks can often be a costly hassle. The burden of proof to show that a customer has been rightfully charged falls on you, and when consumers successfully dispute charges, you lose both the product sold and the revenue from that sale. Even when a dispute is unsuccessful, the acquiring bank will with...

But what are these digital wallets, exactly, and how do they work? And does your business need to do anything special to accept them? What is a digital wallet? A digital wallet refers to electronic devices and programs used for making payments for purchases digitally, without presenting a physical credit card, debit card, or cash. The term ...

The short answer is: Yes and no. The longer answer is that it depends on the type of card. You'll have to follow applicable rules as well. Credit cards: Yes. It is acceptable for you to set a minimum charge on credit card purchases as long as you abide by the stipulations as set forth in your processing agreement with Visa, Mastercard and Discove...

What is FedNow? FedNow is a real-time payment system created by the US Federal Reserve that went live in the summer of 2023. Its purpose is to enable instant money transfers between banks and other financial institutions, but there are person-to-person (P2P) elements as well. Banks could choose to allow instant payments between users, mimicking fe...

It's not really as simple as that, though. In actuality, a variety of entities are working behind the scenes, and it's the card-issuing bank that ends up taking the largest piece of the pie. The more you know about what affects your business, the better armed you are to improve your position in the market and protect your income. Before we break...

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. While it didn't lead to the elimination of cash, it's nonetheless more common to see consumers pull out a card than cash ...