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NOVEMBER 21, 2024

There is no way around it: credit cards are an essential part of the everyday life of your customers and you will only lose customers if you aren’t ready for card payments. In this article, you will discover all you should know about credit card payment processing for small businesses.

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APRIL 18, 2024

Issuing Bank: The bank or financial institution that issued the credit card to the cardholder. Card Network (e.g., Payment Gateway: A service provider that facilitates communication between the merchant’s POS system and the acquiring bank’s payment processing system.

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NOVEMBER 14, 2024

Step 6: At the end of the month, the statement is sent to the business that details the interchange for all transactions that month–which is the fee set by credit card companies for merchants to accept their cards as payment. Typically, card transactions are authorized in less than a minute.

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NOVEMBER 11, 2024

An ACH payment requires the same information that is on a check , including the name of the financial institution, transaction amount, type of account (checking or savings), and the routing and account number. Simply put, check payments are the analog version of ACH transfers. With an average cost per transaction of $.29,

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