If you’re a high risk business, you may find it difficult to get approved for a merchant account for this or that reason. However, knowing what your high risk processor will require from you, you can take the right steps so that not to get refused. Below you can read the main reasons why your application may be declined. Not...
If for whatever reason you’re dissatisfied with your current payment processor, it is time to jump ship. It makes no sense sticking to a firm with high rates, service problems, poor customer support or any other issues that impede your peace of mind. Unless it’s done in the best way possible, moving from one merchant services company to another can...
You may find it complicated to choose the best merchant services provider when searching for the right option for your small business. Most companies offer a whole collection of credit card processing tools like virtual terminals, credit card machines, credit card readers, and more. Usually, business owners focus on the simplicity of integration and speed when choosing a merchant services...
Chase has recently launched its Chase Pay app, which was introduced in October 2015 during the Money 20/20 conference held in Las Vegas. According to Chase, the Chase Pay app, which is based on the QR code, will be available at over 7.500 participating Starbucks locations in the United States. Also, it will work at about 1.400 Best Buy stores....
ACH: ACH, Automated Clearing House, is a regional organization that bank members use to electronically transfer funds between members. AMEX: AMEX is an abbreviation for American Express. American Express is an organization that not only acquires transactions but also issues entertainment and travel cards. Account Number: An account number consists of a unique sequence of numbers that identifies the...
OnlyCoin (or “Coin” as it is otherwise known) is an exciting start-up hoping to change the way we use card payments. The San Francisco-based team have created one electronic plastic card which is shaped like a credit card. Coin allows you to load up to eight cards onto a single plastic device and this includes your debit, credit and gym...
How can I Protect my Business from Fraudulent Transactions? The problem that businesses encounter when fraudulent transactions are made is the communication gap between card issuers and merchants. Notifications of a fraudulent credit transaction takes on average 3-6 weeks causing businesses to frequently lose physical goods on fraudulent orders. Using a service like Ethoca will provide your business with alerts...
As we wonder through our day we never really have thoughts that transfer over concern until our cards have been breached and our information has been taken. Councils that we don’t think of either; are on the look-out twenty four hours a day, for security issues that would make your hair stand on end. If you are in the market...
What Merchant Account Providers offer Next Day Funding? Are you looking for merchant account providers that offer 24 funding? Do you want instant availability to your credit card processing transactions? Getting you money fast can be a big help with cash flow. Many merchants don’t understand why all providers don’t offer next day funding. Why don’t all credit card processing...
Merchant Accounts with 24 Hour Funding Do you need a merchant account that offers 24 hour funding? Do you need your money available in your bank account on weekends? We know that many merchants can’t wait 48-72 hours for funds to hit their bank accounts. Add the weekend on and that can be a whole week before a merchant sees...
