Credit Card Decline Codes: What Merchants Should Know

Credit Card Decline Codes: What Merchants Should Know

Accepting credit cards for your business has many advantages. One of the most convenient aspects is knowing instantly whether a payment was approved or declined. Rather than waiting days and dealing with a returned ACH payment, your business can know within seconds whether a credit card declined or was approved. When a card has been declined, the most common credit …

What Every Merchant Needs to Know about MOTO Payments

What Every Merchant Needs to Know about MOTO Payments

Online businesses are more commonplace than ever. In fact, many companies now may never interact with customers face-to-face. Unfortunately, the convenience of digital transactions also makes MOTO payments (Mail order/Telephone order) a higher risk for businesses and consumers alike. Why are businesses that take MOTO credit card transactions putting themselves at higher risk? How can new technology make online payments …

Guide On Charging Credit Card Convenience Fees

Guide to Charging Credit Card Convenience Fees

Being a merchant is expensive. Your mission is to save money or boost profits any way you can. After all, your bottom line is at stake. This concern for the health of your business can drive you toward long-term success. If you’re wondering whether your own business can charge credit card convenience fees, the short answer is yes. But, there …

ACH Rules Change: WEB Transaction ACH Account Verification

ACH Rules Change: WEB Transaction ACH Account Verification

Companies that accept ACH payments online: are you prepared for Nacha’s coming rule changes? Nacha, the governing body in charge of maintaining the safety and security of the ACH payment network, has created new guidelines for accepting WEB debits.What ACH Rules Are Changing?The new Nacha guidance, the WEB Debit Account Validation Rule, has specified a need to pre-transaction screenings of …

What is a Payment Gateway? Choosing the Best Option for Accounts Receivable

What is a Payment Gateway? Choosing the Best Option for Accounts Receivable

Last updated December 2022 Running your accounts receivable business or team takes planning, organization, and the right tools. Along with the Accounts Receivable (AR) software organizations use to manage accounts, you need a payment gateway solution designed for your industry. What is a payment gateway and how do you choose the right one for accounts receivable?Payment Gateway DefinitionWhat is a …

Credit Card Payment Processing: A Guide for Merchants

Credit Card Payment Processing: A Guide for Merchants

Credit card payments, online payments and mobile-optimized options will be increasingly important to merchants in the coming years. Are you offering customers the payment methods they prefer? Read on for information about how we got here, how a credit card is processed, and industry/legal requirements your business must follow while taking credit card payments. Arm yourself with the know-how to help your business thrive.