American consumers and businesses are increasingly being targeted by malicious credit card skimmers. The Federal Bureau of Investigation (or FBI) estimates that skimming costs consumers and financial institutions over $1 billion annually. Much of this illegal activity takes place at gas stations. According to the National Association of Convenience Stores, roughly 39 million Americans fuel […]
Paying with a credit card is so commonplace today that most of our swipes, taps, or dips are processed with little to no thought about what actually makes them work. When your payments are accepted in just a moment, it’s easy to forget that there’s quite a bit going on behind the scenes of our […]
Deciphering your monthly payment processing bill is much more involved than it appears at first glance. Payment processors can charge a whole range of different transaction fees, each with its own unique name. A merchant discount rate is one of these fees. A merchant discount rate, or MDR, doesn’t actually refer to any type of […]
When you’re a small business owner, every customer counts. So, it’s important to offer the right payment options to make your customers’ checkout experiences as seamless as possible. A whopping 69.8% of online shopping carts are abandoned. But being an SMB owner doesn’t mean you have to settle for cart abandonment as a cost of […]
Helcim is a top-rated credit card processor and merchant account provider with one of the most transparent pricing models in the industry. The company has built a solid reputation for its transparency and great customer service. This makes it stand out in an industry that often gets a bad rap for its obscure sales practices, […]
Clover offers a wide range of solutions to help merchants accept and process payments, engage their customers, and grow their business. But are they easy on the wallet of a small business owner? Let’s dive in and review what makes up Clover credit card processing fees. After all, when it comes to choosing a payment […]
MCCs are numerical codes given to retailers to classify different types of businesses. It’s an acronym for Merchant Category Codes, which are four-digit numbers that classify the type of services provided. Merchant Category Codes are particularly important for SMBs. That’s because your MCC helps to determine what you pay for credit card processing. It can […]
As small- and medium-sized businesses embrace new customer payment options, one tried-and-true payment type is holding its own. In the non-card payment arena, eChecks—i.e., electronic check processing—has become a very popular digital payment method across the United States. View this complete guide to eCheck payment processing, and decide whether it’s a good payment choice for […]
As a small business owner, you have a seemingly endless number of regulations to abide by. You need to create a business entity, manage taxes, apply for licenses, and do tons of other tedious administrative tasks. And when it comes to payments, compliance requirements are stricter and even more important. You’re dealing with people’s financial […]
PayPal is one of the biggest payment processing solutions out there on the market. It’s definitely at the top when it comes to consumer brand awareness. As of Q4 2021, PayPal had 426 million users worldwide including both consumers and sellers. It enjoys a lot of brand reach and is quite an attractive option for […]
