![7 Best Virtual Terminal Solutions for Merchants [2023 Edition]](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCA2NDAgMzg3IiB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM4NyIgZGF0YS11PSJodHRwcyUzQSUyRiUyRnBheW1lbnRkZXBvdC5jb20lMkZ3cC1jb250ZW50JTJGdXBsb2FkcyUyRjIwMjMlMkYwMSUyRlZpcnR1YWwtVGVybWluYWxfRmVhdHVyZWQtNjQweDM4Ny5qcGciIGRhdGEtdz0iNjQwIiBkYXRhLWg9IjM4NyIgZGF0YS1iaXA9IiI+PC9zdmc+)
As payment processing becomes increasingly digital, both emerging and established businesses need to make sure they keep up with the latest payment trends. With 83% of Americans now owning at least one credit card, virtual payment processing has taken on a new significance. A virtual terminal allows businesses to easily process transactions from any internet-capable […]
Many small businesses don’t realize that although PIN and signature debit transactions may seem similar, they are actually quite different. In fact, a customer using the same debit card at a retail outlet—for the same amount—may translate to different transaction fees for the merchant, depending on the verification method they choose. As such, merchants may […]
Accepting credit card payments is so simple today that you can be forgiven for not understanding the ins and outs of the process. A customer taps, swipes, or enters their card details, et voila, the payment is accepted or declined. It’s really no more complicated than that. If everything is running smoothly, there’s no reason […]
10 percent of your business changes every year – whether you like it or not. If you don’t change, thinking that business is just fine the way it is, you’re bound to be left behind as competitors grow and customers continue to demand more and more. Sometimes these changes are big in-your-face trends while others […]
Experiencing payment reversals can be extremely frustrating for a business owner. Receiving payments for goods and services is the end goal of every commercial enterprise. Having those payments reversed can thus create a host of problems. The reduction in revenue is but one. Check this out to learn more about payment processor online! In this […]
The phrase “disputed transaction” is one that no merchant ever wants to hear. Yet this is becoming an increasingly common reality for many eCommerce businesses. By 2023, the average cost of a chargeback for a merchant is forecast to be $190, based on a $90 average transaction value. Unless you can get a firm handle […]
Online shopping is officially in the mainstream. eCommerce spending is on the up globally with sales projected to exceed $5 trillion by the end of 2022. In the US alone, eCommerce sales made up 14.8% of total retail sales in Q3, 2022, as reported by the US Census Bureau. This means the stakes are higher […]
The world may prefer cards, but for many merchants, the fees for accepting them eat into critical profit margins. Sadly, cash use is down year on year, and no credit card transaction is free. In 2021, cash payments accounted for 20% of all transactions, falling 6% from 2019. But it’s not consumers who automatically pay […]
The United States payment processing solutions market continues its increasingly rapid growth. In May 2022, market research firm ReportLinker cited a market size of $90.9 billion for the year. By 2027, the payment processing solutions market is projected to reach $147.4 billion. This represents a 10.1% Compound Annual Growth Rate for the period. These impressive […]
The payments industry’s continued evolution has brought new payment options like payment by text to the global marketplace. SMS or text messages are now utilized worldwide to make payments to different types of small businesses. In 2020, technology services provider Weave conducted a study of 350 small business owners and 380 customers. The company found […]
