What Is a Merchant Account?
A merchant account allows businesses to receive funds from their customers in various ways, including electronic payment card transactions. It serves as the intermediary between the customer’s and business’s bank accounts and lets companies receive money immediately instead of waiting for the buyer to pay their card bills. To open a merchant account, you must…
The Convenience of Clover Virtual Gift Cards
The number one choice for consumers when it comes to giving and receiving gifts, are gift cards. Gift cards are popular due to incredible versatility and convenience. Available in retail stores all over, these cards are seen as an appropriate option in gift giving for family, friends, colleagues, and business associates due to the increasing…
Merchant Services for Non-Profit Organizations
When it comes to the credit card processing industry, interchange fees are usually considered as the cost of doing business. However, for non-profit organizations, this fee takes a bite directly out of earnings. These earnings are the vital source of income to facilitate charitable organizations, companies often see which should seek alternative methods like non-profit…
MasterCard Supports Smaller Businesses with Greater Transparency in Payments
PURCHASE, N.Y.–(BUSINESS WIRE)–March 19, 2014– MasterCard (NYSE:MA) today announced a new initiative to help smaller merchants create efficiencies in their operations by accepting electronic payments. The effort combines changes to the company’s U.S. region rules with best practices and insights developed from conversations with smaller merchants.
What You Need to Know About Credit Card Data Breaches
The likelihood of a data breach is greater than you may think, and the consequences can be catastrophic. Fortunately, you can take steps to minimize your risk. The First Data TransArmor® solution makes cardholder data significantly more secure by combining two technologies—encryption and tokenization—for superior protection.
Durbin Amendment Starts at the end of October – Time to change your Merchant Account?
There has been a lot of buzz about the Durbin Amendment and what the ramifications of it will be. The amendment is set to go into effect at the end of October and the anticipation continues to grow. There has been a lot of speculation as to what effects it will have on the merchant…
How To Ensure Great Service In A Merchant Account Provider
One of the many spinning cogs in every business is merchant services. If this cog breaks the whole business will grind to a screeching halt – and for any business this is unacceptable. In order to prevent a disaster in this arena, every business needs a reliable merchant account to keep their business up and…
What are the Best Merchant Account options for Your Needs?
There are so many merchant service providers out there on the internet right now; it’s almost too many to count! You can type “merchant account” into Google, and millions of results will pop up – but how do you know what merchant account provider will do the best job for your business? Unfortunately, most of…
What Does The Durbin Amendment Mean To Small Business Merchants In America?
The so-called Durbin Amendment was originally set to have taken effect on July 21st, 2011. This component of the Dodd-Frank Wall Street Reform and Consumer Protection Act was to have set a proposed maximum debit card interchange fee of 12 cents for both pin debit and signature card debit transactions, only for banks that had…
MerchantService.com Introduces an Instant Merchant Account Quote System for Merchant Services
MerchantService.com announced today their online merchant services quote generator which completely changes the way businesses shop online for credit card processing solutions. Much like auto insurance companies, business owners now have the ability to fill out a simple form and receive an instant quote for a new merchant account. “You can receive an…
PCI DSS Compliance Mandatory for Credit Card Merchant Accounts
PCI DSS stands for Payment Card Industry Data Security Standards. The rigorous application of these merchant account standards ensures that credit card merchant account holders are in compliance with industry standards for financial data security and is a key component of maintaining customer financial security. Every business that accepts credit cards must be PCI DSS…
Non Profit Merchant Account Program exceeds 2.6 Million
Non Profit Merchant Account Program exceeds 2.6 Million Through MerchantService.com’s Chartiable Giving program they donate 25 percent of their net profits earned each and every month on any business that a Non-Profit Organization refers to Merchant Services for the lifetime of the account. Thanks to all of the merchants who have given their support over 2.3…
