Mobile point-of-sale (POS) solutions transform smartphones and tablets into portable cash registers, enabling businesses to take payments anywhere with ease. These systems pair a mobile app with a compact card reader or smart terminal, allowing vendors – from small retail shops and event stallholders to freelancers – to process credit...
The Pros and Cons of Membership-Based Merchant Services Programs
Payment processing fees have long been one of the most annoying expenses for business owners. The merchant pays a fee to facilitate the transaction each time a customer taps their phone or swipes their card, in addition to receiving revenue. These expenses, which are typically a mix of markup, interchange,...
Tokenization & Encryption: How Data Security Cuts Transaction Costs
In today’s payment scenario, consumers demand each and every transaction to be instant, seamless and secure. With digital payments on the rise, so are the worries of fraud, data breaches and mounting compliance costs. But payment security isn’t simply a matter of protecting data it can also be an effective...
Interchange Fees: A Guide for Business Owners
In the world of credit card processing, interchange fees play a crucial role in determining the cost of accepting card payments for businesses. Understanding how interchange fees work is essential for business owners to make informed decisions about their payment processing strategies. This comprehensive guide will cover the basics of...