Payment security for your customers is one of the most critical pieces of being a business owner. Offering a secure platform on which your customers can pay for goods and services should be a top priority at all times. Whether your business is online or brick-and-mortar, there are a series
Learning banking terminology may not be at the top of your bucket list, but it can be a valuable education for any business owner. Knowing the entities involved in ACH transactions and other financial processes can prove useful in your
If you sell or buy products online, you’re probably already familiar with the concept of a shopping cart. When you’re ready to add one to your website, this guide will help walk you through the process. Here, we discuss the
Online payments have become increasingly popular over the past few decades as more and more consumers prefer to pay for goods and services online. With the rise of e-commerce, online payment methods have evolved to offer a variety of options
It’s no secret that the banking industry has an endless list of acronyms that can make it difficult to understand what’s happening. For example, “ODFI” is one of those acronyms. It stands for Originating Depository Financial Institution, but what does
Do the acronyms TIN and EIN make your head spin? Are you confused about the difference between the two? Join a large majority of other people in this country! Here, we’re going to dive into TIN and EIN numbers to
The number of consumers shopping and paying online has increased exponentially in the past 10-15 years. This has resulted in a huge increase in card-not-present transactions. These types of transactions have different implications than card present transactions. Keep reading to
Processing credit card payments is a significant part of online and in-person business. When a company cannot process credit cards due to an outage, the consequences can be serious. Here, we’ll discuss what a processing outage is, how it happens,
A cross border fee is a fee that is charged when you use your credit card to make a purchase in a foreign country. The fee is usually charged by the credit card company and not the merchant. Merchants pay
Business owners who review their merchant account statements on a regular basis often get confused by the variety of fees that are listed. Most bank and processing fees are listed with cryptic acronyms and no explanation. Although the information is
The CBD industry is booming, and more merchants are entering the space for various reasons. If you want to open a Shopify store to sell CBD products, you’ll want to read this entire article. There are specific policies for CBD
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