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Token Migration

Token Migration of Credit Card Data If you run a subscription-based ecommerce business, few operational decisions feel scarier than switching payment processors. Your recurring revenue depends on stored card data working flawlessly, month after month, without your customers ever thinking about it. So when a merchant asks, “Why can’t we

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What is a Billing Cycle

A billing cycle is the time period between payment due dates for a subscription service. There are different lengths for billing cycles and different reasons for which a merchant or a customer may choose one over the other. Understanding billing

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What is an RDFI

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

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Shopping Carts

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

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Online Payment Methods

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

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What Is an ODFI

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

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EIN vs TIN

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

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Card Not Present Transactions

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

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Credit Card Processing Outage

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,

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Cross Border Fee

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

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MTOT DISC

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

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