Category: credit card processing

Interchange fees are also known as interchange rates, interchange earnings or card association fees. They are levied for each transaction made with a payment card (credit/debit cards, prepaid cards, smart cards). The issuer (a bank) pays the acquirer (the company that processes the transactions) an "interchange fee" to cover costs...

Mobile credit card processing is a way for small business owners to accept credit cards using their smartphone. There are two primary methods of mobile credit card processing: Swiped and keyed. Swiped transactions occur when the customer physically swipes their credit or debit card through a device that plugs into...

In a nutshell, a PEO is an organization that provides human resource services to their client companies. A professional employer organization acts as co-employer of the client company's employees and assumes responsibility for all employee-related matters, including hiring, relocating, training, paying and managing employees – usually on a temporary or...

Are you in the market shopping around for better credit card processing rates? If so, it is important to know that there are scores of business owners who are buying this product till date. Cheapest credit card processing rates is if great value and many small businesses have not yet...

A Cross Border Fee is a fee that some credit card processors charge to process credit cards issued outside of the country or region where your business is located. If you are in New York City, cross border fees are incurred when you accept a credit card issued by someone...

The Old Navy Credit Card can be used at stores that offer the "Plenti" rewards program. The credit card issuer for this store rewards card is Synchrony Bank, who will report your timely payments to all three major credit bureaus (Experian, Equifax, and TransUnion). This retail credit card has no...

Credit card Transaction processing is the process of sending Credit Card transaction details from a merchant to a Credit Card Processor. The Credit Card transaction process consists of different steps or stages, this article will focus on these stages and will also use simple analogy to help you understand Credit...

QuickBooks Workforce is an online payroll service. It allows you to log into the web app and create employees, set up pay rates, print paychecks, set up direct deposit or have your employees cash checks at a local check-cashing store. The service also makes automatic tax calculations and filings on...

Cross border fee is a term commonly used to describe an additional charge associated with using your credit or debit card from outside the country. A cross border fee varies from bank to bank, and will usually be listed as a separate line item on your statement. The reason cross...

Credit card processing is the term used for the electronic systems that businesses use to authorize and settle credit card transactions. This includes authorizing the purchase, debiting funds from the purchaser's account, and crediting the merchant's account for the sale. The entire process usually takes less than a minute. One...