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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

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Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments. Despite the challenges, high-risk merchants can be profitable clients for payment processors when managed effectively.

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Mobile Credit Card Processing Explained: What Business Owners Need to Know

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What is mobile credit card processing? Mobile credit card processing refers to the capability of accepting credit card payments using a mobile device equipped with a card reader and specialized software. Popular mobile payment solutions include Square, PayPal Here, and Shopify POS.

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Stripe vs. PayPal: Which Payment Platform is More Valuable For Your Business?

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Here are some details regarding each plan: Checkout: If you’re an eCommerce store, you probably have a payments page where you accept credit card payments. For many sellers, PayPal Checkout is an option that is added to this payments page, giving users another choice for processing payments.

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The 12 PCI DSS Requirements to Ensure PCI Compliance

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According to a report by the Federal Reserve Bank of San Francisco , credit card usage among Americans has been steadily increasing since 2016. In 2022, 31% of all payments were made using credit cards. This shows that businesses cannot ignore accepting credit card payments.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

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It’s mandatory for all merchants and service providers that accept credit card payments. They’re classified into four levels based on the volume of credit card transactions they process. documentation and standards are available here.

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Everything You Need to Know About PCI Compliance for Credit Card Processing

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Revocation of Credit Card Processing Privileges If a business consistently fails to comply with PCI standards, the processor or acquiring bank may choose to terminate their merchant account. For many businesses, especially those operating eCommerce, the ability to accept credit card payments is crucial to their operations.

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What is B2B Payments Processing and How Do You Implement It?

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These longer payment cycles have historically lent themself to slow payment processes, like checks, that are no longer common for B2C transactions Due to the complexity of most B2B transactions, there’s often more documentation required for the payment, such as contracts.