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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. Merchant Underwriting for High-Risk Businesses Some industries, such as CBD, adult services, and travel, are considered high-risk.

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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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Visa Interchange Rates 2024: What You Need to Know

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If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. Visa is one of the biggest payment networks in the world, with ~4.2B cards currently in use. So it’s virtually impossible for a business to not accept Visa cards.

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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

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Ideally, choose a payment gateway that supports your primary sales channels and aligns with your needs. Also, some businesses in industries like cryptocurrency, gaming, gambling, and travel are considered high risk. Some online payment gateway providers steer clear of such companies.

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The Ultimate Guide to Online Payment Processing

Stax

For example, Stax Pay charges a fixed monthly membership fee which might not be the best option for very small businesses with low transaction volumes, but could be extraordinarily cost-effective for businesses that process more than $5000 per month. It also lets you accept and process in-person, online, mobile, and recurring payments.