Your business comes to an immediate standstill without the ability to process credit cards—especially if you experience an outage during the busiest hours of your day. Potential reasons that can cause a credit card processing outage include technical hitches or internet failure, issues with your payment processor or so on, anything...
Improving Credit Scores: Tips For Small Business Owners
Improving credit scores and having a good business credit score are very important for getting loans, gaining trust from suppliers, and staying stable over time. It also helps you make money, close better deals, and build your company. But, it can be difficult for many business owners to raise their...
Understanding Interchange Fees: How to Lower Your Costs
Interchange fees are the transaction costs businesses pay when accepting credit and debit cards. Set by card networks like Visa and Mastercard, these fees cover processing, fraud prevention, and financial risks. While they can’t be avoided, they vary based on factors like card type, transaction method, and industry. Since they...
What Is a Cross-Border Fee for Credit Card Processing
In today's globalized economy, businesses are increasingly conducting transactions across borders. Whether it's an online retailer selling products to customers in different countries or a travel agency booking flights for international travelers, cross-border transactions have become a common occurrence. However, with these transactions come additional costs in the form of...
Credit Card Processing Fees Explained
Credit card processing fees are charges imposed by payment processors to merchants for accepting credit card payments. These fees are an essential aspect of the payment ecosystem, allowing businesses to offer convenient payment options to their customers. However, understanding credit card processing fees can be complex, as there are various...