EMV stands for Euro-Mastercard-VisaIt’s a technology also referred to as “chip cards” and is currently widely used across the globe, originating in Europe over ten years ago. Instead of using the standard, magnetic stripe card to store credit card information, EMV technology allows for the sensitive credit card data to be stored [...]
B Corps are certified to meet rigorous standards of social and environmental performance, accountability, and transparency. Any business can apply to become a B Corp, but only those who pass the rigorous assessments are granted B Corp status. Social and environmental performance must be regularly certified by the nonprofit called B [...]
MX Merchant allows you to set different notifications for different account events. Never be surprised about your account! You can also set notifications to alert you when you receive a chargeback, get a large deposit, or when statements are available. Choose to receive each notification via email or text-message. To [...]
Here at Dharma, we do things differently. Our employees don’t work on commission, and we don’t engage in “upselling” or the normal bait-and-switch tactics you may have experienced in the past. Our agents will work with you to ensure that your account is setup how you need it, without pressure [...]
Let’s perform a few sample transaction so you can see how all of this works. In these example, we’ll use common consumer card types that retailers accept. (See Visa Consumer rates and Mastercard consumer rates). Bear in mind that specific industries will be subject to different rates, but these are [...]
It’s not that tiered pricing is inherently “bad”. It’s just that tiered pricing models typically don’t disclose the underlying interchange rates – which incentivizes merchant service providers to overcharge their merchants. If you’re on tiered pricing, it doesn’t necessarily mean that you’re getting an unfair deal. It just means that [...]
A voice authorization occurs when your customer’s issuing bank is requesting more information about a transaction before approving. Often times, your terminal will prompt you for a Voice Authorization when a customer’s credit card has been recently compromised due to fraud, or if they’re purchasing a good/service that falls outside [...]
A secure payment page means that the webpage where credit card numbers are entered is secured via Secure Sockets Layer (SSL) 128 bit encryption. In a nutshell – your customers need to be able to see that your website is protecting their sensitive details! If you’re working directly with a web [...]
We highly recommend reading through our “What is Interchange?” and “What is Interchange-Plus Pricing?” pages, as they’ll discuss this topic in more depth. But, we understand the desire for a quick answer. The answer to “Why can’t you tell me what my rate will be?” is Because Dharma’s fees are directly [...]
Dharma does not charge extra for PCI, but you are required to complete the Self-Assessment Questionnaire (SAQ) and web-scanning. Web scanning is required per PCI Compliance regulations for any merchant processing over an Internet (IP) connection – so this will impact online/virtual merchants, and any merchant who connects their credit [...]