This is a big question for retail merchants these days. Many merchants find themselves asking, “Do I need to accept PIN-debit?” Historically, the answer to this question depended on many factors, primarily cost differences and time saved with PIN entry. However, with the advent of EMV technology and regulations, PIN [...]
New chip reading cards and devices are popping up everywhere, in lines at grocery stores and gas stations, coffee shops and beyond. What is it exactly and how can it benefit your business? EMV ExplainedIt came out of nowhere here in the United States. All of a sudden stores now [...]
Signing up for SNAPThe government-funded SNAP program is built to help low-income families get access to government funding to purchase food. Once a consumer signs up for SNAP benefits through the government, they’ll be issued an EBT card that’s pre-loaded with funds that they can spend on food and other [...]
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 [...]
When you accept PIN debit transactions, you’re processing over different networks than what Visa/Mastercard/AMEX use. These PIN networks are managed separately, and charge annual fees for their usage to MSPs like Dharma. Dharma always passes these fees through at cost. Each PIN debit network has a different annual fee, ranging between $8 and [...]