Categories: Learn About Merchant Services

What is Interchange-Plus Pricing?

This pricing model works by adding a constant margin onto the underlying interchange-rate. It’s widely considered the fairest model in the industry.

What is a Merchant Account?

A merchant account is a business account with a bank, that allows a business or non-profit organization to accept credit card payments in exchange for their product or service.

What’s the Difference between a Void and a Refund?

Voiding “cancels” a sale, whereas a refund is a separate, offsetting negative sale. If possible, it’s always better to void than refund.

Chip+PIN is the “strongest” encryption method since it’s much harder to steal a PIN than fake a signature. Currently, most US banks issue Chip+Signature cards. As time moves on, they’ll migrate towards Chip+PIN.

What is Factoring?

Factoring is accepting credit card payments on behalf of another business. It’s prohibited, since factoring can hide money laundering and illegal activities

What is Address Verification?

Address Verification is a very important step in any card-not-present sale. Whenever you accept a card without physically seeing the card, you inherently run a much higher risk of accepting a fraudulent card. As a merchant, you want to do everything in your power to reduce that risk. There are no guarantees, but using the […]

Recurring Payments Made Easy | Credit Card Billing

If your business takes recurring credit card billing, then Dharma can make those transactions as safe and as simple as possible. Set it, and forget it! Click through to read more!

EMV Chip Cards, Changing Technology for a Changing World

Dharma makes the transition simple for your business with these tips on accepting EMV chip cards and it’s benefits to you as a business and for your customers. Click through to read more!