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.

Chip+PIN or Chip+Signature?

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 […]

Lodging/Hotel/Auto-Rental Merchants

As a lodging/hotel/auto-rental merchant, you may require extended authorizations or long-term stays that you charge to a card. Learn how that works!