Credit Card Processing
Merchant Account Holds and Freezes
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An extremely important but seldom talked about topic in credit card processing is merchant account holds and freezes.
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Credit Card Processing
Personal Credit and Merchant Accounts
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A merchant services account is essentially a line of credit that enables you to accept credit cards. As the applicant for a merchant account, your personal credit is an important consideration during the application process, but it doesn’t have the same effect as it would on a conventional line of credit or a loan application.
Credit Card Processing
Rolling Reserve
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A rolling reserve allows a credit card processor to withhold a pre-specified percentage of your gross sales. The processor deposits the held funds into a non-interest bearing account for a pre-determined period of time that is specified in your merchant processing agreement.
Credit Card Processing
Credit Card Processing Comparison Charts
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I’m often asked why this site doesn’t have a lengthy merchant account comparison chart. The answer is simple – these intricate comparison charts are useless.
Credit Card Processing
Introduction to Samsung Pay
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Samsung Pay (also sometimes referred to as Samsung Wallet) is a digital wallet available from major electronics manufacturer Samsung.
Credit Card Processing
How Tips Paid by Credit Card Could Affect Your Restaurant
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Now that credit and debit cards have become a popular way to pay for meals, customers often add tips for servers when they sign their credit card receipt. However, this common practice could have implications for your bottom line.
Credit Card Processing
Introduction to Apple Pay + the Apple Card
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By now, most people have heard of Apple Pay, a contactless option to pay using a credit or debit card through your iPhone or Apple Watch. But how does a business accept Apple Pay?
Credit Card Processing
Digital Wallets: Intro to Apple Pay, Google Pay, and more
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Digital wallets (like Apple Pay) are a way to pay for goods and services using your compatible smartphone or smartwatch instead of pulling out a physical credit card.