Tag Archives: Credit Card Processing services

Any merchant or online seller is well aware of the payment processing cost that he has to bear in order to accept credit card payments from customers and buyers. Typically any credit card processing fee snatches away almost 2% of the total sales value of the merchant. This fee often differs from one credit card Company to another. For a merchant who is selling products with limited profit margins, giving away 2% of the sales value can prove to be costly. While there are a lot of ways to tackle this menace of payment processing fees, a lot of merchants are still oblivious to the payment processing amount of money that they end up shelling out to the credit card companies.

If you’re one such merchant who’s successfully running an online store, or even just running a regular store that accepts credit cards for payments, you need to understand and be aware of the number of funds you’re giving away annually towards payment processing fees. Once you realize and are made aware of the amount of your hard earned money that is being given away to credit card companies, you will probably want to do everything in your power to reduce the payment processing costs that you’re paying.

One thing that is recommended to every merchant who accepts debit and credit cards as payment is that he should keep a proper record of all the processing costs that he ends up paying. Don’t just go about paying payment process costs blindly without getting educated on the matter. There are countless ways that one can actually tackle and reduce the payment process costs that they are paying. Find credit card companies that charge lower payment processing fees. Always keep in mind that the profit you make from your sales is your hard earned money and you should do everything you possibly can in saving a large chunk of it.

Card Processing Services

Specialized Service for Card Processing Services

July 12, 2017 admin Leave a comment

When you signed up for card processing service for your company, you might have thought the only benefit was being able to process card payments. Actually, there are a lot more advantages than that.

There’s no doubt that card processing is vital for modern business. Customers do want to be able to charge their purchases.

What are the advantages of card processing?
Almost all consumers nowadays prefer to pay with a card for convenience. Whether your customer selects to purchase from the internet or personally visits your store location, providing them with money or card payment options will surely give you the edge over your competitors. Just imagine how much sales you may lose if you only accept cash payment.

If you are a wholesale supplier, accepting card payment from business-to-business clients is also advantageous especially as more and smaller enterprise entrepreneurs nowadays use business credit to make corporate credit history.

Why Should You Hire a Card Processing Service?
Card Processing services in UK offers merchants a bunch of value advantages for their merchant accounts. Choosing a well-known and experienced card processing service provider can be very beneficial to your corporation. The biggest advantage of hiring card processing company to manage payments is the freedom it allows you to focus completely on expanding your company.

You need to explore the different services offered by card processing firms. Find one that’s right for your business today.

Credit Card Processing, High Risk Merchant Account

We Also Offer Card Processing Services Including Features Like

June 24, 2017 admin Leave a comment

Full Featured Payment Gateway Processing
one hundred% Compatible with ALL Shopping Cart/Ecommerce Services
Virtual Terminal: Sale, Authorize, Capture, Void, Refund
Electronic Check Processing (ACH): Sale, Void, Refund
Recurring Billing: Add & Manage Subscriptions
Customer Processing: List, Invoicing, Manage Customers
Tools: Batch Uploads, Transaction Reporting
Website Integration: Direct Post/ API / All Shopping Carts Compatible
Mobile Solutions: Process with Your IPhone/IPad or Android Device
Simplicity: We make it easy and simple to process transactions

Important Note: We generally have a service provider answer for almost every sort of enterprise which includes each low and the highest hazard merchants. There are No Application Fees. It is a hundred% unfastened to use and be approved! This is because the credit card processing enterprise is a low margin, high quantity enterprise whose primary worry is the threat of chargeback’s. Certain categories of groups have a historically high chargeback fee, and due to the fact credit score card processing is one of these low margin enterprise, service provider account companies are forced to color with a large brush, and normally deal with any enterprise in a “excessive danger enterprise” as high-danger, irrespective of the man or woman agencies real chargeback or regulatory hazard. Consequently, in case you’ve already implemented for a service provider account in your enterprise that operates in an excessive-hazard category, it’s quite in all likelihood which you’ve been rejected by using a conventional low hazard credit card processing corporation. Thankfully, but, there are some correct corporations specializing in excessive danger merchant bills.

Domestic and Offshore Options

It works with a number of sponsor banks that offer each domestic and offshore excessive threat service provider accounts. Our companions and sponsor banks can offer your enterprise with high danger merchant offerings for domestic and international companies. If you’re searching out an excessive high risk merchant account, the primary component you’ll notice is that there are considerably fewer alternatives and that those options range from slightly luxurious to very high priced. If you’d want to higher recognize your options touch us thru electronic mail we today for an unfastened consultation to speak about your high-quality alternatives for setting up a merchant account for your high-risk enterprise. We’ll discuss the subsequent:

Credit Card Processing, Uncategorized

How Wise to use Selfie for Making Payments!

January 28, 2017 admin

The word Pay by selfie is hitting the commercial global markets. The FIDO Alliance and card issuer consortium EMVCo have decided to bring into line their efforts to produce a new mobile payment specification. Selfie pay is totally new and innovative method for customers and merchants to pay and accept payments by verifying the identity when making transaction online with no spamming and fraud.

This allows card holders to verify the identity by using biometrics through selfie scan and finger prints – at the end the user require taking selfie. The only aim to develop a way to use secure nature of password. The update will introduced in certain countries the UK, Germany, Spain, Belgium and Sweden, following a series of successful trials in the US, Netherlands and Canada.

Finextra reports that the trial in the Netherlands proved very popular with 750 ABN Amro secure credit card users taking part. Over three-quarters of those involved stated that they would continue using a fingerprint scan or a selfie to purchase items. While nine out of 10 said they would replace their password with this new technology.
According to Mastercard nine of out ten people it tested in its Dutch pilot said they would like to replace their password with biometric identification definitively, while 75% of users said they are convinced that biometric payments will decrease fraud.

Credit Card Processing

What are the New Techniques used for Credit and Debit Cards Frauds?

January 13, 2017 admin

Now- a-days Credit and Debit Cards Frauds are increased. It’s the threads that is growing and surfacing by every business persons. Although some years ago, many banks and credit unions were enforced to cancel and redistribute thousands of cards as a result of the TJX breach. A recent incident analyses that, banks located in Indiana saw accounts breached from ATM or debit card transactions. Indiana Law enforcement and the FBI are investigating breaches from at least 10 banks, after more than 100 customers reported money missing from bank accounts at the start of June 14. The foremost withdrawals of money from few hundred dollars to a few thousand dollars were dispatched in Nigeria, UK, Russia and Spain.

This year, there are more cases of larger losses of frauds: An Investigation by FBI cyber- crime agent Mr. Albert Murray shows 2 persons, who made hundreds of fraudulent withdrawals from New York City ATM’s, of this year of getting $ 750,000. Although the Industry has made great advances steps in lowering the Credit/ and Debit Cards Frauds. A data called, “Consumers Frauds and Identity Theft Complaint Data” analyses from 2007 shows the complaint database developed by the FTC acknowledged more than 800,000 consumers frauds and identity thefts complaints. Consumers complained loss more than $ 1.2 billion. A Credit Cards fraud, at 23%, was the most common form of reported identity theft. New schemes are emerging and calls for greater analysis and inspections for institutions and their customers.

Some, of the New Frauds are:

Spear Phishing:

In this situation, people accumulate some amount of personal data from several related severs to concept a more direct individual communication that seems very reliable to the customers. Security vendors VeriSign recently shown a study stated that more than 15,000 individuals have been spear phished in this last 15 months.

Counterfeit Frauds:

This is the most top frauds reported for both debit and credit cards. “Particularly skimmed counterfeit frauds.”

Credit Card Processing

Why Credit Card Processing is So Important?

November 17, 2015 admin

Credit Card Processing Importance

Been dealing with online businesses acceptance of credit card is improving the efficiency and effectiveness of your website. It allows you to make automatic payments and make customers hassle free to pay online via credit card. Having credit card processing facilitates for your online business will make the whole buying process easy and straightforward. As it makes you free from the bothers of having to send orders or place remits by telephone, all they fix is simply enter the credit card details and the system grips the order and processes the transaction. It saves your valuable time and money of handle checks and credit card orders.

The prime plus point of accepting credit cards is the fact that it will allow you to program practically all of your online transactions and as you will know an online business needs to be able to function 24 hours a day and 7 days a week, so automation is key to success. Credit card processing handle everything in respect of accepting payments without complete attention and checking everything in order.

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