payment industry news
Follow the blog for all of your payment industry news. We talk about FinTech, Credit Card Processing, High-Risk Merchants, and much more. Allen Kopleman has been providing merchant accounts for small business for over 20 years. Nationwide Payment Systems provides merchant account services to local businesses in South Florida.
Secure Payment Processing for Businesses: What Keeps Card Transactions Safe and What You Are Responsible For
Secure payment processing is not one product. It is four layers working together: protection for the card number itself, a way to check that the person paying is allowed to, screening that catches suspicious orders, and...
Integrated Payment Systems: What They Are, How They Connect to Your Software and How to Choose One
An integrated payment system is a way of accepting payments in which the payment step is connected to the software you already run your business on, so a sale, an invoice or an order and its payment live in one record...
Online Payment Gateways vs Merchant Accounts for an Online-Only Small Business
A payment gateway is the secure connection that collects a customer's card details on your checkout and sends them off for approval. A merchant account is the account that lets your business accept card payments and receive...
The Best Payment Processor for Your Business: How to Compare Rates, Contracts and Support
The best payment processor is the one that fits how your business actually sells, shows you every fee in writing, puts the contract terms in plain view and has a real person to call when money stops moving. No single...
Semi-Integrated vs Fully Integrated Point of Sale: What the Choice Means for Payments, Reporting and Cost
In a fully integrated point of sale (POS), taking the card is part of the POS system itself, so the sale and the payment live in one system from one provider. In a semi-integrated setup, the POS software and the card...
Can a Business Be Blacklisted From Accepting Cards Permanently, and How Does That Happen?
No single, permanent blacklist of businesses that can never accept cards exists in the places most merchants fear. What does exist is a handful of different records, rules and decisions that all get called "a blacklist,"...
Managing Chargebacks and Fraud Without a Specialist: What Small Ecommerce and In-Store Merchants Can Do Themselves
You can handle most chargebacks and fraud yourself if you treat it as a small, steady routine instead of an emergency. That means a written set of rules, one place where every dispute is logged, an evidence folder for each...
What Is Chargeback Management? What It Covers, What It Costs You Internally and When to Get Help
Chargeback management is the set of jobs that keeps card disputes from costing you more than they have to: stopping them where you can, catching them early where you cannot, answering the ones that land and learning from...
Why Visa and Mastercard Monitoring Programs Are Not the Same List, and Why the Difference Matters for Your Account
Visa and Mastercard each run their own program to watch merchants with too many disputes, and the two programs count different things, use different tiers and are enforced through different rules. A merchant can be...
Why Acquirers Use Reserves Instead of Simply Declining High-Risk Merchants
An acquiring bank uses a reserve because it gives the bank a third answer between "yes" and "no": approve the business, but keep some money nearby in case losses arrive later. When a bank looks at a merchant it has to guess...
How ACH Payment Processing Costs Work for a B2B Ecommerce Business: What Fees to Ask About
ACH processing costs are built from several small lines, not one rate, and the line that looks cheapest on a quote is not always the one that decides what you pay. For a business that sells to other businesses online, the...
Merchant Accounts for Every Business Type: What Changes by How You Sell
A merchant account is the account that lets a business accept card payments, and every business type uses the same basic one, but how you sell changes almost everything around it. A store with a counter, a restaurant with...