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Choosing the Right Payment Processor for Your Restaurant Business: Key Factors to Consider
How do I accept credit card payments at my restaurant? To accept credit card payments, you need credit card processing companies or a merchant account provider that can facilitate the transaction process. They will provide you with the necessary equipment, such as credit card readers or a payment terminal, and handle the communication with the…
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How Payment Processors Can Reduce Risk and Costs for Your Business
It turns out that credit card processors can lower risk and expense for businesses, which will eventually boost profits while keeping private data safe and sound. Some of the advantages of working with the right payment processor include effective anti-fraud safeguards, adhering to legal requirements, and handling chargeback claims. When reviewing the merchant service accounts…
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Small Business, Big Benefits: What Makes a Payment Processor the Best Choice for Your Company?
We’ll look at the main criteria that make a payment processor the best option for small business. When choosing a payment processor to suit the particular requirements of your small business, we’ll show you what to look for from affordable fees and rates to security and fraud protection. Competitive Fees and Rates When balancing your…
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How Does Credit Card Processing Work?
the transaction cycle The customer presents a card to the merchant for purchase of goods or services after the card is swiped or entered into the point of sale software the processor sends out for authorization through the payment processing network. The issuing bank approves or declines the transaction based on funds available. The transaction…
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How To Avoid Chargebacks And Associated Penalties
If you have to take that card and key the transaction in it’s usually a higher cost for you to accept that card because there is additional risk involved. In this case, even though it may be a face-to-face environment, you will be keying it in so it looks as if it was a transaction…
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Five Red Flags Of Fraud And What You Should Look For
When fraudsters buy something with a stolen credit card, they obviously won’t ship the product they purchase to the actual credit card holder so they’ll need to find an address where to ship the merchandise. Typically, they don’t want to ship it to their house in case there’s an investigation they don’t want anyone to…
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What is Credit Card Fraud and How Do You Minimize It?
You can sometimes identify those kind of transactions being shipped to a warehouse or being shipped to a big apartment building. Often, the billing address entered during checkout doesn’t match the billing on file for the card holder and this is something that’s more easily identifiable. This is called an AVS (address verification service) mismatch…
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PCI Compliance And Why It’s Important
Why PCI Compliance Is Important? For most of the merchants we fulfill the requirement of the questionnaire that you fill out annually by saving your answers for the following year. A third party company does PCI compliance for credit card payment processors by doing a scan of the system. PCI compliance can affect your business…
