Clearly Payments

NOVEMBER 13, 2024

The role of the BIN extends beyond simply identifying the card issuer; it affects various aspects of the payment process: Transaction Routing : When a customer makes a purchase using a card, the payment processor uses the BIN to route the transaction to the right financial institution. Why is the BIN Important in Payments?

Process

Stax

NOVEMBER 21, 2024

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data.

Credit Cards

EBizCharge

MARCH 11, 2025

Chargeback and dispute fees: Chargeback and dispute fees are costs merchants incur when a customer disputes a transaction and requests a refund through their credit card issuer. Monitor and audit processing fees regularly: Regularly review your processing fees to ensure they remain competitive.

Processing Costs

EBizCharge

JANUARY 16, 2025

It also aids in matching transactions to specific accounts during financial audits. Specialized reward programs: MCCs allow credit card users to participate in specialized reward programs. Credit card companies often offer cashback or rewards for purchases in specific categories, like travel or dining.

Credit Cards

Stax

APRIL 10, 2025

Contact us 10 Top Payment Methods for Small Businesses Credit and debit card payments Card payments (credit cards and debit cards) account for 50% of the total number of small business transactions and remain the primary way customers make purchases on-site and online.

Small Business

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Subscribe to regulatory updates or newsletters from relevant federal authorities, such as the PCI Security Standards Council (​​more on this later)​​. Enter the PCI DSS compliance.

Credit Cards