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The Anatomy of a Credit Card Transaction

Clearly Payments

PCI DSS Compliance : Merchants and payment providers must adhere to Payment Card Industry Data Security Standards (PCI DSS) to protect cardholder data. Software solutions that integrate inventory management, reporting, and customer relationship management (CRM).

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Credit Card Processing for Small Business: Everything You Need to Know

Stax

The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank. 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.

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The Different Ways a Business Can Accept Credit Cards

Clearly Payments

Once approved, the funds are transferred to the business’s merchant account, typically within 1–3 business days (same day or next day with Clearly Payments ). Security Features Fraud and chargebacks are significant concerns for businesses accepting credit cards.

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The Top Payment Methods For Small Businesses

Stax

Choosing to accept payment methods outside the preferences of your customers could mean losing business to competitors and getting it right will mean happy customers, increased revenues, and more sales opportunities. It’s also perfect for businesses with a subscription-based (recurring payments) sales model.

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How to Select the Best POS System for Small Business

Stax

Sales Reporting and Analytics Provides comprehensive insights for better business decisions. Includes data on sales trends, most popular products, busiest times of the day, and best-performing employees. Customer Relationship Management (CRM) Saves customer contact details, preferences, and purchase history.

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What are Merchant Accounts and How Do They Work?

Stax

When a transaction takes place, the payment arrives first in the merchant account before being transferred to the business owner’s business checking account. It usually takes one to two business days before these funds are available to the business, though some payment processors may offer same-day deposits.

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Mastering Payment Effective Dates: Key Insights for Businesses

EBizCharge

While payment timelines can vary depending on the financial institution and transaction type, business days are typically when most payment activities occur since most don’t process payments on weekends or public holidays. For example, ACH payments have an effective date of two to three business days post-transaction.