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The Ultimate Guide to Accepting Credit Card Payments

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The customer Put simply, this refers to the cardholder who uses their debit or credit card to pay for the products or services. Acquiring bank This is the merchant bank that allows the business to receive money from card transactions and store these funds. Think: Visa, Mastercard, American Express, and Discover.

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Everything You Need to Know About Credit Card Processing

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Credit card processing can be overwhelming, expensive, and confusing. And yet, accepting non-cash forms of payments is more or less required to operate a modern business, at least in the U.S. Credit, debit, and digital payments have far and away become the most popular payment method. merchant’s) bank.

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Everything You Need to Know About PCI Compliance for Credit Card Processing

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And when that happens, non-compliance can lead to many degrees of harm to any and all business owners. It gets worse: merchants that use a non-PCI certified provider can face class action lawsuits, fines of up to $10,000 per month, and $500,000 per incident. As such, they’re typically the ones that are scrutinized the most.