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What is a Payment Gateway and How Does It Work?

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A payment gateway is a must-have for online stores. In fact, research from 2023 shows that 69% of Americans said they’ve used a digital payment method in the past 3 months when making a purchase. And the best way for online businesses to start accepting payments is with a payment gateway.

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

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TL;DR Credit card payment processing encompasses the series of activities that enable your small business to accept credit card payments from customers and facilitate the transfers of relevant funds from the buyer’s bank account to your business account. You are likely better off opting for a third-party platform.

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The Credit Card Chargeback Process Explained: What Merchants Need to Know

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Initiating a Credit Card Purchase When a consumer wishes to make a credit card payment, they present their credit card to the merchant. The merchant processes the payment using a card terminal or an online payment gateway.

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Understanding Payment Processing Costs in Acumatica and How You Can Save

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Acumatica allows businesses to accept and process credit cards, debit cards, Automated Clearing House (ACH) payments/eChecks, and other transactions seamlessly by integrating with payment gateways. Some payment gateway providers may charge a flat rate, while others charge per transaction.

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The Different Ways a Business Can Accept Credit Cards

Clearly Payments

This involves using a physical point-of-sale (POS) terminal to process card payments. How It Works The customer swipes, inserts, or taps their card on the POS device. The terminal communicates with the card issuer to approve the payment. How It Works Customers enter their card details during checkout.

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The Top Payment Methods For Small Businesses

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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.

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Everything You Need to Know About Secure Payment Processing Systems

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Secure payment systems are easy to implement, as you use your payment processor to create a secure payment gateway. By combining a secure payment system with secure payment habits like not collecting excess data from customers, you’ll go a long way in safeguarding your business against fraud.

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