article thumbnail

All You Need to Know About Internet Credit Card Payment Processing

Stax

Payment gateway : The role of the payment gateway is to capture the payment information entered into the eCommerce platform, in order for the data to be sent to the payment processor. Think of the gateway as the online equivalent of a card reader or point of sale (POS) system in a brick-and-mortar store.

article thumbnail

The Ultimate Guide to Accepting Credit Card Payments

Stax

To give you some clarity, here’s a practical guide that answers the most common questions small business owners have about credit card processing. Learn More What is Credit Card Payment Processing? How Are Credit Card Payments Processed?

article thumbnail

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

Stax

There is no way around it: credit cards are an essential part of the everyday life of your customers and you will only lose customers if you aren’t ready for card payments. In this article, you will discover all you should know about credit card payment processing for small businesses.

article thumbnail

The Price of Convenience: Is There Such a Thing as Free Credit Card Processing?

Stax

Quick and easy setup: Opt for providers that offer seamless onboarding and setup processes to minimize disruptions. Integration capabilities: Consider whether the provider offers integrations with your existing business systems, such as e-commerce platforms, point-of-sale (POS) systems, or invoicing software.

article thumbnail

Credit Card Decline Codes Explained

EBizCharge

Common Hold-Call code examples include: Code # Description 07 Pick up card, special condition (fraud account) 41 Lost Card, Pick Up 43 Stolen Card, Pick Up When a Hold-Call code is received, the point-of-sale (POS) equipment may notify the merchant to confiscate the card and contact the issuer immediately.

article thumbnail

Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

The steps to process a credit card transaction Step 1: Authorization Request The process initiates when a customer presents their credit card for payment. This request contains crucial information such as the card number, transaction amount, and merchant details.

article thumbnail

How to Select the Best POS System for Small Business

Stax

Years ago, point-of-sale (POS) systems were reserved for large enterprises with big budgets. Today, a small business is barely complete without a POS system. If you feel left out, the good news is that there’s a POS system out there ideal for your business.