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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. Look for PCI DSS-compliant payment gateways that optimize the security of credit and debit card transactions. This is known as the settlement time. Learn More What is a Payment Gateway?

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The Anatomy of a Credit Card Transaction

Clearly Payments

It occurs in a matter of seconds but consists of multiple stages, from authorization to settlement. PCI DSS Compliance : Merchants and payment providers must adhere to Payment Card Industry Data Security Standards (PCI DSS) to protect cardholder data. Credit Card Use Overview in USA and Canada In the U.S.,

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What is a Payment Processing System and How Does It Work?

Stax

Funds are settled and deposited into the merchant account – Once the transaction has been approved, the funds are deducted from the customers account and deposited into the merchant account or payment service provider account after settlement. Ideally, you want instant or same-day fund settlement.

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

Stax

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

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How To Integrate a Payment Gateway into Salesforce

EBizCharge

Popular customer relationship management (CRM) platforms like Salesforce continue to streamline these operations with robust sales, marketing, and service tools, making the ability to process payments directly within this system the cherry on top. When your payment system and Salesforce CRM are in harmony, workflow becomes more efficient.

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Choosing the Right Payment Gateway for Your Specific Business Needs

My Payment Savvy

This tokenization keeps the sensitive card information off your servers, reducing the risk of a data breach and easing PCI DSS compliance. Settlement (1–3 Business Days Later) At the end of the day, your processor batches all approved transactions and sends them for settlement.

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How to Optimize Your Invoicing and Billing Processes

EBizCharge

These include regulations such as Payment Card Industry Data Security Standards (PCI-DSS), General Data Protection Regulation (GDPR), and local and industry-specific invoicing laws like the Health Insurance Portability and Accountability Act (HIPAA). Failure to comply can result in fines or legal issues.