Credit card processing is the series of steps & systems involved in completing a transaction made with a credit card. Learn how to process credit card payments.
1. Cardholder: The workflow begins with the cardholder who swipes or inserts their card. The action gives payment information to the merchant physically or via the internet. 2. Merchant: The merchant takes the payment information they’re given in person using POS systems. If the card and cardholder aren’t present, the merchant will use an online gateway to collect cardholder information. 3. Credit card processor: The processor’s role is to harvest the payment information and route it to th...
As convenient as credit card processing is, bottlenecks still exist. However, using some or all of the tips below, it’s possible to speed up credit card processing and make transactions faster and even more convenient. A simple way to speed up transactions is to have multiple payment locations (i.e. POS systems or credit card terminals) throughout your store. This helps reduce bottlenecks and keeps each individual line relatively short. With mobile credit card processing (via smartphones and tablets), you don’t need to have lines at all. Ea ...
Learn about the different types of credit card processing fees, how they affect your business, and strategies to minimize costs effectively.
What is a Credit Card Processing Service? · Credit cards are still the most popular payment method in the United States, despite the rise of other payment methods like Google Wallet and Apple Pay. If you run a business, whether online or in a physical location, you almost certainly accept credit cards. (Who doesn’t these days?) If you accept credit card payments from customers, you must use a credit card processing service to process the payment. Unfortunately, as the sector has grown, so ha...
In this tutorial, we’ll be looking at a Node example to show how to store a credit card using the PayPal vault, then reference that stored credit card to process a credit card transaction...
In this blog post, we will illustrate how you can build your credit card payment processing platform on AWS. We will also provide two high-level reference architectures for credit card...
When was the last time you had cash on you? If you’re like most people who get this question, your answer is probably that you don’t carry it. For most people, cash now takes a backseat to its plastic counterpart. That’s why accepting credit cards isn’t an option for any organization — including nonprofits. Online credit card processing is about more than convenience — it’s about customer experience. Consider a few of the benefits accepting credit cards delivers to supporters and o...
evaluating credit card processing providers, review your state bar rules and ethics... What happens when a law firm is called on behalf of credit card companies? We published this blog post...
Credit card processing fees don't have to be complicated. Understanding the three components of cost will help you accurately compare offers.