Category: MERCHANT ACCOUNT RESERVES
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Stripe Reserves: Everything You Need to Know to Get Your Money Back
Picture this: you’re navigating the high seas of online transactions, where every credit card swipe and ACH payment is a step towards your empire of success. But wait, what’s this? An iceberg appears – Stripe reserves. A bit like those suspenseful moments in a thriller movie, except this is your bank account we’re talking about.…
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Interchange fees could be changing. So, which is better for merchants: debit card or credit card processing?
The fast and easy answer is that debit cards cost less for merchants than credit cards. But that answer doesn’t include card type popularity or preference by consumers. That could be changing too, though, based on support for interchange fee adjustments for debit card use by the Justice Department. Understanding Interchange Fees To understand the importance of the proposed change to interchange fees regarding debit card purchases,…
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Yes, You Can Get a Merchant Account with Bad Credit—here’s how.
Unless you’re thriving off cash transactions, you need a merchant account to make it as a business in 2021. It flips the switch for processing credit cards, the increasingly preferred method of payment for customers. So, you know credit is important or at least useful, but can you get a merchant account with bad credit? And does your personal credit score affect your approval…
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Applying for a Merchant Account? Here Are 8 Facts You Need to Know
Applying for a merchant account gives your business the opportunity to scale that’s incomparable to popular 3rd-party processors. This is especially true for high-risk merchants who are subject to higher rates, monthly processing volume caps, and the possibility of having their store shut down if using a standard merchant account. The merchant account application is…
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FAQ Friday – Understanding Fees Part 1: High-Risk Merchant Account Fees
It should come as no surprise that merchant account fees come standard with any high-risk merchant account. Understanding what these fees are and why you are paying them can help reduce costs in the long run. Some fees are negotiable, some fees can be removed entirely, and others are permanent. In any of these cases,…
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