Category: Merchant Accounts
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Stripe ISN’T a Merchant Account (And Why That Matters for Your Business)
Stripe is everywhere, powering millions of online businesses. Maybe even you are already using it to process credit card payments. Stripe makes it incredibly easy—you can integrate their system into your site in just a few hours. So what’s the problem? Stripe isn’t actually a merchant account. This distinction matters more than you might think,…
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The Complete Guide to Merchant Category Codes (MCCs)
Merchant Category Codes shape how businesses process payments, manage taxes, and operate in the digital economy. These four-digit numerical codes classify every type of business imaginable, from coffee shops to construction companies. This comprehensive guide covers everything about merchant category codes. You’ll discover what they are, how they work, why they matter, and how they…
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MCC 5993: Smoke Shops, Vape, and CBD Need a Better Processor
If you run a smoke shop, sell cigars, offer vaping products, or operate a CBD business, you fall under the Merchant Category Code 5993. Maybe you’re frustrated by payment processors turning you away, or you don’t like the label of “high-risk” just for running your business. Let’s break down what MCC 5993 means, why it…
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You’re MATCH-Listed, Now What?
The MATCH list is one of the most dreaded realities for business owners. Finding out you’re on the list is debilitating, leaving you stranded with no guidance on how to move forward. We’re here to help. Understanding the MATCH list, why you’re on it, who put you on it, and how to accept payments is…
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Payment Processing Bring My Own MID: Is It Possible?
You’re probably familiar with mysterious fees, rigid contracts, and processing rates that seem to climb every quarter. I meet business owners who tell me they want to “bring their MID” to a new payment processor. I get it – you’ve invested time and effort establishing your merchant account, and the idea of portability seems logical.…
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