Category: Merchant Accounts
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Everything you need to know about MIDs (Merchant IDs)
Yes, this is yet another number you should be familiar with. But merchant IDs are one of the most important identifiers for your business and shouldn’t go overlooked. GET YOUR MERCHANT ID TODAY What is a Merchant ID (MID)? A payment processor or acquiring bank assigns a unique 15-digit number, known as a Merchant ID…
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Everything You Need to Know About Getting a Merchant Account
Merchant accounts are the spine of your business. There is no structure and no function without one. Below, we’ve outlined everything you need to know about merchant accounts. What they are, differences between them, how to apply, and more. Apply for a merchant account with DirectPayNet What is a Merchant Account? A merchant account is…
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Why 7-Figure Businesses Should Avoid Stripe as Their Primary Payment Processor
Stripe, the Silicon Valley fintech darling, has become the go-to payment processor for countless startups and small businesses. With its sleek API, user-friendly dashboard, and straightforward pricing, it’s no wonder that entrepreneurs across America have flocked to Stripe to power their online businesses. However, as your business grows and reaches the coveted 7-figure milestone, relying…
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Decoding Your Merchant Statement to Lower Credit Card Processing Fees
As a small business owner, maintaining profitability and growth means managing expenses. One area that often goes overlooked is credit card processing fees. These fees can quickly add up, eating into your hard-earned revenue if left unchecked. That’s why it’s important to understand your monthly merchant statement – the detailed breakdown of all the charges…
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How to Get Started with Prop Trading—Is It Legal?
In recent years, the stock market’s increased accessibility has sparked widespread interest in day trading and market making, leading many to explore the world of proprietary (prop) trading. This article aims to demystify prop trading, guiding you through its legalities, intricacies, and potential as a career path. Forget traditional learning methods; this is Prop Trading…
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