In our last article about payment integration, we looked at what payment integration is and how to it can optimize your merchant services. In this article we’re looking at API connectors; a software secret that opens your options as a merchant, and potentially allows for significant savings on your payment processing expenses.   Payment integration requires payment APIs.   Integrated payments are facilitated through Application Programming Interfaces (APIs) – protocols that allow different software applications to communicate…

The world of payment processing is incredibly complicated, with lots of different moving parts. Depending on how your business or organization operates, it only becomes increasingly complex. Payment integration is the process that simplifies all of that, ensuring a seamless experience across various systems, platforms, or applications.   In this article – part one of a two-part series on payment integration – we look at what payment integration is, and its benefits for both the merchant…

Did you know there are more than 700 categories for merchant services transactions? Quite frankly, that’s just too many for you to have memorized to know if you’ve been assigned the best code by your payment processing services provider.   In this article, we take a look at Merchant Category Codes, and the importance of ensuring your business is using the correct designation.   What is a Merchant Category Code?   A Merchant Category Code (MCC) is a…

If you’re a business that accepts card payments, especially online, you may have encountered the term ‘high-risk merchant account.’ This can be a nerve-wracking term to hear, especially if it applies to you and your finances. So, what is a high-risk merchant account, and how does being labelled as one impact your payment processing fees? In this article, we take a look.   What is a high-risk merchant account?   A high-risk merchant account is what…

For today’s merchants, offering quick and accessible payment options is a must. For physical locations, that often means keeping up to date with the latest quality terminal technology.   One of the tougher decisions can be whether to rent those current terminals from your provider, or purchase them outright. In this article, we examine that question in depth.   A clear answer is hard to find.   Researching whether to buy or rent can leave you with as…

If your business accepts card payments, you’re potentially vulnerable to chargeback fraud. Also called ‘friendly fraud’ – a less than accurate moniker – chargeback fraud is a growing problem for businesses, especially in the age of online shopping.   In this article, we look at chargeback fraud; what it is, why it happens, and how to protect your business against fraudsters. What is chargeback fraud?   Chargeback fraud happens when a consumer makes a purchase – usually…