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The Ultimate Guide to Accepting Credit Card Payments

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How Do Businesses Accept Credit Cards? Some businesses choose a traditional payment solution to accept credit card payments, while others go with an integrated payment platform. Or they could use a mobile credit card terminal if they prefer to collect payments at the table.

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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

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Key steps include application review, risk assessment, credit checks, and compliance verification. Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments.

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Credit Card Processing for Small Business: Everything You Need to Know

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Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. We have also put together a list of the top three best credit card processing platforms for small businesses.

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Mobile Credit Card Processing Explained: What Business Owners Need to Know

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TLDR Mobile credit card processing first hit the market 15 years ago and in that time it has risen to become one of the most popular methods for processing in-person payments, both with businesses and consumers. What is mobile credit card processing? Understanding what you want is the hardest part.

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The Ultimate Guide to Online Payment Processing

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Encryption and transfer of payment information The payment gateway that underpins your checkout page will now encrypt the customers payment details as stipulated by industry data security regulations like PCI DSS (Payment Card Industry Data Security Standard) before transferring the data to your payment processor.

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The 12 PCI DSS Requirements to Ensure PCI Compliance

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As such, any business that accepts and processes credit card transactions should be aware of PCI DSS compliance requirements. PCI DSS is constantly updated, so you should check if your security control system complies with the latest standards. In 2022, 31% of all payments were made using credit cards.

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Everything You Need to Know About Credit Card Processing

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Here’s a brief guide on the payment process and where each entity plays a role. Step 1: The customer purchases an item with a credit card. Step 2: The credit card is swiped, dipped, or tapped at a POS system or a credit card reader, where the card gets recognized for charging.