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What is a Payment Processing System and How Does It Work?

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This article dives into what a payment processing system is, how it works, and its benefits. It links the merchants eCommerce store or point of sale (POS) system and the financial networks involved. A good system plays a vital role in managing cash flow, alleviating fraud risk, and enhancing customer satisfaction.

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How to Create a Secure Mobile Payment Acceptance Strategy

SaaStr

In this article, we’ll give you a clear and concise look at how SaaS providers can do just that, so data breaches can be avoided. In the case of a mobile transaction, tokens are sent to the POS terminal, protecting data while in transit. Carry out a risk assessment. Enable device-specific cryptograms.

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Credit Card Surcharge Guidance: A State-by-State Overview of Surcharging Laws

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In this article, we’ll explore the nitty-gritty of credit card surcharge guidance for merchants across the country. As of writing this article, those states and territories are: Massachusetts Connecticut Puerto Rico Note that surcharging laws change quite frequently so you should stay up-to-date on the latest developments.

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How are Interchange Fees Calculated?

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In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. Swipe fees also depend on a variety of factors that well explore later in the article. Transactions at points-of-sale where a customer physically swipes or inserts their card have lower interchange fees.

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Understanding the Payment Terminal: Integrated vs. Semi-Integrated vs. Non-Integrated Payment Terminals

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In this article, we’ll be examining fully-integrated terminals, semi-integrated terminals, and non-integrated terminals. Your payment terminal can be fully or semi-integrated with your POS system. Fully-Integrated Semi-Integrated Non-Integrated POS Requirements The POS and terminal are one and the same. Card-present rate.

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How to Choose Between EFT vs ACH: A Comprehensive Guide

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In this article, well help you do just that. Clients only need to swipe a card at your point-of-sale (POS) terminal or enter their bank account number into your website (Initiation). Which one should you choose? Learn their differences and analyze how their pros and cons would work for your business.

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How Adopting Mobile Payments Can Help Your Business Grow in 2024

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Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone. Thanks to these modern payment solutions, credit card, and debit card users can now complete their purchases without swiping or inserting their cards at the point of sale (POS) terminals.