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Payment Processing
26 posts
Debit Card Processing Rates Explained
A Federal Reserve report from 2020 shows that an average debit card fee is 0.65% of the transaction…
What is a Partial Authorization?
A partial authorization is a type of financial transaction in which the cardholder’s bank approves only a portion…
Card Not Present Transactions: Everything You Need to Know
While CNP transactions are convenient for consumers, they pose a greater risk for fraudsters. That’s because it’s harder…
How to Avoid eGift Card Fraud?
Many people buy gift cards online because it is easier than physically going out to shop. However, there…
What does Payment Processing Mean and How Does It Work?
Payment processing is an important part of running a successful business. It works for cash and credit-based transactions,…
What is a Merchant Identification Number?
A Merchant Identification Number (MID) is a unique identification number issued to businesses by card associations for the…
What Is a Third-Party Payment Processor?
A third-party payment processor is a company that handles payments on behalf of other companies, giving them access…
How to Set Up a Merchant Account?
A merchant account, also known as a merchant services account, is an arrangement that allows business owners to…