Card processing costs can be a little complicated without knowing the basic pricing models those fees are passed through. Last time, we explored what the fees are you might see on your merchant statement. In this installment, we will look at the main pricing models […]
Many fees can be imposed on a merchant based on a various rules and regulations created by the Card Associations. It is from these fees, that the Merchant Services Provider, Processor, Issuing Bank, and Card Associations all take portions for their services. This blog will walk you through […]
You want to accept credit cards, but you don’t see your customers or donors in person, so card swipe devices do not seem like a plausible solution. This time, we will not only look at the options available for “keyed” transactions, but other important factors to processing in a card-not-present […]
To Swipe or not to swipe? A very important question. Why would you consider a swipe option versus a “virtual terminal”? The benefits of the swipe lie in the processing fees. If you are in an environment where the card is present at most of the time, then you should […]
The process of writing checks has been replaced with the use of cards in many cases. It seems everywhere you look today, there’s a card for it. In this installment of The Basics, we’ll look at the different payment card types and explore the similarities and differences between them. […]
The Automated Clearing House (ACH) System is one of the most important electronic payment systems in the country because of its simplicity, broad reach and economic efficiency. Many churches, nonprofits and ministries are turning to ACH to keep costs down when accepting online donations and event registrations. […]
ACH stands for Automated Clearing House. This bank-owned network is an electronic fund transfer (EFT) system used by nearly every bank in the United States and accommodates quick and safe transactions. The popularity of ACH payments continues to rise with the move to automated online payments. […]
It all starts with a donor who wants to give online. They click the “Give Now” button and are directed to a secure payment page. The donor arrives at the payment form that collects the card information. When the donor finishes entering their information and submits the gift, the authorization process begins. […]
As the name suggests, a payment card is a card that can by used by a consumer and accepted by a merchant to make a payment for goods, services, donations, etc. These cards typically fall into one of two basic varieties: the credit card and the debit (or prepaid) card. […]