Tag Archive for Credit Cards

The Ultimate Guide to Choosing a Credit Card Processor

by Jason Fell • January 17, 2024 • 0 Comments

Use this detailed walkthrough to choose a credit card processor for your small business.

Best Credit Card Processors of 2024

by Jason Fell • January 12, 2024 • 0 Comments

If you’re a small business looking for a credit card processor, check out these top brands.

Considering Credit Card Surcharging? Here's What You Need to Know.

by Jonathan Razi • September 29, 2020 • 0 Comments

The method of passing the extra costs of credit card usage to customers using credit cards is becoming ubiquitous, but there’s still a lot many businesses don’t know about the practice.

What does PCI compliance mean for your small business?

by Geoff Forsyth • September 23, 2019 • 0 Comments

Originally written by Geoff Forsyth on Small Business
PCI DSS compliance can often seem like a mountain to climb for small businesses, but that needn’t be the case. With the right knowledge and the right partners, it can be understood (and achieved) without much trouble at all.
What is the PCI DSS?
PCI DSS stands for Payment Card Industry Data Security Standard. It is an international security standard which was set up by the biggest names in the payment card industry (Visa, MasterCard, Discover, American Express and JCB) to help businesses process card payments safely and securely, helping them to avoid credit card fraud.
The standard enforces strict guidelines regarding the processing, storage and transmission of private cardholder data.
See also: 40% of the UK’s micro businesses do not accept card payments
Who needs to be PCI DSS compliant?
All companies that take credit card payments. If you accept, store, transmit or process cardholder data then PCI DSS applies to you. It doesn’t matter how large or small your business may be, you are obliged to comply with the standard.
What is PCI DSS Compliance?
PCI DSS sets out 12 requirements that merchants need to meet if they are to comply, as follows:
►Build and maintain a secure network
• Install

Hot Business News Today

Merchant cash advance – the funding option that’s made for retailers

by Partner Content • June 20, 2019 • 0 Comments

Originally written by Partner Content on Small Business
In the past, when a business needed finance to grow their business or solve a cash flow challenge, they applied for a business loan. Makes sense, right? Your business needs some cash and a loan gives you just that.
But sometimes a straightforward business loan isn’t the right option for every business. Take retailers as an example. Retailers need to buy stock and pay for staff, equipment and premises. But their income is generally made up of small payments from customers. And most retailers are susceptible to seasonal spikes and troughs in revenue, which often does not give them the best chance of repaying that standard business loan on time.
This is the challenge that can be solved by the merchant cash advance.
What is a merchant cash advance?
A merchant cash advance is a relatively new type of funding that’s designed for businesses that use card terminals to process customer payments.
You simply borrow a set amount and make your repayments as a percentage of each card terminal payment until you’ve paid off the full amount. You can generally borrow up to the equivalent of a month’s turnover with a merchant cash advance.
What makes a merchant cash