I worked for several years for a large payment processor, so today, I want to explain one confusing aspect of processing credit cards – all those dang fees! TL;DR There are three types of processing fees: There are three types of fees structures: Credit card processing fees can confuse business owners looking to accept digital…
If you are a business owner looking to streamline your payment process, you have likely heard of point-of-sale (POS) systems. POS systems make the payment process easier and more efficient for businesses and customers. POS systems are a combination of hardware and software that enable businesses to accept payments, manage inventory, track sales, analyze data,…
Every business is different, so why should you use the same merchant services as everyone else? Traditional merchant service providers don’t offer the flexibility or customization that your business needs. You’re stuck with a one-size-fits-all solution, even if it doesn’t fit your unique needs. PaymentCloud offers a suite of customizable merchant services tailored to fit…
No merchant is immune to chargebacks. Whether you run a brick-and-mortar store or an online business, you will likely experience a chargeback at some point. So, what is a chargeback? A chargeback occurs when a cardholder disputes a debit or credit card transaction with their bank or credit card company, and the bank issues a…
Are you struggling to keep up with the ever-growing demand for fresh, engaging content while maintaining a high-income skill? You’re not alone! In fact, 85.1% of AI users use it to create blog content. But fear not, because I have the perfect solution for you. In this blog post, I’ll reveal the 7 best AI…
Hey everyone! Today we will dig into some of the most exciting FinTech trends. The global Fintech market is expected to grow at an incredible Compound Annual Growth Rate (CAGR) of 19.8% over the next five years before reaching USD 332.5 billion in 2028, according to a recent report from MarketsandMarkets™. The growth will be driven by…
Data breaches are becoming all too common, and businesses are scrambling to find ways to protect their systems. When I was working as a software engineer for a large payment processor, I realized how critical cybersecurity was for large enterprise systems. As one of the breaking FinTech trends, one promising solution is zero-trust architecture (ZTA),…
Getting a high-risk merchant account with instant approval can be a tempting proposition. It sounds too good to be true, and in most cases, it is. These accounts are offered by shady companies that are looking to take advantage of business owners who don’t know any better. TL;DR: In this blog post, we will explain…
If you are running a multi-level marketing (MLM) business, then you know how important it is to have a way to accept payments from your customers. This can be done in a variety of ways, but one of the most popular methods is to use an online credit card payment processor. Setting up payments doesn’t…
Are you looking to sell CBD products, either online or in your retail store? CBD, or cannabidiol, is becoming more and more popular, so it’s important to find a high-risk payment processor that can handle your transactions. That’s why I put together this list of the 7 best CBD processors. When I was working at…
