Electronic payment processing is a highly-regulated system, and this is mainly because it deals with private and sensitive information of consumers. The regulations are put in place to protect the consumers, processors and merchants. Continue reading “Who Regulates Merchant Service Providers?”
Cash is King, but the new commerce has changed all of that and payment by card is today the order of the day. Continue reading “What Is A Merchant Account?”
Your bank can’t always offer the best price!
Merchant services are essential for every business and are mostly sourced from own banks. It would be wise and prudent for business owners to investigate other options when sourcing merchant services. This article will compare the different options: Continue reading “Why Banks Aren’t Cheapest For Merchant Services”
Accepting cash as a means of payment can be a costly decision. Most businesses are starting to realise that and opting for cash payment. Continue reading “Business Cost of Accepting Payments By Cash”
Merchant services are a scheme that works by enabling firms to accept money from customers inform of debit and credit cards. Continue reading “How does Merchant Services Work?”
Are you looking to start accepting card payments or reviewing your current card payment provider. No doubt the first step is to look on the web for prices. Welcome to the world of Lead Generation!!
Most of the comparison websites out on the web are simply lead generation websites that sell on your enquiry to many of UK based card payment providers. That means that you won’t be getting a selection of quotes (which is really what you want) – rather more you will be getting lots of phone calls from call centres, plenty of visits from reps and self-employed agents and a lot of interruptions.
Continue reading “Cost Comparison websites are really Lead Generation websites”
Data theft and fraud risk from popular online shopping site
Would you leave a bottle of milk in the fridge for two years, and expect nobody else to notice? In what could be an own goal for Walmart’s UK operations, a recent report has prompted a security alert on ASDA’s online shopping site. It turns out that groceries.ASDA.com, their e-commerce site has had security vulnerabilities for two years. Continue reading “ASDA Security Leaks Missed for 2 Years”
Online payment system to fall under Pay360 brand
Outsourcing giant Capita has added PayPoint’s online payment systems to their portfolio. The company, whose interests include processing TV Licence payments, purchased PayPoint.net and Metacharge for £15 million. Its existing customers will benefit from PayPoint’s infrastructure as well as Capita’s own system, Pay360. Continue reading “Capita Picks Up PayPoint Online”
Merchant Services – who is who?
Issuers, Acquirers, ISOs, Gateways, Processors…. Who are they all?
In the search for your merchant service supplier, you have probably come across a confusing array of organisations who sit at various points in the money transfer chain. Sometimes it can be hard to understand just who is taking the payments for you and what they are doing. We’ve put together our simple guide to give you an overview of the different types of players and demystify the process for you.
Continue reading “Merchant Services – who is who?”
You may well have heard the chatter about the EU’s intervention into the credit card market, following their conclusion that Visa and Mastercard were in violation of European antitrust laws and were abusing their position by setting the interchange rate (the percentage paid by banks to them for handling the transaction) artificially high. From 9th December 2015 the new EU regulations will cap interchange rates at 0.2% for debit card transactions and 0.3% for credit cards.
So what does this mean for independent merchants like yourself? Well, in theory, this will mean a saving of 1p versus current rates.
Continue reading “Interchange rates are down – that’s good right?”