PCI Compliance is a relatively new way to ensure that all transactions are being protected by a secure protocol. It is defined as a set of requirements designed to ensure that any merchant that processes, stores, or transmits credit card data maintains a secure environment. It applies to any organization regardless of size or number of transactions.
So why do we all need to be PCI Compliant?
Remember the recent hacks into some large corporations that led to the release of…
When applying for a merchant account, you will be asked to provide your Social Security Number. Just like applying at a local branch of a bank, the SSN is needed to pull up background information and history.
Some merchants are unaware of the need for a SSN in applying and want to know why such personal information is required. We get it. It’s awesome you’re being cautious. Allow us to answer the question of “Why the heck do you need…
, in Credit Card Processing Online Payment
Welcome to the future. We just turned Twitter into a tool for you to sell to your followers.
We’ve created a system that allows customers to respond to their favorite brands, charities, celebrities, and more on Twitter. By tweeting hashtags, users are able to make a transaction within Twitter – without ever going through the hassle of being sent to a shopping cart on a separate webpage.
Similar companies have seen the power of Twitter, and especially hashtags. Companies like Chirpify…
About 30% of the calls we receive are with new merchants that have one common question:
“Will my credit score affect the application for a merchant account?”
It’s a tricky question. In short: yes. Your credit history is reviewed by the underwriting team. This is because opening up a merchant account is a line of credit. The provider is taking some risk for you so they need to make sure all of their bases are covered.
If you have previous processing history…
So you’re ready to open a merchant account for your business and you’re being labeled as “high risk.” Why? What does this even mean? You know your business is legit. So why the push back?
First, what type of businesses are labeled as high risk?
Here are a few examples:
Vape / eCig
Sexual Oriented / Pornographic Websites
Etc. Etc. Etc.
The list goes on. The fact that you are labeled as high risk makes for a few additional steps in…