What Goes Into the Underwriting Process?

What Goes Into the Underwriting Process?

After you submit your merchant account application, there is a review period where an underwriter will examine specific documents to determine if your merchant account can be approved. Your monthly processing volume will also be determined at this time. Underwriters...
eCommerce Merchant Accounts

eCommerce Merchant Accounts

Running an eCommerce business is very different from a retail storefront. You need to consider pricing and other factors to determine if eCommerce or retail is best for your business. With eCommerce, products, services, funds, and data are being sold over the...
What Are Interchange Fees?

What Are Interchange Fees?

An Interchange fee is a charge paid by a merchant’s bank (acquiring bank) to a cardholder’s bank (issuing bank). It is charged for every transaction a customer makes with his or her credit card. The fee compensates the issuing bank for the benefits of accepting...
What is EMV? What Should My Business Know?

What is EMV? What Should My Business Know?

EMV stands for ‘Europay, Mastercard, and Visa’ and it represents the new worldwide standard for credit card payments employed to make credit card transactions more secure. EMV cards contain a microchip, or ‘smart chip,’ which securely stores data, making credit card...