by Total-Apps | Apr 1, 2016 | Payment Processing
ACH (automated clearing house) is a processing system regulated by the National Automated Clearing House Association that manages all money and data being moved throughout the US. NACHA represents more than 10,000 financial institutions, facilitating safe and secure...
by Total-Apps | Mar 24, 2016 | Payment Processing
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...
by Total-Apps | Mar 24, 2016 | Payment Processing
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...
by Total-Apps | Mar 18, 2016 | Payment Processing
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...
by Total-Apps | Mar 11, 2016 | International Merchant Accounts, Payment Processing
If you’re a merchant looking to work with customers outside the United States, you’ll need two accounts: a domestic merchant account and an international merchant account. In general, a merchant account is a specific bank account that allows businesses to...
by Total-Apps | Mar 11, 2016 | EMV, Payment Processing
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...