What is a Virtual Terminal?

What is a Virtual Terminal?

A virtual terminal is a cloud-based payment processing application that runs on any computer, tablet, or mobile device. Retailers, wholesalers, and professional businesses use virtual terminals to accept credit card payments remotely. Virtual terminals let merchants...
Debit Cards vs. Credit Cards: Which Should Merchants Prefer?

Debit Cards vs. Credit Cards: Which Should Merchants Prefer?

Many people carry both credit and debit cards in their wallets. Credit cards are nice in that they let consumers “borrow” money for 30 days or longer. Debit cards are nice in that they don’t rack up huge interest fees – purchases come directly out of...

Tariff-Related Price Changes

To our expert advisors: Due to the government’s recent imposition of tariffs on certain goods manufactured in China, prices are increasing on many of our credit terminals and related equipment. These price changes are effective September 1, 2019, and affect...
What PCI Compliance Is – and Why It’s Important

What PCI Compliance Is – and Why It’s Important

When I was younger I worked in my father’s retail business. When a customer paid by credit card we swiped the card on a clunky old credit card imprinter device, which made three copies of the transaction. We gave one to the customer as a receipt, we sent one to...
How Interchange Rates Work

How Interchange Rates Work

If you’ve ever looked at your monthly payment processing statement, you’ve probably seen transactions billed at a variety of different rates. Some cards might be billed at 1%, some at 2%, some at 3% – and some at all manner of rates in-between. What...