Social Distancing: Let your customers pay by credit card while remote

Make a credit card payment

Businesses are working remotely. The remote working trend is only increasing, especially during the COVID-19 crisis the world is experiencing. It is becoming more important to let customers pay remotely. We’ve been helping many businesses get set up to take credit card payments while they are working from home or remote offices. These businesses have […]

What is underwriting and merchant account risk?

Payment Costs

Credit card processors (or merchant service providers) have exposure to losing the money. That’s the risk which merchant account providers take. By the way, here’s a great book on the history of risk. Some merchants process $20,000/year in credit card sales, some process $200 million/year. The higher the credit card processing amount, the more the […]

What are reserves in payment processing?

Reserves in Credit Card Processing

A reserve on a merchant account in credit card processing is a temporary hold on a portion before they are deposited in your bank account. For example, if you had a 2 week reserve of $2000, there would be a hold of a rolling total amount of $2000. The funds in the reserve are in […]

When do credit card funds get deposited?


Our goal is to increase your cash flow and your profitability. We increase your profitability by providing you the best rates. We increase your cash flow by depositing your funds incredibly fast. Here we will describe the timing of your credit card processing funds being deposited into your bank account. When you run a credit card […]

How to choose the best payment processor

Quite often, you need a payment processor. If you are accepting credit card or debit cards you will need a payment processor. If you also want to accept EFT/ACH (bank transfers) or cryptocurrencies, it is helpful to have a payment processor. It all depends on your business plan. More specifically, it depends on how your […]

When credit card processing goes bad

It is unfortunate but sometimes there are issues in payments and credit card processing. They range from small annoyances to mission critical problems. Here’s some of the top payment problems and ideas to help you through them. You’re getting chargebacks A chargeback is when a customer that paid with credit card sees the charge on […]

History of Credit Cards

There is a long history of retailers or financial institutions providing credit for customers. In the 1800s and early 1900s, imagine going into your local general store and telling John to put it on your tab. Some store turned this into a paper card to track your purchases. Now fast forward to 1950 and the […]

Credit card and payment processing industry overview

Payment processing market size The credit card industry is big business. Massive. The amount that people spend using credit cards is over $3 trillion per year and that is growing by about 8% per year in the USA alone. The fees add up to around $85 billion per year. It’s easy to understand why payments […]

Declining use of cash. Cash vs Credit Cards.

It’s been a decade long trend. People are using cash less in favour of credit card and debit card payments. It’s a trend that will likely continue so merchants should be prepared. First, this is a slow trend. It’s not going to occur over night, but it is happening. To put some numbers to it, […]