It doesn’t occur very often, but there are times when a merchant will find that some of their sales deposits cannot be released to them because they are being held in an escrow account called a reserve.     The reason some monies are held in reserve is due to the fact that when a […]

The post Understanding Merchant Account Reserves appeared first on National Processing and is written by Christian Woodward

Reddit small business revolves around subreddits which you can join, share and learn from others.

The post Reddit Small Business: 4 Subreddits That Are Perfect for SMB Owners to Join appeared first on National Processing and is written by Christian Woodward

ISO is the abbreviation for Independent Sales Organization and is a term that describes an individual or organization that is not a bank (credit card industry association member).

The post Understanding What Registered ISO/MSP’s Are appeared first on National Processing and is written by Christian Woodward

What if we told you that you may be missing out on great uses for your (POS) point-of-sale system?   These uses can drive more revenue and make your business run smoother. So it’s too bad many businesses only think of their POS as a way to take payments.    Let’s clear that myth up […]

The post Point-of-Sale Systems (6 keys to maximize your POS) appeared first on National Processing and is written by Shane McLendon

Of the more than 5,000 complaints about Square filed with the Better Business Bureau in the past three years, over 3,600 were in regard to problems with Square customer service. Here are some of the most common reasons cited by merchants and a few tips for picking a Square alternative that won’t land you right back in the same […]

The post Square Customer Service Complaints and Better Alternatives for Merchants appeared first on National Processing and is written by Christian Woodward

A virtual terminal is an internet-based terminal that gives small businesses a way to accept credit cards and other forms of payment without any of the equipment or software that’s needed for a full Point-of-Sale system. But it’s much more than a digital version of a physical terminal. Keep reading to learn more about what […]

The post What’s the Point of a Virtual Terminal? 6 Benefits of Internet-Based Terminals for Small Businesses appeared first on National Processing and is written by Christian Woodward

There are six basic credit card transaction types that merchants will encounter as they do business. Generally, transactions are categorized by your payment processor automatically but it helps to know what the different types are. You’ll need to know how to process each kind with your Point-of-Sale (POS) system or online payment gateway. Getting it right the […]

The post 6 Credit Card Transaction Types and How to Avoid Chargebacks by Using the Right One appeared first on National Processing and is written by Christian Woodward

Chargebacks are one of the most frustrating parts of running a business. No matter how careful they are about preventing fraud and keeping customers happy, every merchant is likely to get hit with chargebacks now and then. But if your chargeback rate exceeds 1% of your transactions, you can get flagged as high risk, which […]

The post 5 Common Causes of Chargebacks for Merchants and How to Avoid Them appeared first on National Processing and is written by Christian Woodward

After keep rates relatively stable throughout 2020 and 2021 in light of the impact of the COVID-19 pandemic on businesses, Visa, MasterCard, American Express, and Discover hiked interchange rates in 2022.    In April last year, the four major card issuers updated their interchange rates, meaning merchant fee increases for millions of small business owners already […]

The post Interchange Rate Hikes Are Straining Small Businesses—Here’s How You Can Combat Merchant Fee Increases appeared first on National Processing and is written by Christian Woodward

In the simplest terms, a high risk merchant is one that’s more prone to chargebacks, fraud, or other issues that could put a payment processor at risk. The definition has little to do with whether or not you, as a merchant, have an actual history of fraud or other problems.    Instead, payment processors automatically […]

The post What Is a High Risk Merchant? How to Tell If a Payment Processor Will See Your Business as High Risk and What You Can Do About It appeared first on National Processing and is written by National Processing