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Showing posts from August, 2023

Visa and Mastercard are Raising Fees for Merchants

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 Article by Jonathan Bomser | TouchSuite.com In a strategic move set to reverberate across the payment processing landscape, industry giants Visa and Mastercard are primed to introduce a wave of fee hikes that directly affect merchants engaged in online credit card processing . With these substantial changes slated to roll out in the forthcoming months of October and April, the payment ecosystem is bracing for transformation. Citing reliable sources and an industry document highlighted by The Wall Street Journal, it's anticipated that these shifts could inflate merchants' yearly expenditures by a staggering $502 million. These projections, offered by CMSPI, a consulting firm specializing in financial analysis for businesses, underscore the potential financial ripple effects of these adjustments. Given these imminent changes, businesses are well-advised to explore affordable point of sale solutions and E-commerce gateway solutions that can acclimate to the potential shifts in m...

The ABCs of Credit Card Processing: A Comprehensive Guide for Businesses

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 Article by Jonathan Bomser | TouchSuite.com In today's digital age, businesses flourish through convenience and seamless transactions. Credit card processing stands as a vital component of modern commerce, enabling companies to accept payments efficiently. Whether you operate a traditional brick-and-mortar store or an e-commerce giant, comprehending credit card processing is vital. In this detailed guide, we will delve into the ABCs of credit card processing, shedding light on topics from high-risk business payment processing to e-commerce gateways, and even specialized areas like credit repair and CBD sales. DOWNLOAD THE ABCs OF CREDIT CARD INFOGRAPHIC HERE Accept Credit Cards: The Foundation of Modern Commerce At the heart of credit card processing lies the ability to accept credit cards , revolutionizing business transactions. Offering this payment option caters to customer preferences and boosts sales opportunities. When a business chooses to accept credit cards, it opens doo...

Beyond Transactions: Decoding the World of Merchant Processing

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 Article by Jonathan Bomser | TouchSuite.com In today's rapidly evolving digital landscape, where financial interactions transcend geographical boundaries and time zones, the realm of merchant processing has undergone a sophisticated transformation, emerging as a multifaceted and indispensable element of contemporary commerce. Gone are the eras when simple cash transactions sufficed; in the current landscape, enterprises must adeptly navigate the intricacies encompassing payment processing, merchant account processing, and credit card transactions to maintain their competitive edge. In this article, we embark on an in-depth exploration of the domain of merchant processing, meticulously probing its diverse aspects—from the accommodation of high-risk payments to the facilitation of seamless e-commerce gateway solutions.  DOWNLOAD THE BEYOND TRANSACTIONS INFOGRAPHIC HERE  Understanding the Landscape of Merchant Processing Payment processing has evolved into an integral face...

Discussing CBD Payment Processing & Merchant Account & Regulations

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 Article by Jonathan Bomser | TouchSuite.com The CBD sector has witnessed an explosive surge in popularity recently. Yet, amidst this growth, certain obstacles have emerged, with one prominent challenge being the search for an appropriate merchant account equipped to handle CBD payments. Join us in this podcast as Henry Mashburn, the sales executive at TouchSuite, delves into the intricacies of processing CBD transactions. He demystifies the operational mechanics, investigates the reasons behind labeling it 'high-risk' due to its connection with Cannabis and Marijuana, dispels misconceptions about its psychoactive properties, and provides insights for businesses striving to secure a CBD merchant account . Demystifying the Mechanics of CBD Merchant Processing CBD merchant processing revolves around businesses' capacity to accept credit and debit card payments for CBD products. When a customer initiates a purchase with their card, the merchant's bank forwards the transac...

Fueling Business Growth: The Crucial Role of Merchant Accounts in Payment Processing

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 Article by Jonathan Bomser | TouchSuite.com In the contemporary realm of rapid business dynamics driven by digital innovation, effective payment processing assumes a pivotal stance in determining the triumph and advancement of enterprises. As businesses strive ardently to deliver seamless payment experiences for their clientele, the significance of merchant accounts in payment processing has surged remarkably. Ranging from the acceptance of credit cards to adeptly navigating the sphere of high-risk transactions, merchant processing solutions have risen as indispensable instruments tailored for businesses of all scales and sectors. DOWNLOAD THE FUELING BUSINESS GROWTH INFOGRAPHIC HERE The Transformation of Payment Processing: A Fundamental Change Days of being exclusively reliant on cash dealings are a thing of the past. The arrival of credit and debit cards has instigated a substantial transformation in the manner commerce transpires. As the e-commerce panorama continues to burge...