If it has been a while since you’ve used cash, you’re not alone. Carrying cash in the US has decreased as more people adopt a cashless lifestyle. In 2022, 41% of Americans didn’t make any cash purchases in any given week. In 2018, this number was 29%, and by 2025, 51.6% of people will lead a […]
Category: Merchant Account Information
Electronic Checks
Information on Electronic checks – Accept online eChecks Electronic Checks Come Of Age The term Electronic checks or eCheck has a different meaning to different people, depending upon their frame of reference. For purposes of clarification, this article refers specifically to payments where the payer has instructed a business to collect payment from a checking […]
Risk Management
Fraud and Risk Management (FRISK) The proprietary FRISK risk management system from the Fast Charge Payment Gateway provides a sophisticated suite of fraud detection and prevention options. Each transaction submitted can be filtered through a comprehensive series of fraud detection rules to determine potential risk. Configuration of these rules is under your complete control using our user-friendly […]
Avoid: Hidden Merchant Account Rates
Information on hidden merchant account rates A merchant account is set up a merchant account provider for an internet business to accept credit cards as payment from customers. The account provider works to allow credit card purchases and makes sure to deposit the funds into your business bank account. Merchant accounts were not offered […]