Category: Payment Processing

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What Are Fake Checks? What Happens If You Deposit A Fake Check?

Business proprietors know how fake checks can lead to loss of money and reputation. However many merchants still do not know what will happen if they deposit a fake check by mist...

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How To Send An Electronic Check: The Definitive Step-by-Step Guide

You may have noticed a shift towards digital payments nowadays. Whether it's hundreds or thousands of business transactions or just a small purchase for your lunch, modern consum...

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What Is Lockbox Banking?

Reconciling and handling customer payments stands as a crucial task for companies, regardless of their size. Nowadays, digital banking tools and online payments have streamlined ...

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What Is a Settlement Bank? Definition, Functions, and Process

The settlement bank, often referred to as an "acquiring bank" or the "acquirer", operates on the merchant's side to facilitate the process of accepting card payments from the cus...

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Using a PayPal Account in the Store

PayPal is a widely recognized payment platform trusted by millions globally for secure online transactions. It supports various services, from online shopping and peer-to-peer tr...

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HMS Vs East Commerce Solutions - A Comprehensive Review

Merchant services is an integral part of any business irrespective of the type and location. If you accept online payment, or credit/debit cards then you certainly use the servic...

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US Fed Proposes Reducing Interchange Fees on Debit Cards

The Federal Reserve is currently working on a plan to lower the fees that merchants have to pay to banks when customers use debit cards for purchases. Currently, merchants are ch...

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How Long Does It Take For An ACH Transfer To Complete?

ACH network in the US facilitated the movement of over $72 trillion in 2022. It showed an increase of more than 5% compared to the previous year. ACH transfers have gained promin...

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Integrating Stripe Account With Your QuickBooks Account: A Comprehensive Guide

The Stripe QuickBooks integration streamlines data exchange between the platforms, simplifying the accounting process. By integrating Stripe with QuickBooks users can effortlessl...

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