Is ACH Crucial To Future Payments Innovation?
I define omnipayments as the ability for merchants to accept payments in a variety of ways under one merchant account. Today, many merchants want to accept payments ubiquitously in multiple ways, leveraging tools whether they be tablets, mobile phones, …
Read more on PYMNTS.com

Question by M Shadows: What is the difference between Merchant Account and Payment Gateway?
Online Shopping

Best answer:

Answer by imisidro
Merchant account is a bank authorized account which allows you to accept major credit cards, electronic checks, etc. Note though that rates banks will charge you are higher if you are operating an online store because the “card is not present”

Payment Gateway is a software which actually processes customer order information, address, credit card number, etc. The data is sent to a credit card authorization network which verifies that the credit card is valid and verifies that the shipping address matches the billing address. Example of payment gateway is Authorize.net http://www.authorize.net

If you have only a few items, you can operate without a payment gateway and only with a merchant account — as long as you can manually assess the order and identify signs of fraud. All you need is a merchant account and a terminal where you can manually key in the credit card information

With a payment gateway, the order and credit card information is directly sent to your merchant account. So if the customer pressed the BUY NOW button twice, their card can be charged twice, as against when you manually key in the number, you can ignore the duplicate order

Add your own answer in the comments!

Best Credit Card Offers for Retirees: Which Should You Choose?
There's also a killer signup bonus: Earn 40,000 bonus miles when you spend $ 3,000 or more on purchases in the first 90 days from account opening. … Please note that NerdWallet has financial relationships with some of the merchants mentioned here.
Read more on NerdWallet (blog)

Are 'Pull' Credit Card Transactions Making You Overly Vulnerable?
… trust all the parties involved? When you swipe your credit card at a retailer, potentially hundreds, if not thousands, of people could be involved in that transaction. How is that possible? Isn't money moving directly from your account to the …
Read more on CryptoCoinsNews

Merchants' Choice Payment Solutions Partners With CardFlight for Customized …
CardFlight is a leading provider of mobile POS technology and tools that makes it easy for anyone to accept swiped card-present payments in any mobile app with virtually any merchant account. They offer both turnkey mobile applications and robust …
Read more on PR Newswire (press release)

Coin, Wocket, Plastc: The all-in-one cards trying to sprint ahead of Apple Pay
In most cases, credit card information is just being transferred to the merchant's terminal like it would be through a traditional magnetic stripe card. The difference is that Coin, Wocket, and Plastc have all integrated security features that are …
Read more on Ars Technica

MiFID II, MiFIR, Block Trade Washes, AlphaMetrix, Charges for Cash, Bitcoin …
No intermediated clearing through a futures commission merchant will be permitted. Before any order of a participant is effectuated, the participant must have all necessary funds in an approved depository account or collateral in the form of the …
Read more on The National Law Review

Google PLAs Get Automatic Item Updates
Google announced the launch of automatic item updates for Product Listing Ads. This enables changes made on your website to be reflected automatically in your ads. With the holiday season approaching, and businesses preparing to offer numerous deals …
Read more on WebProNews

American Express OptBlue: Negotiating Processing Rates
In “American Express OptBlue Program May Reduce Processing Cost,” my article in July, I explained how the new OptBlue program could reduce processing rates for ecommerce merchants, as it allows merchant account providers to set the rates and fees …
Read more on Practical Ecommerce

The new Bitcoin ATM: No cash in, no cash out
Instead, the account opening process involves purchasing an NFC-enabled Bitcoin debit card for 5 Australian dollars ($ 4.36). While purchasing a Bitcoin card, Diamond Circle ATM users can also purchase bitcoins to put in it using a credit … The …
Read more on ATM Marketplace (press release) (blog)

Pros and cons of the top mobile payment systems
With Apple Pay, the phone unlocks automatically when you hold it near the NFC (near-field communication) reader on the merchant's payment system. You're then … Pros: You can make payments through your bank account, not just cards. You can also send …
Read more on Philly.com

KARE 11 Investigates: How thieves can easily steal your ID and credit
If Rob Olson hadn't gotten suspicious, the crook could have set up a business account that would let him ring up hundreds of phony credit card charges on his merchant account and pocket the stolen money. "And they'll do this until the wheels fall off …
Read more on KARE

Rough Week in Retail as JCPenney, Macy's Close Stores – as do Gators, Seals …
Together, the 14 stores being closed account for approximately $ 130 million in annual sales, some of which is expected to be retained in nearby stores and with online/mobile sales. In addition, Macy's and Bloomingdale's will be adjusting certain …
Read more on CoStar Group

Cubits Launch Aims to Accelerate Bitcoin Buying in Europe
The first products based on the new platform are a consumer-focused wallet and a merchant payment system called Cubits Pay, which have been in beta since October last year. The company … If the account is already funded, the exchange is instantaneous.
Read more on CoinDesk

Just Got Engaged? Credit Card Offers You Should Consider
Please help us keep our site clean and safe by following our posting guidelines, and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet's official account are not reviewed or …
Read more on NerdWallet (blog)

Question by Rahul: what is merchant account?
hi guys….
I m working in call centr frm last 4 years and now i m looking forwd to start my own call centr.
i m having enough money to invest….. bt i need info abt merchant account cz its necessary for me, and i dont know anything abt this acc.
I dont know its importance, its requirements and how can i open it and all.
So plz help me out plz….

Best answer:

Answer by Rock
I think its just a simple business license, so that your business income can be taxed.

What do you think? Answer below!

Lans Holdings Update
2. by striving to become well known in the card processing space to merchant account providers, which will be receptive to alliances and partnerships in the future; and. 3. by attracting talent that has deep roots in the payment processing space. In …
Read more on Baystreet.ca

Sensex rallies over 400 points; Nifty hits 8850 as ECB unveils QE
NEW DELHI: The S&P BSE Sensex rallied as much as 402 points in trade on Friday to hit its fresh lifetime high of 29408.73, as sentiment in global markets turned bullish after the European Central Bank announced it will buy bonds worth 60 billion euros …
Read more on Economic Times

Alaric Introduces New Version of Fractals to Modernize Payment Fraud Detection
“The latest version of Fractals arms fraud teams with the best possible technology to protect their account holders and, ultimately, their bottom line.” The latest release incorporates new features designed for merchant acquirers, developed in …
Read more on MarketWatch

DataPath Provider Payments Simplifies Reimbursements for Workers …
How it Works: DataPath manages the entire payment process, including provider registration. Once registered, providers are reimbursed for services by entering a secure account number on their merchant terminal. Through a customized portal, payers can …
Read more on PR Newswire (press release)

Android Apps for Mobile Payments Will Make Processing Simpler for Your …
Like Square and PayPal though, you will need to buy the card reader and open a merchant account with them. Its strengths are support for many payment gateways and reasonable transaction fees. You can either pay them per transaction or a monthly fee …
Read more on Tech Cocktail