ACH payment processing is a system that allows businesses and individuals to send and receive payments electronically. Payments are made through the ACH network, which is a network of financial institutions that enables electronic transactions. To make a payment using ACH, the payer will first need to have an account...
What is a 3D Payment Gateway? Everything you Need to Know!
3D Payment Gateway is a technology that allows online shoppers to make payments using their credit or debit card, without having to enter their card details each time they make a purchase. This service is provided by banks and other financial institutions, and is available to anyone who has a...
What is EBT Payment Processing and How does it work?
EBT (electronic benefits transfer) is a system that allows the government to distribute benefits, such as food stamps and welfare payments, through a digital network. This allows beneficiaries to access their funds electronically, rather than having to receive paper checks. The EBT payment processing system is responsible for transferring these...
What is a merchant cash advance?
A merchant cash advance (MCA) is a type of business loan that provides companies with quick and easy access to capital. MCAs are an alternative to traditional bank loans, and they work by giving businesses a lump sum of money in exchange for a percentage of their future credit card...
What is Small Business Merchant Services and How Does it Work?
Small business merchant services is a term used to describe the various types of services that are available to small businesses to help them process credit and debit card payments. There are a number of different providers of these services, and each one has its own set of products and...
What is Cryptocurrency and how does it work?
Cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically...
What is Polkadot (DOT) Cryptocurrency and how does it work?
Polkadot is a scaling solution for blockchains. It offers the ability to send transactions off-chain in an array of conditions, with transaction speed varying depending on what consensus mechanism the blockchain it has been sent from employs. How does Polkadot work? The most important part of Polkadot is Relayers. These...
How to Set Up a Merchant Account?
Setting up a merchant account is easy, but it can be very complicated for an individual who does not know the right information and/or depends on faulty advice. While many people may claim that they can help you set up a 'quick and easy' merchant account, in reality this is...
What is EBT Payment Processing?
EBT payment processing is a method of clearing and settling transactions (obtaining verification of transaction). EBT stands for Electronic Benefits Transfer. It is the system that was set-up by the government to help welfare recipients with food, cash, and rental assistance. These payments are made through state and local governments...
What is a Good Credit Score?
A good credit score is one that lenders and creditors approve of: a FICO Score between 670 and 739. There are other types of credit scores, such as auto insurance scores and rental history scores, but the most well known is FICO. Although banks and other creditors sometimes use credit...