What are Basis Points?

Introduction In the world of finance, banking, and credit card processing, the term “basis points” frequently appears, especially when discussing interest rates, fees, and financial metrics. While it might sound technical or complex at first, understanding...

How MCC Codes Impact Merchant Fees

Introduction When a merchant signs up for a credit card processing service, the payment processor assigns an MCC to the business based on its primary activities. For instance, a restaurant might be assigned the MCC code for full-service dining, while an online...

Advantages of Online Gateways

Introduction In today’s rapidly evolving technological landscape, businesses and individuals alike face the choice between utilizing online gateways and relying on traditional physical machines. The emergence of online services has provided a robust alternative...