What are reserves in payment processing?


A reserve on a merchant account in credit card processing is a temporary hold on a portion before they are deposited in your bank account. For example, if you had a 2 week reserve of $2000, there would be a hold of a rolling total amount of $2000. The funds in the reserve are in […]
When do credit card funds get deposited?


Our goal is to increase your cash flow and your profitability. We increase your profitability by providing you the best rates. We increase your cash flow by depositing your funds incredibly fast. Here we will describe the timing of your credit card processing funds being deposited into your bank account. When you run a credit card […]
Why credit card processors need financial statements from businesses to get a merchant account


A merchant account is similar to a bank loan. It provides credit to a business. It is credit because after a customer swipes their credit card, you as a business will be funded in less than a day. However, the customer may not pay the credit card bill for weeks or even longer. That time […]
How to choose the best payment processor


Quite often, you need a payment processor. If you are accepting credit card or debit cards you will need a payment processor. If you also want to accept EFT/ACH (bank transfers) or cryptocurrencies, it is helpful to have a payment processor. It all depends on your business plan. More specifically, it depends on how your […]
When credit card processing goes bad


It is unfortunate but sometimes there are issues in payments and credit card processing. They range from small annoyances to mission critical problems. Here’s some of the top payment problems and ideas to help you through them. You’re getting chargebacks A chargeback is when a customer that paid with credit card sees the charge on their statement […]
History of Credit Cards


There is a long history of retailers or financial institutions providing credit for customers. In the 1800s and early 1900s, imagine going into your local general store and telling John to put it on your tab. Some stores turned this into a paper card to track your purchases. Now fast forward to 1950 and the […]
Credit card and payment processing industry overview


The payment processing industry is a sector of the financial industry that handles electronic payment transactions. It includes companies that provide payment processing services, such as credit card processing, debit card processing, electronic fund transfers, and online payment processing. These services allow businesses to securely transfer money electronically and make purchases online or in-store using […]
Declining use of cash. Cash vs Credit Cards.


It’s been a decade long trend. People are using cash less in favour of credit card and debit card payments. It’s a trend that will likely continue so merchants should be prepared. First, this is a slow trend. It’s not going to occur over night, but it is happening. To put some numbers to it, […]
What is a chargeback in payment processing?


Chargebacks can have negative implications for merchants. They result in financial losses as the revenue from the sale is lost along with associated fees. Dealing with chargebacks also requires time and resources, creating an administrative burden for the merchant. Here is an article on chargeback statistics for further reading. Excessive chargebacks can damage a merchant’s […]
Future delivery and payment processing


Future delivery is an important situation for some merchants in payment processing. It’s good to know how to deal with it and your payment processing account. In the payment processing industry, future delivery is considered higher risk. Therefore, the underwriting process to get a merchant account is a little more in depth. To start, future delivery […]