ACH payments | What is ACH?
Do you collect recurring payments from customers or clients? Does your business accept large ticket purchases for products or services? If so, your business should be accepting ACH payments! In an ever-changing world of financial transactions, ACH transactions play pivotal roles in streamlining payments, enhancing security, and advancing business operations. Whether you are seeking to […]
12 PCI Security Basics to Protect your Business
12 PCI Security Protections for Small Businesses What PCI security protections should I implement at my business? Is my business at risk? Data breaches can happen at any time, and small businesses are a prime target. About half of all cyber breaches impact businesses with fewer than 1,000 employees. So don’t think it couldn’t happen […]
Discounted Level 2 & 3 Credit Card Processing
Does my business qualify for Level 2 data in credit card processing? Do you process business to business (B2B) transactions? Are you a business-to-government (B2G) company? If so, you may qualify for discounted Level 2 data or level 3 data credit card processing! Businesses that accept payments via business, corporate, purchasing, or government cards are […]
Credit Card Processing | How to Calculate Credit Card Processing Fees
Understanding Credit Card Processing Fees Confused about your merchant statement? Don’t know how much money you’re paying for your credit card processing rates? GMS can help! Over the course of 30 years, we have seen the good, the bad, and the ugly side of payment processing. More often the bad! But no need to worry! […]
PCI Compliance for Small Businesses
What’s PCI Compliance? What’s PCI compliance? The Payment Card Industry (PCI) Compliance includes 12 security standards created by the PCI Security Standards Council to help small businesses with protecting customer credit card data. These 12 PCI security standards are enforced by the major card networks including Visa, Mastercard, Discover, and American Express. Below are the […]
Merchant Services: How to Avoid Unnecessary Processing Costs
Setting up merchant services is an important step for any business owner looking to collect one-time or recurring credit card payments at your business. With the right merchant service account set up, you will be able to easily accept credit card payments at your retail store, on-the-go, or through your software. However, if you’re not […]
Overview for Merchants to Avoid Payment Processing Chargebacks
A chargeback is essentially a disputed transaction initiated by the consumer after a product or service has been purchased. The credit card chargeback happens when the customer contacts the card issuer to dispute the charge. Either way, the chargeback process is supposed to protect consumers from unauthorized transactions, however, this system is sometimes abused in […]