Author: Vellis Team

Payment processing fees can be explained plainly as charges businesses pay to banks or service providers for handling credit card and electronic transactions.

A credit card processing loan is a type of financing that allows businesses to borrow funds based on their expected future credit card sales. This financing option provides quick access to working capital, enabling companies to manage operational expenses or short-term needs.

Apple Pay is Apple’s digital wallet and mobile payment system, created to enable secure and convenient transactions across multiple channels. It allows users to make payments in person, online, and within mobile applications without relying on physical cards.

Google Pay is a digital wallet and payment platform developed by Google. It allows users to securely store debit and credit cards in one place, making payments faster and more convenient. With Google Pay, individuals can send money to others, complete online purchases, and pay in stores using contactless technology.

The way we pay for things is evolving faster than ever. Not long ago, cash and cards were the primary methods of payment. Today, contactless transactions and mobile wallets dominate, and the next frontier is already here: IoT payments.

Imagine walking into a store, picking up what you need, and simply walking out without ever pulling out your wallet or phone. The transaction happens in the background — no swiping, no tapping, no scanning. 

The Payment Card Industry Data Security Standard (PCI DSS) exists to keep payment card data safe from breaches, fraud, and misuse. For merchants accepting card payments, staying compliant is essential for protecting customers, avoiding fines, and maintaining trust.

Running a business today almost always requires accepting credit card payments. But when your business is flagged as high risk and suddenly loses access to payment processing, you might get on the TMF MATCH list.

Swiping or tapping your card feels like second nature when paying. But when malfunctions happen, you’ll need manual entry credit card processing. While not always the first choice, it remains a valuable backup option that allows businesses to keep transactions flowing even when technology or logistics get in the way.

Credit card processing takes into account how much transaction data a business provides to the card networks. This data is categorized into Level 1, Level 2, and Level 3 credit card processing, each with its own requirements and impact on fees.