Payway Blog

What to Expect When Applying for a Merchant Account

January 19, 2021 at 10:00 AM posted in merchant account, merchant services

Before you can accept payments, you’ll need to have a merchant account. Why? When customer transactions are processed, they are credited to you in your merchant account.

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Thinking About ACH Payments?

December 14, 2020 at 11:41 AM posted in Payway Insights, Educational, ACH

Fewer costs, higher profits and happier customers. Offering ACH payments - especially for recurring billing - offers a host of compelling benefits for businesses of all types.

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Payment Apps – Trick or Treat?

October 30, 2020 at 9:00 AM posted in Trending, Fraud

I’m relatively new to Cash App. My teenage daughter asked me to download the app as a means of sending her money when she was in a bind. I was relieved I could do so. Turns out, I use the app much more these days, not just in emergency cases.

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Subscription Show 2020: 3 Key Takeaways

October 21, 2020 at 2:57 PM posted in Events

I hope you enjoyed Subscription Show 2020 as much as we did. There was certainly a lot of great information shared over the course of six days between the keynotes, sessions and networking events. In case you couldn't make it or missed any, here are my 3 key takeaways that I know will be valuable to your business:

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Payment Gateway vs. Virtual Terminal

September 9, 2020 at 3:41 PM

Selecting the right payment processing solution can be confusing. One of the most common misconceptions is understanding what the difference is between a payment gateway and a virtual terminal.

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Understanding Digital Wallets

July 2, 2020 at 11:23 AM

What is a Digital Wallet?

A digital wallet (or e-wallet) is a software-based system that securely stores users' payment information and passwords for numerous payment methods and websites. By using a digital wallet, consumers can make safe transactions without using cash.

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Three Key Market Drivers in the Payments Industry

July 1, 2020 at 11:00 AM

During the past few years, payment gateways have stepped out from behind the scenes to play a leading role in how companies provide customers with improved methods for online and digital payments. This emergence is certainly driven by the increase in consumer adoption of online payments. ​

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How Tokenization Benefits Subscription-Based Businesses

June 8, 2020 at 3:00 PM

One of the simplest ways that subscription-based businesses can improve the shopping experience is by enabling a faster checkout. Tokenization makes this possible by storing customer payment details. Tokenization is a way of securing financial data. It replaces sensitive credit card information with a non-sensitive equivalent, called a token. Mobile payment providers such as Google Pay and Apple Pay are already using tokenization.

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Considering Contactless Payments? Here's What You Should Know.

May 11, 2020 at 2:00 PM

Anytime a small business considers adopting a new technology, they should consider the needs of their customer. Given the rise in mobile wallet usage, stores of all sizes will have to address the issue sooner than later - and decide if they will adopt it.

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What is P2PE (Point-to-Point Encryption)?

May 4, 2020 at 9:00 AM

Point-to-Point Encryption (P2PE) is a critical technology used to protect credit card data from being breached. While P2PE has been around for many years, only PCI Validated P2PE technologies have been tested to rigorous standards and should be trusted to reduce risk and PCI DSS scope as a merchant.

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