This section will provide you with basic information on Credit Card Processing.

This section provides detailed information about merchant accounts and merchant services on topics such as debit and online debit card processing.

This section will provide you with the tools needed to guide you towards making the most informed decision for your credit card processing technology needs. We provide information on various topics including choosing the best credit card machines or credit card software for your business and new trends in merchant accounts and technology, such as contactless payment solutions.

A cardholder may dispute a card transaction for a number of reasons such as billing error, non-receipt of goods or services etc.These disputes may end in a Retrieval or Chargeback.Chargebacks and Retrieval requests are inevitable part of any business and can be both frustrating and confusing. Our tool provides a complete list of chargeback and retrieval request codes which directs you on what should be done to resolve the issue.

The Housing and Economic Recovery Act of 2008 is a federal regulation that requires "merchant acquiring entities" to report the gross transaction amount of their merchant customers to the IRS. The new requirements from Internal Revenue Service (IRS) will apply to any payment transaction beginning on January 1, 2011, with required reporting and tax withholding to begin in 2012.

The new law requires banks and other payment settlement entities to collect and verify the tax identification number (TIN) along with the merchant’s legal name and address associated with the TIN number.If there is any discrepancies between the merchant’s TIN or associated information in the reporting entity’s records and the IRS’ records, the IRS requires the reporting entity to withhold a minimum of 28 percent of the merchant‘s future payments from card transactions. This withholding provision goes into effect for payments starting in 2012. All merchant acquiring entities must collect via the W-9 Form and verify the Tax Identification Number by performing TIN Matching and associate the legal business name and address for each of their merchants on file.

Beginning in January 2012, every payment processor will file a 1099-K form with the IRS reporting the gross amount of each merchant’s card transactions for the 2011 year, as well as provide a corresponding statement to merchants.