PayDiverse Blog

Merchant Account Guides, Info, and News

What is a Virtual Terminal?

If you've ever had anything to do with a retail or service business, there's a good chance you've heard the term 'virtual terminal' thrown around a time or two. But what does it mean? How do virtual terminals work and is this modern payment processing solution...

read more

Mastercard Requirements for High Risk Recurring Billing

AN 4934 Revised Standards for Merchants Utilizing a Subscription/Recurring Payments Model or Negative Option Billing Model Type:Bulletin Announcement Category:OperationsRules/Standards Audience:AcquirerProcessor Region:Global Brand:Mastercard® Action Indicator:Brand...

read more

Merchant Account Fees Explained

The lingo used in the payment processing world can be a mystery to those who aren't familiar with it. There's an array of terms, as well as fees, that you might find on your statement and it's important that as a merchant, you understand what each one means. Below,...

read more

What Merchants Need From Their Payments Company

There's much to be done when it comes to business management and ownership. Between managing inventory, balancing books and overseeing payments, the financial side of business management can be overwhelming for many, let alone customer service. Luckily, there are...

read more

Are Voice Payments the Future of Purchasing?

Payment technology is evolving rapidly. It seems like just yesterday when we stopped swiping credit cards and debit cards to incorporate tap and chip technology. And now, continued advances in machine learning and artificial intelligence have led to another new way to...

read more

Are Credit Card Surcharges Legal?

As a merchant, it can be tempting to implement a credit card surcharge for customers who pay with a Visa, Mastercard or American Express. These charges help you recoup the fees you pay for processing such transactions and ultimately, doesn't that protect your bottom...

read more

Credit Card Scams: What To Watch For in 2022

Credit card scams have been around almost as long as credit cards themselves. Each year, as technology advances, the methods that criminals use to scam consumers and businesses become more sophisticated. According to the results of a 2020 study published by Javelin,...

read more

Declined Transactions by Issuer

Declined Transactions by Issuer When credit card issuers decline transactions, the loss to merchants is substantial. In most cases, when a transaction is declined by issuer, the customer abandons the transaction. While in many cases, the issuer decline is due to...

read more

How & Why Merchants Surcharge a Credit Card Transaction?

Colorado recently passed a law to change the state's rules regarding surcharging. Previously, surcharges were banned in Colorado, just as in most other states. However, when the imposed changes to Colorado Revised Statute 5-2-212 come into effect in July 2022,...

read more

Cannabis & Marijuana Merchant Accounts

With some states legalizing the recreational use of marijuana and cannabis in recent years, as well as talks of federal legalization in the near future, the cannabis industry is projected to grow immensely in the coming years. As the industry experiences rapid growth...

read more

Diverse Payment Processing is Smart Processing

Fill out our free and quick merchant account application and let us match you with many banks that want your business.