Some of the nation’s most sophisticated merchants and service providers have chosen Braintree as their payments partner. Our customer’s continually tell us we are the most value added partner they have worked with. As a leader in the online payment processing space we’d like to pass on some of this knowledge to you. This page provides a brief nine-point course that will help you become an online payment processing guru. We believe our best customers are educated buyers that understand payment processing and PCI Compliance Requirements.
While every merchant’s needs vary, they all have one need in common: to find a highly responsive, flexible and technically innovative payments provider. Our customers can speak to our capabilities and exceptional service.
There is a lot of confusion surrounding credit card processing and merchant accounts. Some of the most common areas of confusion are the different types of organizations that sell the services, what entities actually process the transactions and the fees and pricing structures that continue to form an unsolvable mystery for most merchants. Read more…
Without compliance, if a merchant is breached and has credit card information stolen, depending on the size of the breach, PCI related fines can be as high as $500,000 per incident. In severe cases, merchants can even be given the ‘Death Penalty,’ preventing them from accepting credit cards. Read more…
Costco advertises unbeatable credit card processing rates of 1.64% and 1.99% in their November magazine. The problem? It’s like a national long distance provider advertising a flat $.05 per minute that actually only includes your zip code. Read more…
PCI Compliance is an industry mandated security requirement for any business that ‘handles, processes, stores, or transmits credit card data’. There are 12 core requirements that break out into nearly 225 individual controls, and meeting all of those controls is an expensive and time consuming proposition. Read more by downloading our Whitepaper
Despite the size of the industry, its a mystery to most who is pocketing all this money and how prices are determined and reported. I had a CPA tell me the other day, “I’m a smart guy. I understand numbers, pricing and reconciliation, but for whatever reason I just cannot get my head around credit card processing fees and the unbelievably complicated way companies report them.” He’s not alone. Read more…
Most merchants don’t understand exactly how the chargeback process works. In a three part post, I’ll include the details of how a chargeback is handled by the issuing bank, Acquirer, and Association (Visa & MasterCard) from start to finish. Read more…
Chargebacks part 2
Chargebacks part 3
Starting October 1, 2009, Visa will start assessing a ‘misuse’ fee for authorizations that are not either settled or reversed within certain timeframes. Visa refers to these as ‘ghost authorizations’. Read more…
If a business gets breached, the financial, business and PR risks are tremendous. A Forrester report determined that the cost per breached record will be anywhere from $90 to $305. Read more…
Is there an easier way to store credit card data and become PCI Compliant?
Watch Braintree’s 4 minute Video
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