Velocity Merchant Services Logo

Sign in

Support

Get Started

What Exactly is Credit Card Processing and How Does it Work?

Credit cards are so ubiquitous in modern society that we hardly think about them at all. We just swipe and take our purchases and leave. It may not cross our minds that there’s a system hard at work behind the scenes making sure everything runs smoothly. That system is credit card processing, and, while it … Read more

Contact Us

Fill out the form below and a member of our in-house team will reach out to you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

By providing your information above, you consent to our Contact Policy

Credit Card Scams Business Owners Should Know

Key Takeaways Business-targeted credit card fraud has surged since 2023, with payment and invoice scams alone causing $2.7 billion in reported losses—and actual losses are likely much higher. Small and mid-sized businesses are prime targets because they often lack dedicated fraud teams and formal approval workflows. The biggest risks come from external fraudsters (fake processors, … Read more

Contact Us

Fill out the form below and a member of our in-house team will reach out to you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

By providing your information above, you consent to our Contact Policy

What is Credit Card Tokenization?

Key Takeaways Credit card tokenization replaces the PAN and other card data with a random token that is useless if stolen, protecting your business from data breaches. Tokenization dramatically reduces PCI DSS scope, breach impact, and fraud exposure across online, mobile, and in-store payments. Both single-use and multi-use tokens power card-on-file, subscriptions, and one-click checkout … Read more

Contact Us

Fill out the form below and a member of our in-house team will reach out to you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

By providing your information above, you consent to our Contact Policy

Are You Safe from Credit Card Fraud? Four Steps to Security

Considering the slump the economy has been in the past several years, it’s no wonder thieves are getting more creative in their attempts to steal electronic payment information. Phishing scams are a common method used by fraudsters to trick users into revealing credentials through deceptive emails, texts, or phone calls. It may have been quite … Read more

Contact Us

Fill out the form below and a member of our in-house team will reach out to you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

By providing your information above, you consent to our Contact Policy

Should You Switch to a Cashless Business?

Even if you’re too young to remember, we can assure you — debit and credit cards haven’t always been the preferred way to pay for things. Cash used to be king at the register — even though it’s been largely displaced from its throne in favor of credit and debit cards and mobile wallets, giving … Read more

Contact Us

Fill out the form below and a member of our in-house team will reach out to you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

By providing your information above, you consent to our Contact Policy

What Are Interchange Fees?

Every time a customer pays with a credit or debit card at your business, a portion of that sale never reaches your bank account. These are interchange fees—the wholesale costs embedded in every card transaction—and they represent the single largest component of what merchants pay to accept card payments. Understanding how interchange fees work isn’t … Read more

Contact Us

Fill out the form below and a member of our in-house team will reach out to you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

By providing your information above, you consent to our Contact Policy

Get Ahead in Credit Card Processing: Know the Terms

If the world of credit card processing confuses you, you are far from alone.  In addition to the various entities with a stake in the process, there are many different terms thrown around which can sometimes seem overwhelming to anyone who simply wants to accept credit and debit card payments. What can make the process more … Read more

Contact Us

Fill out the form below and a member of our in-house team will reach out to you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

By providing your information above, you consent to our Contact Policy

5 Tips to Avoid Merchant Account Holds and Freezes

Nothing will result in a more complete standstill for your business than an issue with your business’s payment processing abilities. Regardless of whether it is a freeze on your processing ability, withheld funds or the termination of your processing account, these situations can often result in devastating effects for your business. A merchant account hold … Read more

Contact Us

Fill out the form below and a member of our in-house team will reach out to you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

By providing your information above, you consent to our Contact Policy

Can You Waive A Credit Card Processing Cancellation Fee?

While there are credit card processing cancellation fees, there are ways to avoid them. Fees may be assessed at account opening or when the annual fee posts, depending on the contract terms. If you’re a merchant and you need to cancel a contract early, the early termination fee (or ETF) is a way for the … Read more

Contact Us

Fill out the form below and a member of our in-house team will reach out to you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

By providing your information above, you consent to our Contact Policy

Offline Credit Card Processing

Most Americans own a credit card. That means a majority of the customers, clients, vendors and contractors vital to your business hold the power to pay with plastic. What’s more, credit and debit cards are by far the preferred payment method for over half of Americans today, relegating cash as the go-to practice for only … Read more

Contact Us

Fill out the form below and a member of our in-house team will reach out to you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

By providing your information above, you consent to our Contact Policy