Payment Gateway | 5 Benefits of using a Payment Gateway

What is a payment gateway? A payment gateway is the technology responsible for authenticating and securely transmitting payment data between parties involved in the payment process. Essentially, a payment gateway is the “virtual” equivalent of a physical credit and debit card reader. It transfers the data between the point of entry (terminal, website, or mobile […]
Credit Card Reader | Best Credit Card Readers

Today, consumers have the convenience to pay for goods and services using a variety of payment methods. Consumers can pay by credit card, debit card, or even near-field communication with a credit card reader. The days of accepting traditional swipes using a magnetic stripe are fading fast. Soon enough, those traditional payments will be replaced […]
Payment Methods | 6 Common Types of Payments

What is a payment? A payment is the transfer of money in exchange for goods and services that have been previously agreed upon by all parties involved. There are many different types of payment methods. A payment can be accepted in the form of cash, check, ACH payments, credit card payments, debit card, check, or […]
Mobile Payments | Payment Made from Mobile Devices

Mobile payments are a type of payment made on a mobile device such as a mobile phone or tablet to pay for goods and services via a mobile wallet, mobile browser, or credit card reader. With mobile transactions, you can say goodbye to being limited to cash transactions or traditional credit card payments at your […]
Discounted Level 2 & 3 Credit Card Processing

Does my business qualify for Level 2 data in credit card processing? Do you process business to business (B2B) transactions? Are you a business-to-government (B2G) company? If so, you may qualify for discounted Level 2 data or level 3 data credit card processing! Businesses that accept payments via business, corporate, purchasing, or government cards are […]
Credit Card Processing | How to Calculate Credit Card Processing Fees

Understanding Credit Card Processing Fees Confused about your merchant statement? Don’t know how much money you’re paying for your credit card processing rates? GMS can help! Over the course of 30 years, we have seen the good, the bad, and the ugly side of payment processing. More often the bad! But no need to worry! […]
PCI Compliance for Small Businesses

What’s PCI Compliance? What’s PCI compliance? The Payment Card Industry (PCI) Compliance includes 12 security standards created by the PCI Security Standards Council to help small businesses with protecting customer credit card data. These 12 PCI security standards are enforced by the major card networks including Visa, Mastercard, Discover, and American Express. Below are the […]
Merchant Services: How to Avoid Unnecessary Processing Costs

Setting up merchant services is an important step for any business owner looking to collect one-time or recurring credit card payments at your business. With the right merchant service account set up, you will be able to easily accept credit card payments at your retail store, on-the-go, or through your software. However, if you’re not […]