Payments Archives · Gravity Payments

How to Read a Credit Card Statement

For many businesses, credit card processing represents their fourth biggest expense behind payroll, rent, and cost of goods sold. But understanding where those fees are coming from can be confusing. A good place to start is with your processing statement, but if you’re not sure how to read one, it can prompt more questions than … Continued

Understanding the Basics of Credit Card Interchange

Credit card interchange is one of the most difficult aspects of processing. But it’s also one of the most important if you want to understand the fees your business is being charged. While all of the specific factors that determine interchange are too complicated to explain in a single blog post, there are some basic … Continued

How to Be a Small Business Champion

“We exist to stand with the little gal or guy who believes in the American Dream and is willing to work to chase it.” For the past sixteen years, this has been the Gravity Payments mission statement. Back when CEO and founder Dan Price was still a teenager, he learned that one of the coffee … Continued

“Dear Gravity”: Advice for Merchants

Dear Gravity, I’ve been with my processor for five long years. But they’re not giving me the support and attention when I need it the most. I’ll call and I’ll call and I always get their voicemail or I get stuck in a phone tree. My messages often go ignored. They’re not really checking in … Continued

Welcome to Credit Card Processing: What you need to know

When someone hands you a card to swipe, a series of electronic communications whirs into action. If it seems a little confusing, you’re not alone. Gravity’s Phil Akhavan breaks down the processes behind accepting credit cards at your business.

Databases Taught Me Everything (Part 1)

Okay, so they didn’t teach me everything, but close enough. So much so I thought I would share my journey from fledgling developer to a data architect. What should I be? I’m getting older. No, I didn’t say old. I said “older.” As in maturing. Something that comes with getting older is younger people asking … Continued

CardRates.com: Purpose and People Above Profit for a Transparent Experience Focused on Community Business and Client Needs

In a Nutshell: Gravity Payments is not your average credit card payments processor. Since its Founder and CEO Dan Price started the company at the age of 19, Gravity has been about giving clients a seamless payment solution without the headaches and fees of other processors. Gravity works closely with clients and identifies needs to get them … Continued

Chargebacks: What Every Business Owner Needs to Know

By Cassidy Roell, Sales Assistant, ChargeItPro When I started working in merchant services, I had never heard the term “chargeback” before. I quickly learned that, if ignored, they can put even successful companies out of business. I was interested in learning more about chargebacks, not only so I could do my job supporting our sales … Continued

Beneficial Ownership Rule

What is the FinCEN Beneficial Ownership Rule? The Financial Crimes Enforcement Network (FinCen), a department of the United States Treasury, introduced the Beneficial Ownership Rule in May of 2016 with a mandatory implementation date of May 11th, 2018. The Beneficial Ownership Rule mandates financial institutions collect ownership information when legal entities open a new account. … Continued

EMV Transactions Will No Longer Require Signatures

In a move that could potentially save business owners some valuable time, the four major credit card issuers in the United States–Visa, Mastercard, American Express, and Discover–will no longer require merchants to collect customer signatures on EMV credit card transactions. The move, which goes into effect Sunday, April 15th, has been a long-time coming and … Continued

Category: Payments