Accepting credit cards

November 15, 2022

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Q. I work for an insurance company, and we have not typically accepted credit card payments from clients. If we were to start researching more about accepting credit card payments and things to consider, where would you suggest I start researching? I’m assuming there is a lot to learn about credit card fees, storing credit card information (and the use of a vendor to do so), etc. Any sources of best practices or things you have learned would be very much appreciated. A. (Answered by the IOFM…

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Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
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