You may assume it would be impossible for you to obtain a merchant account if you have poor credit. You might have gotten a bad credit rating due to issues like your business not being able to pay off its loans. You could also have a poor rating because your business is constantly dealing with …
How to Get a Bad Credit Merchant Account [2023 Update] Read More »
Chargebacks are among the scariest concerns you might come across when running an online business. Chargebacks can keep you from earning the money you deserve. They can hurt your company’s credit rating. The added chargeback fees some merchant service providers might charge will make matters worse. The fact that you don’t have physical access to …
Address Verification Service (AVS) Prevents Chargebacks Read More »
You’ll need a merchant account and a payment gateway when accepting credit cards at your business. But some groups will provide both of them for your use. You will always require a merchant account, but there’s a question over whether you should get a payment gateway to go with your account. The gateway could also …
You’ll need a quality program that can help you review how your mobile credit card processing operations are running at your business site. You can use an Android or iOS-based platform on your processing materials to help you keep track of everything from sales totals to inventory reports. The platform can also produce a user …
Mobile Credit Card Processing Efforts Require Android or iOS Software Support Read More »
Federated identity management isn’t something people often think about when looking at how merchants can facilitate payment efforts. But the process is essential, as it is about getting subscribers in a network to access the same identification data surrounding a person. Identity federation entails getting a user’s identity data out over many security domains. Each …
How Federated Identity Solutions Help Merchants Create Convenient Payment Experiences Read More »
Visa and MasterCard were both planning on changing their interchange rates in 2021. But pandemic-related issues and concerns have prompted them to delay their increases. They will change their interchange rates in April 2022. These rate changes reflect various ways how Visa and MasterCard operate. Your business will experience a significant impact, as the higher …
The terms “omnichannel” and “multichannel” might sound similar, but there are distinct differences between these two points. This aspect is true for lending, as they entail lending funds to people in different ways. The end result always involves people getting the money they need for whatever purposes they hold. But the ways you lend those …
Omnichannel vs. Multichannel Lending: How To Expand Your Customer Base Read More »
Your business may already be a high-risk entity because you’ve been dealing with chargebacks. Chargebacks are inconvenient for how they cause you to lose money from both lost transactions and fees imposed by your merchant service provider. The worst part about chargebacks is that they can occur for various reasons. It could be from fraud, …
7 Ways Your High-Risk Business Can Prevent Chargebacks Read More »
Mobile payments have never been more popular. People are using mobile payments these days to complete quick transactions through their mobile devices. You’ll notice a few distinct differences when looking at mobile and credit card payments. Many of these entail the technologies used and how people may find mobile payments to be more useful for …
Tokenization is a unique practice that keeps the data you process safe. It replaces account numbers and other private bits of data with random numbers. The numbers combine to form a token that handles the data you collect. The personal data inside a token will stay in a separate token vault. The vault includes the …
Nonprofit organizations have never been more popular. The average person donates hundreds of dollars to nonprofits each year. But the way people send money to these groups has changed, as most people donate to them by credit or debit card now. The good news is that nonprofits can adapt to these changes in the industry …
What Are Recurring Donations and Why Are They Good For Nonprofits? [2023 Update] Read More »
One of the most common credit cards you can accept at a gas station is a fleet card. Gas station merchant services often accept fleet cards that people use to pay for fuel at gas stations. These include people who work for certain businesses that provide vehicles for those workers to use. Gas companies and …
More Gas Station Merchants Are Now Accepting Fleet Cards Read More »
Have you been looking for a payment gateway that can help you collect card payments for your business? You’ll need to look at what you’re getting out of a suitable provider. Here are ten questions you can ask to help you see who you should be hiring for your needs. What will it cost for …
10 Questions To Find the Right Payment Gateway For Your Business Read More »
Near Field Communication or NFC technology has become one of the most popular features of mobile devices today. NFC technology helps run various contactless payment systems like Google Pay and Apple Pay. You can use an NFC payment system to make contactless transactions at various stores that accept these instant payments. Your business can also …
Are NFC Transactions and Instant Payments Secure? Read More »
The United States Federal Reserve is planning a Notice of Proposed Rulemaking that requires merchants to choose how they will route online transactions. The focus is on debit CNP transactions people make while online. These deals often come with interchange fees that are higher than what some entities might prefer to manage. The proposed rule …
Federal Reserve Plans to Review Debit CNP Routing Read More »
Retailers are always looking for ways to make shopping more accessible and convenient for their customers. Part of this includes finding new ways to handle payments. Businesses want to be as open to their customers as possible. Helping them support whatever payment methods they wish to utilize is part of what makes everything work. The …
Emerging Trends In Retail, Payment Methods and Open Banking Read More »
Have you considered the ecommerce customer persona your business is contacting lately? The odds are you might not be aware of what that is or how you can create one. An ecommerce customer persona is a character of sorts that a brand creates to represent targeted customers. The brand uses customer data to figure out …
Phishing is a dangerous threat to every ecommerce business that no one should ignore. Phishing can entail people sending emails that claim to be from legitimate companies. It could also involve people getting links through text messages telling them to do something. There might even be emails or messages promoting unique things that you aren’t …
Ways To Detect Phishing Attacks On Your E-Commerce Business Read More »