Over the last 12 months, almost every retailer felt the need to shift from the in-store traditional payment methods to the new-age digital methods. Businesses have also understood that this shift has a vast scope – it is not just a momentary reaction to the prevailing coronavirus pandemic, but a long-term trend. IBM’s U.S Retail […]
Trends in Mobile Credit Card Processing for Fall 2021 and 2022 Read More »
More and more merchants have to contend with a growing consumer habit of cashless transactions. Given the rise of this trend, many merchants that may have shunned a merchant account for some time are finally accepting it as a new normal and payment processing fees as the cost of doing business. However, since those fees
Are Cash Discounts Right for Your Business? Read More »
If you are starting or moving your business to a subscription-based model, you need to choose an appropriate recurring payment plan to accept payments from your customers at regular intervals. Recurring payments, also known as automatic electronic payment, is a payment model where a certain amount from the customers’ bank or selected payment method is
How to Securely Set up and Accept Recurring Payments? Read More »
The past year has been full of surprises for merchants, processors, and everyone involved in the payment processing ecosystem. There have been many unexpected highs and lows, but overall the trajectory of the industry has been positive despite some immense challenges. We saw the evolution of payment channels to handle consumer demands and COVID-19 threats.
Top Merchant Services Trends to Watch in Fall 2021 and 2022 Read More »
Did you start an online business in the past year? Good for you! With the rise of the pandemic, millions of people worldwide have become self-employed entrepreneurs by starting their businesses online. Many people have been able to sell things that would’ve been too niche to make returns before, like specialized jewelry, art prints, and
5 Essential Features You Need In A Global Payment Processor Read More »
Have you ever bought something nice and haven’t heard from the store again? That is not supposed to happen; usually, stores try to follow their customer purchases with some message. This allows them to maintain specific contact and, in the future. So, when the customer is looking to buy again, they will consider buying from
Don’t Forget the Post-Purchase Experience for eCommerce Merchants 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 »
People have been using Venmo and PayPal to handle many financial transactions as of late. People are also using QR codes more often, as they are easy to scan and are more secure than other communication methods. The financial payment service provider Fiserv is working with both Venmo and PayPal to manage mobile transactions. Fiserv
Fiserv Delivers POS QR Codes With PayPal and Venmo Read More »
Starting out, many new business owners may feel baffled by a huge list of technologies and terms, especially in the payment industry, such as POS systems, credit card terminals, credit card processing, and so more. Many startups may feel confused when selecting the right device or technology for handling their day-to-day transactions and sales. Today
Differences Between a Credit Card Machine and POS System Read More »
Are you planning to use your iPhone as a POS system for accepting payments from your consumers? Congratulations, you have made a good decision! Accepting payments from an iPhone has the potential to grow your business. One can pay for their purchases using an iPhone compatible credit card reader literally from anywhere! The best part
Using a Credit Card Reader with Apple iPhone Read More »
On 26th January 2021, MasterCard made the announcement that it is going to apply for the revolutionary range of quantum-resistant technologies for the development of next-gen contactless payments. The Ecos or Enhanced Contactless specifications will be the first-ever such technology in the industry. It helps in ensuring that as the dynamic digital landscape continues to
MasterCard Introduces Next-Generation Contactless Payments Read More »
Today, consumers either don’t use cash or they try to avoid it as much as possible. Many even avoid using their credit card, and thanks to NFC, or ‘Near Field Communication,’ it’s possible. What is NFC? NFC allows two devices near one another to ‘talk’ to exchange payment information. Apple Pay and Google Pay are
What Are NFC, Apple Pay, and Google Pay? Read More »
An unfortunate part of running a business is the risk of chargebacks. While they are a natural part of accepting credit card payments, if they get too excessive, it can make you a ‘risky’ merchant, causing you to lose your merchant account. Here’s what you must know. What is a Chargeback? A chargeback is a
What to Know About Chargebacks, How to Avoid Them, and How to Win Them Read More »
What’s the first word that comes to mind when you think of credit cards? If it’s fraud, you’re onto something. Hacking and identity theft are at all-time highs, especially during the pandemic. As a merchant, it’s your job to minimize the risk for your consumers in order to stay in business. One of the best
The Top Reasons You Should Switch to EMV [2023 Update] Read More »
As the pandemic continues and more people turn to online shopping versus running into local convenience stores, the industry has seen a decline of almost 2 percent since 2019. Consumer spending habits changed drastically as everyone tries to stay safe. Fortunately, smart tech helps keep convenience stores relevant in society by thinking outside the box
Smart Tech Keeps Convenience Stores Relevant as Industry Declines Read More »
Venmo started as a fun way for peers to pay one another, but it’s quickly becoming the payment method of choice at retailers too. Venmo has become a household brand – it’s the brand consumers trust when paying friends and family, and now they want retailers to use it too. While contactless payment options are
More Consumers Want to Use Venmo at Retail Stores [2023 Update] Read More »
The pandemic has been hard on almost all business owners and consumers across the world. With people losing their jobs and expenses rising, millions of consumers have been going through a financial crisis for the last 10-12 months. Such wide economic gaps are compelling buyers to trim their shopping lists and finding better ways to
Installment Plans Gain Traction Among Consumers, Predicted to Grow in 2021 Read More »
Today, shopping retail and even picking up food at a restaurant looks different. Most customers prefer contactless payments and curbside pickup. They are the norm – they are expected. Contactless payments are just one more way to reduce the risk of sharing the virus. With less cash flowing around, the risk lessens, especially when consumers
COVID19 Drives Adoption of Contactless Payments and Curbside Pickup Read More »