How to read and understand credit card decline codes. When everything goes right, accepting credit or debit card payments makes things simpler and more convenient for both the customer and the merchant; card purchases certainly avoid the hazards of miscounting change or running out of small bills. However, sometimes things don’t go right with card
Payment Processing Error: Invalid Merchant ID Payment processing errors have been causing frustrations and headaches for business owners since the invention of the credit card. Let’s talk about a popular one: “Invalid Merchant ID” Unfortunately, many issues with processing, like declines, are controlled by the customer’s card-issuing bank. Business owners have little control over the
High Risk Payment Processors Shopify Merchant Accounts Let’s talk about alternatives to Shopify Payments. For most business startups, launching an eCommerce website guarantees a boost in sales. Shopify currently leads as the best eCommerce platform in the industry. Its drag-and-drop features make it easier for all entrepreneurs to set up and administer their own online
As a merchant, you are responsible for making sure your customers either receive the goods and services they paid for, OR receive their money back. Issuing prompt refunds isn’t only morally responsible, but it’s also a proven tactic to reduce jeopardizing your merchant account with frequent chargebacks. Occasionally we have merchants inquire about how to
Opinions vary regarding whether PIN debit or signature debit transactions are the more cost-effective way of accepting customers’ debit card purchases, but the prevailing view seems to be that PIN debit is the less expensive option for merchants. The reality is a little more complicated than a simple either-or answer. Let’s dive in.
5 Signs You Could Benefit From A High Risk Merchant Account Any business that relies on the ability to accept credit and debit card payments from its customers needs a merchant account for payment processing. However, the standard merchant account offered by most financial institutions isn’t an ideal fit for every business. For any number
Visa and Mastercard Requirements for eCommerce Sites Having a reliable means of accepting customer payments via major credit cards is essential to the success of any eCommerce business. Approval for an eCommerce merchant account to process credit card payments isn’t automatic; the major card brands, including Visa and MasterCard, want to ensure that their cardholders
Small Business Merchant Account: Filtering Out the Noise In a consumer culture that sees fewer and fewer people carrying cash, preferring instead the security of debit and credit cards, the ability of a small business to accept transactions using these forms of payment is indispensable. However, the vast array of options offered by payment card
US Merchant Account Requirements: SSN’s & TIN’s In years past, foreign companies would create a US LLC or Inc, and then be able to get approved for a US merchant account, however, those days are long gone; below we will explain why it is impossible to get a US-based merchant account if you do not have
Forex Merchant Accounts Savvy money-changers since ancient times have understood that, within the difference between the values of two nations’ currencies, there is profit to be made. However, it hasn’t been until the Information Age that the average investor has been able to use the minute-by-minute fluctuations in exchange rates to produce a return on
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