Change is constant, especially in the world of payment processing. Visa, one of the giants in the realm of payment networks, has initiated a game-changing program called Visa Compelling Evidence 3.0 (CE 3.0). This program aims to simplify the process of reducing chargeback rates and preventing revenue loss for merchants. The impact of CE 3.0,
Category: Frequently Asked Questions
Are you a business owner who’s been feeling the pinch of mysterious payment processing costs? It’s time to shed some light on this financial enigma and figure out what the heck rates you’re actually paying. In this blog, we’ll break down the complexities of payment processing fees, and by the end, you’ll have the tools
Have you ever run a card, had it decline, yet it still shows up on a customer’s card statement? We often get questions from merchants, inquiring about a transaction that shows as declined at the payment gateway, yet the customer is calling asking: “Why was my credit card billed?” Let’s deep dive into the payment gateway so you can better communicate with your customers the reason for these holds.
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.
Credit Card Processing US Territories, US Virgin Islands (UVI) and British Virgin Islands (BVI) A merchant account gives you the power to accept credit and debit card transactions, making it an essential tool for any business, whether it welcomes customers to a brick-and-mortar storefront or a web-based ecommerce store. However, merchants operating in the U.S.
How To Recover If Paypal Freezes Your Merchant Account As an online merchant, being able to accept credit and debit card payments from your customers online is a fundamental necessity. In looking to fulfill that need, many ecommerce merchants are lured in by the siren song of aggregate processor’s (companies like paypal and stripe) quick
How To Detect Phishing Attacks On Your ECommmerce Website One of the most effective techniques used by hackers and internet fraudsters to steal identity information, collect credit card numbers, and gain access to accounts is phishing. Phishing is so successful because it targets the weakest link in any IT security system: the human users. Phishers
What is the Fido Alliance? And Why Should I Care? How many accounts do you have that require a password to access? Email addresses, social media sites, streaming video services, banks, ecommerce websites… the list goes on, and you may not even remember how many password-accessible accounts you have – hardly surprising, since the average
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