Advantages of Accepting Electronic Checks for Your Online Business Internet-based transactions were once chiefly the province of eCommerce retail spending, but customers have become significantly more comfortable using online and mobile payments for a wide range of products and services, including paying their bills. This trend is expected to continue to increase as consumers become
Having the power to accept debit and credit card payments is essential to your growing business, but sifting through the options presented by payment processing companies to find the right merchant account for your business’s needs can feel overwhelming. There’s so much information out there about payment processing that even figuring out where to begin
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
Credit Card Basis Points Explained For every business, there are costs associated with accepting credit cards. The bulk of these costs come from interchange fees, going directly to the banks that provide the consumer their credit card. Understanding how these charges are calculated using basis points will help you better understand and control your expenses
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
My Credit Card Processing Is Down! Now What? Are you having problems with your credit card processor today? You’ve tried to hit the power button? Maybe you’ve even checked Down Detector to see why you can’t seem to get your credit card processing to start working. We’re sorry for the frustration! We know that having
The Top Six Digital Payment Trends For 2021 The tech and payments spaces constantly evolve to create new and exciting possibilities for merchants and customers. Some “advancements” become a headache for merchants to keep up with. Others seem to make merchants’ lives so much easier that we’re all left wondering how these solutions took so
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
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.
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