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10 Frequently Asked Questions About Payment Processing

10 Frequently Asked Questions About Payment Processing

As a merchant who is currently researching payment processing services, you probably have more than one question. These top 10 questions to ask a merchant account provider will help you choose the right merchant processor. 1. How Do I Know Which Payment Processor Is Best? You’ve probably already discovered that there is a sea of processors and methods for accepting card payments out there, but how do you choose the … Continue reading “10 Frequently Asked Questions About Payment Processing”

What Is a Chargeback and What Do They Mean for Business Owners?

What Is a Chargeback and What Do They Mean for Business Owners?

Chargebacks protect consumer interests by allowing customers to receive a credit card refund on fraudulent transaction amounts or insufficient purchases. An example of an insufficient purchase might be a missing delivery or an item that is damaged. All credit card chargebacks begin when a customer disputes a charge. The initial dispute may result in a merchant refund instead of a chargeback. Merchant refunds involve a business directly refunding a customer. … Continue reading “What Is a Chargeback and What Do They Mean for Business Owners?”

Protect Your Customers with Secure Payment Systems

Protect Your Customers with Secure Payment Systems

In a world driven by online transactions, data protection and security are more important than ever before. Not only is it critical to protect your customers’ financial and personal data, it’s just as important to protect your business as well. With secure payment systems, you can protect your customers and your business from the risk of a data breach or hack. As an ever-growing number of consumers are using credit … Continue reading “Protect Your Customers with Secure Payment Systems”

How to Manage Chargebacks for High-Risk Accounts

How to Manage Chargebacks for High-Risk Accounts

In the payment processing industry, high-risk accounts are notorious for having a higher chargeback rate than other types of accounts. Chargebacks are costly and can jeopardize the status of your merchant account. How they affect you depends on the category a payment processor has put you in. It’s always best to avoid a high chargeback merchant account, but, if you’re in a higher risk industry, managing chargebacks requires understanding a … Continue reading “How to Manage Chargebacks for High-Risk Accounts”

How to Get the Lowest Credit Card Processing Fees

How to Get the Lowest Credit Card Processing Fees

Whether you own and operate a food truck, small retail business, or online e-commerce store, one thing is for certain: You need to accept debit and credit card payments to attract customers. Processing these types of payments is not free. Your business will require a merchant services account and must pay various transaction fees. This is why small business owners are constantly shopping around for the lowest credit card processing … Continue reading “How to Get the Lowest Credit Card Processing Fees”

A Guide to Merchant Cash Advances & Discounts

A Guide to Merchant Cash Advances & Discounts

These days, plastic is king. If customers aren’t paying using some form of mobile payment, you can all but guarantee that they’re paying using a debit or credit card. This is because card payments are convenient, quick, and simple to use. So, while these forms of payments greatly benefit consumers, they can have a huge financial impact on merchants, especially small businesses with smaller budgets. The fact is that credit … Continue reading “A Guide to Merchant Cash Advances & Discounts”

Everything You Need to Know About Credit Card Processing and Contactless Payment Options

Everything You Need to Know About Credit Card Processing and Contactless Payment Options

The way businesses collect payments for goods and services has changed since the COVID-19 pandemic began. Many places have done away with accepting cash, to limit contact with customers. In place of cash, businesses are promoting a new way to pay using various contactless payment options. What Is a Contactless Payment? A contactless payment is a method to pay for goods or services using various technologies without having to touch … Continue reading “Everything You Need to Know About Credit Card Processing and Contactless Payment Options”

Why Is Mobile the Best Way to Accept Credit Card Payments?

Why Is Mobile the Best Way to Accept Credit Card Payments?

As a business owner, it is important to accept credit and debit card payments. When you limit your payment options, you potentially miss out on sales opportunities.  Providing your customers with a variety of payment methods entices them to buy your products or services. Businesses have several options for accepting credit card payments. You could have a POS system that is connected to your payment gateway and payment processor. You … Continue reading “Why Is Mobile the Best Way to Accept Credit Card Payments?”