For many merchants, chargebacks may appear to be nothing more than a reversed transaction—a customer disputes a charge, the funds are deducted from your account, and that’s it. However, the true costs of chargebacks go far beyond the immediate loss of the sale. Chargebacks have a ripple effect that can damage your business in ways […]
Understanding Chargeback Rules for VISA Merchants: What You Need to Know
Chargebacks can pose a significant challenge for merchants, leading to financial losses, reputational damage, and increased fees. Understanding and adhering to chargeback rules for VISA merchants is essential to minimizing these risks. Each card network, including VISA, has its own set of chargeback regulations and procedures that merchants must follow to effectively manage and dispute […]
Thriving in High-Risk: Key Considerations for Merchant Accounts
Navigating the world of high-risk merchant accounts can be challenging, but understanding the key considerations is essential for success. Increased regulatory scrutiny, elevated chargeback rates, and a higher likelihood of fraudulent activity characterize high-risk merchant accounts. These accounts are prevalent in online gaming, adult entertainment, and nutraceuticals. Challenges Faced by High-Risk Businesses High-risk businesses encounter […]
Want to Eliminate Credit Card Fees? Use a Cash-Discount Program
Credit card processing fees can be a significant expense for small businesses. While credit cards offer convenience for customers, the fees associated with accepting them can eat into a business’s profits. However, there is a solution: implementing a cash-discount program. What is a Cash-Discount Program? A cash-discount program is a payment processing system that incentivizes […]
The Biggest LTV Challenges for Subscription Companies
LTV is the metric subscription-based companies live and die by. It’s the lifeblood of their P&L statements and is a metric that’s crucial to understand, but it can also present some challenges. Before we get into the biggest LTV challenges for subscription companies, let’s start with the basics: What is LTV? LTV, or Lifetime Value, […]
7 Credit Card Security Tips for Merchants
Merchants who accept credit card payments have a significant responsibility to protect their customers’ sensitive financial information. Credit card data breaches can cause significant harm to individuals, as well as to businesses’ reputations and finances. Therefore, it’s essential for merchants to prioritize security and implement measures to protect their customers’ data. In this blog post, […]
The Best Payment Processing Solutions for eCommerce
There are many forms of payment to incorporate if you have an e-commerce business. Deciding which methods are the best for your business is the key to streamlining checkouts and offering your customers convenience and security. Common Processing Solutions There are a few ways to accept payments online if you have an e-commerce platform. It’s […]
How to make ‘card on file’ work for you
Card on file transactions – enabled by merchants’ retention of customers’ card details following a purchase – have been standard practice in e-commerce for many years. It’s how subscription and recurring payment business models operate. It’s how Amazon’s popular “buy with one click” option works. And it’s the only way in which digital wallets such […]
Cash Discount Programs a Good Fit For Business
Offering customers a discount to pay with cash can be a smart move for some businesses – not least because of the savings in card processing fees. But it’s not a model that works for everyone. And for all merchants, there’s a right and a wrong way to go about it. How Not to Reward […]