Chargeback insurance is a type of coverage that protects businesses from financial losses resulting from chargebacks. Chargebacks occur when a customer disputes a transaction and requests a refund from their bank or credit card issuer. This can happen for various reasons, such as fraud, dissatisfaction with the product or service,...
Velocity Checks and Fraud Prevention
In today's digital age, where online transactions have become the norm, the risk of fraud has also increased significantly. Fraudsters are constantly finding new ways to exploit vulnerabilities in payment systems and steal sensitive information. To combat this growing threat, businesses and financial institutions have turned to velocity checks as...
How To Sell Cash Discount Merchant Services
Cash discount merchant services are a payment processing solution that allows businesses to offset their credit card processing fees by offering a discount to customers who pay with cash. This innovative approach to payment processing has gained popularity in recent years, as businesses look for ways to reduce their expenses...
What Is a Cash Discount Program?
In today's competitive business landscape, finding ways to increase revenue and reduce expenses is crucial for the success of any business. One strategy that has gained popularity in recent years is the implementation of cash discount programs. These programs offer businesses the opportunity to save money on payment processing fees...
How To Send An Electronic Check
Electronic checks, also known as e-checks, have revolutionized the way we make payments in today's digital age. With the advancement of technology, traditional paper checks are becoming less common, and electronic checks are gaining popularity due to their convenience and efficiency. In this comprehensive guide, we will explore the basics...
Average Fees for Credit Card Processing
Credit card processing fees are charges that businesses incur when they accept credit card payments from their customers. These fees are typically a percentage of the transaction amount, along with a flat fee per transaction. Understanding these fees is crucial for businesses, as they can significantly impact their bottom line....
How to Avoid Overpaying For Credit Card Processing
In today's digital age, credit card processing has become an essential part of running a business. Whether you operate a brick-and-mortar store or an online business, accepting credit card payments is crucial for attracting customers and increasing sales. However, many business owners find themselves overpaying for credit card processing without...
Credit Card Assessment Fees: A Quick Merchant Guide
Credit card assessment fees are charges imposed on merchants by credit card networks for the processing of credit card transactions. These fees are an essential part of the credit card industry and play a significant role in the overall cost of accepting credit card payments. Understanding credit card assessment fees...
How to Handle a Credit Card Processing Outage
In today's digital age, credit card processing has become an integral part of conducting business transactions. However, like any technology, credit card processing systems are not immune to glitches and outages. A credit card processing outage refers to a disruption in the system that prevents businesses from accepting credit card...
How Cloud-Based POS Systems Improve Business Scalability
In today's fast-paced business environment, scalability has become a crucial factor for success. As businesses grow and expand, they need systems and technologies that can adapt and support their increasing demands. One such technology that has revolutionized the way businesses operate is cloud-based point of sale (POS) systems. These systems...