Monday, June, 20th, 2022 at 7:18 pm by Nicole Colwell
Categories: Blog
There are a lot of things to learn and understand if you are going to work with a merchant account provider. Knowing the basics of how that processor provides different services can mean percentage differences in your profit margin. One of those services to fully understand is the ACH payment. ACH stands for Automated Clearing House. In simple terms, it is an electronic bank-to-bank money transfer that bypasses the usual credit card steps. It requires [Read More...]
Thursday, June, 16th, 2022 at 11:49 am by Nicole Colwell
Categories: Blog
It’s exciting to see sales adding up as payments are processed. You worked hard to earn them. But at the end of the day, most business owners want to know “When do I get the money?” When you use batch payments, getting paid for your hard work starts after all the credit card transactions have been collected for a given day. These payments are then bundled together in what is known as a batch and [Read More...]
Tuesday, May, 31st, 2022 at 6:50 pm by Content Manager
Categories: Blog
Your merchant account can get shut down at any point in time, through no fault of your own. Are there actions that you can take that will increase the likelihood of getting it shut down? Absolutely; spikes in volume, increased chargebacks, increased refunds, and a variety of other things can contribute. But even if you do nothing, and you change nothing in your business, you still can have a provider pull the rug out from [Read More...]
Tuesday, May, 31st, 2022 at 6:39 pm by Content Manager
Categories: Blog
How to protect your business against chargebacks:1. Work with a Team of Payment Optimization Experts2. Use Systems That Reduce Fraud and Merchant Errors3. Set Proper Expectations … and provide an accurate payment descriptor with your customer service number. If you’re looking for ways to protect yourself from high chargebacks, there are a variety of ways you can safeguard your business for the long-term: using a trusted merchant account provider, reducing merchant errors and fraud, and [Read More...]
Tuesday, May, 31st, 2022 at 6:31 pm by Content Manager
Categories: Blog
BANKS ARE CONCERNED ABOUT MERCHANTS PAYING THEIR FEES Check out the full podcast here! Due to recent events, the economy is in a fragile state across the globe leading to a period of hardship for many businesses. It has also spurred a surge in chargebacks, refunds, and disputes as events, travel, and service-based industries are forced to cancel and/or delay their services. Due to this, a large number of businesses are unable to pay their [Read More...]
