How transaction qualification levels silently inflate your interchange fees — and what midsize merchants can do about it Learn how Level 3 data (invoice-quality data) affects what you pay per transaction and why your processor never shows you. This guide helps eCommerce merchants identify hidden costs on commercial card orders and take practical steps toward […]
Category: Online Payments
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Level 3 Data: A Guide to Hidden Processing Costs
You have a choice when it comes to deciding upon the right payment processing solutions for your business. A choice that is undoubtedly met with a wide variety number of options. As credit card and digital wallet usage continue to accelerate, it’s important that you partner with a platform that does more than just work […]
There are only so many parts of running a business that you can prepare for. Like many aspects of life, it’s difficult to truly understand what it takes to be a successful business owner until you’re in the thick of it. For example, one thing that no one tells you about starting a business is […]
In the day-to-day grind as a business owner, you’re in a constant state of juggling. Whether it’s managing staff, approving new products, marketing an event, or one of a hundred other things piled up on your to-do list, there’s no shortage of tasks vying for your attention. It probably comes as no surprise then that […]
Over the past decade, the world of e-commerce business has completely transformed consumer purchasing behaviors. Practically everything you once had to procure in-person can now be purchased from the convenience of your couch through a series of clicks, taps, and confirmation emails. In fact, 1.79 billion people worldwide made a purchase online in 2018, with […]
Cash may have certainly been king at one point in time, but nowadays, card-based transactions reign supreme for consumers and the businesses they shop at. 77% of consumers prefer to pay with credit and debit cards over cash. With this in mind, making decisions around the payment types you’ll accept as a business owner proves […]
From self-ordering kiosks to tabletop and handheld server tablets, restaurateurs are finding new ways to invest in customer experience. Having a point of sale (POS) and payment processing system that’s both reliable, secure, and flexible is one area, in particular, that’s of primary focus. Thanks to technology and the rise of digital, the restaurant industry […]
PCI compliance is one of the most important factors in establishing safe online transaction processing, but many business owners and managers know very little about it. Most either assume that it doesn’t apply to them or that they already have it – whatever it is. But e-commerce software and online payment solutions aren’t PCI compliant […]
While every business is different, there’s one thing we all have in common – the need to process customer payments. Unfortunately, the process comes at a higher price. Literally. Ask yourself – how much does your business spend on payment processing fees? What about things like chargeback and next-day funding? Chances are, you use one […]
Whenever a user dispute a credit card charge they find in their credit card history, one of the provider’s first steps is to demand that the retailer returns the value of the charge – this means chargebacks. They protect consumers from fraudulent charges, but they can also be extremely costly to the merchant.
Merchant services play a large role in your business. They help you collect revenue, but they also impact your expenses. Find the right company that doesn’t disrupt your cash flow.
When you’re looking for a payment processing service so you can make personal online transactions, you might just use the first thing you come across. But when it comes to your business, you want to back up your choice with some research. Different payment processing tools, like PayPal, Stripe, and BAMS, offer a wide array […]
Marketing strategies rely on having information. You need to know as much about your prospective customers as possible so you can reach out to them effectively. A lot of that information comes from your website traffic. What your visitors do, how they interact with the site, and what items they buy form a large part […]
Want to increase sales? Use the following sales tips to sell more products, boost your revenue, make your business grow and increase your ROI:
Loyalty cards are becoming a staple of the modern shopping experience. That means companies that don’t include loyalty programs, discount cards, and other incentives for recurring shopping trips are likely to miss out on return customers. Many companies are starting to centralize their loyalty programs in an app, but that doesn’t mean they’re getting rid […]
Every marketing strategy your business employs requires insight and data analysis. It’s hard to understand what drives consumer behavior without knowing the consumers. If you can’t track spending and customer behavior, then you have to wait and hope for sales instead of driving sales. But if your company offers consumable products and services that are […]
Brick and Mortar stores are taking a hit all because of e-commerce. Just look at Toys “R” Us and Babies “R” Us. These two were giants in their respective fields for over 60 years. Kmart which began in 1899 has liquidated and closed as well.
Gift cards have only been around about 20 years. Before that, is was paper gift certificates and not many of them, as the giver preferred a more “personal touch,” meaning that actually going to the store and purchasing the gift was not only more labor-intensive but more “thoughtful.” As more establishments began offering gift cards, […]
Many new merchants sign up with PayPal or Stripe to accept payments but often find that they have high cart abandonment and generally lackluster sales. In many cases, it’s not the product or the newness of the merchant that’s the problem – it’s the lack of a “real” shopping cart. Eliminating this issue is as […]
