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 […]
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Level 3 Data: A Guide to Hidden Processing Costs
Over the last few years, many credit and debit card issuers have added the EMV chip to their cards. These are the little golden spots on cards that look somewhat like mini circuit boards. Inside them, microprocessors are embedded that encrypt data and make it more secure during transactions. There are many upsides to enabling your point-of-sale (POS) equipment […]
In order to accept online payments, a business has to have a special gateway to connect to the processing system. One of the most-used and trouble-free solutions is to use Authorize.net, which is the leading online payment gateway provider. Authorize.net can also process transactions that are entered directly into its system, so it’s easy for you […]
If you have a business that sells a product or service and you don’t have an eCommerce processing site, you are leaving money on the table and growth to your competition. The advantages of having eCommerce stores are immediate and essential for a small or growing business. If you need more convincing, consider the following […]
We are living in the digital age where it is possible for almost every aspect of our lives to happen on a virtual platform. The business sector also caught on, and there was mass movement from brick and motor to the virtual selling and buying of services and goods. Electronic networks, especially the internet, are […]
For businesses that use credit card payment systems, getting their funds is the challenging part. The standard cash flow payout system that banks give to companies sometimes inconveniences businesses when they urgently need the funds. Next day funding systems cut through this gap and offer companies their deposits a day earlier than normal. So, why […]
From time to time, chargebacks are an unavoidable part of being a merchant; like returns and customer complaints. Chargebacks are much more costly to your business, however, and while you might not be able to avoid them completely, you should be taking steps to prevent as many as you possibly can.
