Archive for July 2018
How Can My Business Accept Credit Card Payments Online?
In some ways, running a shop is easy. You stock it and take money from customers. They might give you cash, checks, or credit cards, and you might have a cashier or a self-checkout counter. Credit cards seem like the easiest option – one swipe and you’re done! In this sense, online stores may seem…Read More
How the Credit Card Chargeback Process Works
Chargebacks are a risk when you accept payment by credit card. Chargebacks are almost always a result of a dispute raised by the customer, but sometimes banks can raise disputes as well. So why do chargebacks happen? The 4 most common reasons why chargebacks happen: Fraud: the credit card has been used without the authorization…Read More
Is a Chargeback the Same as a Refund?
A chargeback and a refund may be similar for a customer, but they are very different for the merchant. A chargeback occurs when a customer disputes a charge processed by a business. The amount charged to the customer’s credit card account is refunded, and the amount is deducted from the business’s banking account, along with…Read More
Understand Your Customers Better
The ways consumers behave according to whether they have credit card or cash is a fascinating study of human nature and consumer psychology. Understanding these trends is also useful for merchants. Equipped with the knowledge of how your customers are likely to behave around different payment options allows you to tailor how you offer those…Read More
Is Accepting Credit Cards Worth the Investment?
Today people are not interested in paying by cash or check anymore, and if you are still not accepting payments by credit card, you are likely losing out on sales whether you are aware of it or not. Virtually all successful business owners are concerned about managing costs, but investing in a credit card processing…Read More
What Is a Card-Not-Present (CNP) Transaction?
As a merchant, you can accept credit card payments in different ways for goods and services supplied. There are two terms that you will hear bandied about, Card-Not-Present (CNP) and Card-Present (CP). Let’s understand what a Card-Not-Present or Card-Present transaction is: Card Not Present means that the merchant does not see the physical credit card…Read More
Electronic Payment Systems for Online Businesses
There is massive opportunity and potential in starting an online business. Whether your whole business is just starting up or you already run a brick-and-mortar business and you want to make the shift to digital, it’s important to invest in the right electronic payment system. An electronic payment system will allow you to accept credit…Read More
How to Accept Credit Cards Anywhere, Anytime
If this is your first time running a direct-to-customer business, you may be unclear about credit cards. When you’re the customer – at the grocery store or your favorite online shopping spot – it’s easy. You just swipe your card or click “Pay Now” on the website’s the check-out page. You might never have considered…Read More
The History of Credit Cards
Since the first bartering systems of early civilization, payments have evolved quite a lot. As the technology that allows us to make payments grows, the industry is constantly developing and dynamically adapting and improving. The introduction of online payments over the internet marked a major milestone in the payments industry, for example. Here’s a quick…Read More
A Short Guide to Payment Gateways and ACH Payments
When you first start ecommerce research, It’s easy to get confused. Yes, the information is readily available, but sometimes, it’s puzzling, technical, and even contradictory. For example, you probably know you need a merchant account so that you can accept credit cards from your customers. But then you start to hear about networks, gateways, clearing…Read More