Archive for November 2018

5 Benefits of Accepting Payments Online

Many businesses start out with physical locations. But eventually, in today’s world, it soon becomes a necessity to take things digital. Fortunately, as more and more enterprises board the information superhighway, the transition becomes much simpler. You can begin by building a website with eCommerce components, and then open a merchant account with a payment…

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How the Credit Card Processing Environment Works

The credit card processing environment exists as soon as a customer makes a payment by credit card for goods or services purchased from a merchant. At that point, a host of industry role players become involved in different stages of the process. The credit card processing environment is the automation of electronic card transactions made…

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A Payment Solution for Start-up Businesses

When starting a business, most entrepreneurs want to keep costs as low as possible. Frugality is important at any point of a business because lowering costs will raise your profits, but it’s particularly important at the start, because startups may not have the capital to spare. The most important part of any business, aside from…

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Accepting Credit Cards for a Small Business

These days, credit cards are the preferred mode of payment for a typical customer. It’s easier for them because it’s quick and convenient, with fewer visits to the ATM, no dealing with bills or change, and no checks to write. From a business perspective, you might think your company is too small for credit cards.…

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Help Your Customers Feel Comfortable Paying Online

It’s important to customers that they feel comfortable about how, where, and to whom they’re paying. Comfort can be boiled down into two primary components: safety and convenience. An online shopping platform can help customers feel comfortable by reassuring them that their safety and security is high priority, as well as by making sure the…

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Credit Card Trivia

We all know what a credit card is, and many of us have more than one credit card. In fact, many people use a credit card to make the majority of their payments, from bills and necessities to entertainment. And most of us probably have at least a vague idea of how credit card processing…

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The Role of the Payment Gateway

The role of the payment gateway is vital to ecommerce. Without a payment gateway, credit card payments cannot be processed online. What is a payment gateway? Payment gateways provide an essential service for credit card transactions. They facilitate these kinds of transactions by transferring information between payment portals and the payment processor or bank. To…

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Differences Between Online Payments and Offline Payments

These days, a lot of businesses start their journey online before they go off. It doesn’t need much capital. It’s $5 to $15 for a web hosting package, and while professional web design can cost from hundreds of dollars to tens of thousands of dollars or more, free templates are a good starting point. Then,…

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Friendly Fraud vs. Chargeback Fraud

According to statistics, credit card fraud and identity theft aren’t as common as we fear. Of all the fraud-driven cases of chargeback, only about 30% are true fraud cases. The other 70% or so are so-called “friendly fraud” cases, where a customer accidentally disputes a legitimate charge because of the customer’s error or genuine misunderstanding.…

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