Posts by Guest Contributor

Should a Merchant Issue a Refund Before a Chargeback?

Vendors stand to gain a great deal by accepting credit cards, from gaining access to a larger customer base to increasing revenue and cash flow. However, there are downsides that have to be taken into account. One of these downsides is the chargeback. Chargebacks are part of a banking policy which allows customers to request…

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What is Credit Card Interchange and How Does it Work?

Interchange-plus pricing is an alternative to fixed-rate pricing available upon request to credit card merchants.  It involves passing through to the merchant the actual costs charged by the credit card companies.  In the long run, it generally offers the lowest pricing for high-volume merchants; however, because pricing varies based upon numerous factors, some individual transactions…

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How Does an Independent Sales Organization (ISO) Work?

An ISO is an organization or individual that is not a Visa or MasterCard member bank, but which is associated with such a bank. This association involves various activities such as acquiring or issuing functions, soliciting cardholders, arranging for terminal leases or purchases, and customer service among others. Independent Sales Organizations are also known as…

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Merchant Accounts for Small Businesses

You Own a Small Business – Can a Merchant Account Provider Provide You With What You Need? Check and cash usage is dropping, while online and card payments are on the rise. To harness this, a small business must have access to a merchant account, which will allow you to receive payments in a variety…

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What is the Best Credit Card Processor for my Business?

There are many credit card processors to choose from, with many criteria to take into consideration before signing the contract. In this article, we’re going to take a look at various factors to consider when selecting your payment processor. The benefits of accepting credit cards Accepting credit cards will widen your customer base, whether you…

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Keeping Your Customers’ Personal Information Secure

Customers can have some apprehension when it comes to sharing personal information with a company, especially online. Accordingly, it’s very important that your website reassures customers that their personal information is secure with you. In fact, security is a top priority for many customers, and even if your product offering is stellar, and your security…

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Collecting Recurring Payments From Your Customers

Recurring payments are a great way to improve cash flow and reduce costs, while building customer loyalty, thanks to the added convenience. Customers always appreciate when a store does its best to accommodate them, whether that means staying open for longer hours, offering a wider selection of products and services than the competition, or having…

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Is Just One ‘Standard’ QR Code System Enough?

The QR code is an upgraded version of the barcode, and it was developed by Denso Wave, a Japanese company, in the mid-90s. Its main advantage over barcodes is that it can store extra information. A bar code stores information in the thickness of the bars and the white spaces between them. Since there is…

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Why is an Acquiring Bank Important for your Businesses?

A small online business can benefit in several ways from working with a acquiring bank. An acquiring bank has many functions, working with both multinational corporations and small businesses. For small businesses, an acquiring bank acts as a loaner and as a provider of merchant accounts and credit card processing. A purely online business however…

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