How to Reduce the Chances of a Chargeback

Chargeback fees may only be a few cents, or maybe a few dollars, but they pile up pretty fast, and their long term consequences are disastrous. It stays in your permanent bank records, even if the matter is resolved in your favor. If you accrue too many chargebacks, this could trigger an audit or even…

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Does my Small Business Need to Certify PCI Compliance?

The term ‘small business’ is relative. It could refer to customer volumes, turnover, reach, service provision, staff numbers, physical size, or maybe you live and work in a quiet little town. Regardless, you still need to be PCI compliant in order to accept credit cards. There are two reasons why. One, you can’t process any…

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Accept All Forms of Electronic Payments with a Merchant Account

If you run a traditional brick-and-mortar business, the online world can seem a little daunting. And yet the simple step of accepting online payments could significantly increase your sales volume. And you wouldn’t even need more staff. (Well, actually, you might need more staff to keep up with your increased business size–but not to accept…

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Reasons to Accept Credit Cards for Your Micro-Business

The term “small business” covers a lot of territory, from independent beauty consultants to home-based businesses to operations with 20-30 employees. Most small businesses don’t think twice before accepting credit card payments, but many micro-businesses might. A micro-business is generally an independent operation and is something that can even start as a side project while…

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75% of Consumers Prefer To Pay With Credit Cards

Are you losing out because you don’t accept credit cards?  If you don’t accept them, then the short answer is yes—though not necessarily in the ways you might think. If three-quarters of your customers would rather pay by card, you’re likely to lose a good proportion of those sales. If your product or service is…

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How Do I Remain PCI Compliant?

 A survey conducted in 2014 shows that nearly $16 billion losses were caused due to credit-card fraud. This could be, in part, because businesses may not maintain proper controls over the sensitive data in their possession. PCI refers to the Payment Card Industry Council, which is the organization that self-regulates credit card payment methods. Initially,…

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Tips for Safeguarding Your Customers’ Credit Card Data

Allowing your customers to pay by credit card makes life a lot easier for them. It’s convenient, it improves their credit score, and it makes a great avenue for loyalty plans. However, it also puts them at risk. If unscrupulous people get hold of someone else’s credit card details from you or your business, the…

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New to Credit Card Payments? What to Know

As a customer, it helps to memorize your PIN, card limit, interest rate, and cancelation phone number number. It could also be handy to understand how to read credit card statements. Beyond that, just swipe and sign. But from a business perspective, there’s a little more involved. For one thing, you need to know what…

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5 Benefits of Signing Up for a Merchant Account

A merchant account is a particular type of bank account that enables businesses to accept credit cards and other payment types. Opening a Merchant Account The most convenient way to open a merchant account is with the help of a payment service provider (PSP) that offers several different options. These include payment through different currencies…

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The Benefits of Payment Options

As a business owner, it is sometimes helpful to put on your ‘customer hat’ for a few minutes. What’s your favorite place to shop, and what do you like about it? Now think of your least favorites. What are they doing wrong? Apply that same level of scrutiny to your own business. If you were…

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