Reviews

Payment Withholdings from Square Could be Disastrous for Some Small Businesses

Many businesses that have an online merchant account from Square have become aware of a recent development involving “holding” funds from their merchants–sometimes for as long as 120 days. What is Square’s “Rolling Reserve?” According to widely published news reports, the payment processor Square has been withholding funds from some of the merchants that use…

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Common Credit Card Processing Problems

Practically every business in the modern economy can benefit from accepting credit card payments. Credit cards are among the most popular consumer payment methods and adopting credit processing technologies can greatly boost sales and revenue. That being said, many small businesses face challenges to adopting credit card processing. Here are some of the more common…

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Ensure Return Customers by Accepting Credit Cards

For the average sales team, it’s all about closing. They clinch their commission and move on the next. But for the your business as a whole, a big-picture view can be smarter. You recognize that one-time sales are great, especially if the sale has good margins. However, in the long-term, regular customers are better. You…

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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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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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Common Reasons for Chargebacks

When a customer makes a purchase from you, they can pay using a credit card or debit card. If it’s a one-off purchase, the cash transfer takes place immediately, and the money arrives in your bank account within a day or three. If it’s a repeated expense (like a subscription), it might not be posted…

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Cardrates.com Declares Charge.com Secure and Affordable

GAINESVILLE, FLORIDA – CardRates.com, which is known as “The Ultimate Guide to Credit Cards,” and which features “the latest news, studies, current events, and other interesting tidbits from inside the credit card industry” from “finance experts and industry insiders” has determined that Charge.com’s processing fees are among “the lowest in the industry.” The Cardrates.com article…

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