Each transaction involves a certain amount of risk. Purchasers often risk dissatisfaction or disappointment upon receiving a product or service. And merchants always risk the possibility of a customer dispute or fraud. Learn the fine art of Chargeback Protection and How to Prevent Disputes. This risk is not always dependent upon the type of business
Many businesses may seem totally safe and uncomplicated to you and me. However, some of these businesses can often be considered a High-Risk business type by sponsoring banks and credit card processing companies. Learn the ins and outs of High-Risk Merchant Account Rates & Fees. Know why a chargeback can be your worst enemy. Help
When discussing Micros аnd How It Integrates with Poynt, we need to focus a bit on some history merchant processing history. MICROS-Rеtаil, thе retail solutions division оf MICROS Systems Inс., is thе lеаding provider оf соmрrеhеnѕivе, bеѕt in сlаѕѕ ѕоlutiоnѕ fоr the wоrldwidе retail аnd dirесt mаrkеtѕ, enabling mеrсhаntѕ tо deliver оn thе сuѕtоmеr еxреriеnсе
If you have any experience with building an online store, then you are most likely familiar with a Terms and Conditions page. Whether you are a small business selling a few products online or a large corporation with multiple websites, a Terms and Conditions statement gives your customers rules to follow when using your website.
Credit card processing can often be a complicated system of many different card types, interchange pricing, interchange fees, percentage rates and basis points. In the article below we specifically focus on basis points, also referred to as BPS or Basis Point Percentage. Let us show you how merchant account fees are calculated using basis points.
In order for your small business to process credit cards, most merchant account providers will have you go through a fairly detailed Merchant Account Underwriting and application process. This will help to determine the type of risk factors your small business may pose to the merchant service provider and sponsoring bank. Gathering this information is
The Address Verification System (AVS) is a system used by financial institutions to help prevent fraudulent credit/debit card purchases. When a credit card transaction is processed through the payment gateway, the issuing bank will request the billing address of the card holder. This information is typically stored on the magnetic strip located on the back
The use of credit/debit card processing has skyrocketed over the last decade. Accepting credit and debit cards through mobile phones, tablets and computers has made it extremely convenient for businesses to offer payment processing services saving them time and money. One of these services is the Automated Clearing House Network. The Automated Clearing House Network (ACH)