How to Reduce Credit Card Chargebacks 2024 Holiday Season Edition
The post-holiday chargeback surge is coming, and it’s going to hit harder than ever. With holiday retail sales reaching $957.3 billion in 2023, and an expected 3.5% growth for 2024, businesses are set to face a wave of transaction disputes in January 2025. I’ve seen firsthand how these chargebacks can devastate businesses, often wiping out […]
Credit Card Decline Code 03: Invalid Merchant (solution)
Payment gateways are powerful, but not always informative—at least not directly. Whenever a transaction fails or even succeeds, the gateway displays a response code. When the transaction is successful, we don’t really care about the gateway response. But when it fails, that error code is quite insightful. If you’re suffering from too many credit card […]
Klarna CEO AI Future and Payment Evolution
When Klarna’s CEO Sebastian Siemiatkowski recently shared insights about the company’s direction, it wasn’t just another corporate update – it was a glimpse into the future of how we’ll all handle money. The signs are impossible to ignore: traditional credit cards are losing their grip on younger generations. And artificial intelligence isn’t just a buzzword […]
Payment Processing Bring My Own MID: Is It Possible?
You’re probably familiar with mysterious fees, rigid contracts, and processing rates that seem to climb every quarter. I meet business owners who tell me they want to “bring their MID” to a new payment processor. I get it – you’ve invested time and effort establishing your merchant account, and the idea of portability seems logical. […]
Is Stripe Payment Safe? Online Sales, User Data, and More
Let me hit you with a shocking stat: 42% of all global fraud cases happen right here in the US. As a payment processor who’s seen countless businesses get burned, I’m here to tell you why payment security isn’t just another checkbox on your to-do list. Stripe processes billions in payments annually, and chances are […]