Author: Maria Sparagis
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What Is a Virtual Credit Card and How to Accept It for Subscriptions
Virtual cards are revolutionizing the way consumers shop online and manage finances. These digital-only payment methods offer a secure, convenient alternative to traditional plastic credit cards. In this post, we’ll explore what virtual cards are, how they benefit both customers and merchants, and their role in the world of subscriptions and recurring payments. PROTECT YOUR…
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Credit Card Decline Code 51: Insufficient Funds (and how to save the sale)
Are you an online business owner tired of losing sales due to credit card declines? One of the most common reasons for a payment not going through is decline code 51, which means the customer’s card has insufficient funds. But don’t worry – you can turn these declines into opportunities with the right approach. In…
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Best Stripe Alternatives for International Sellers
Are you an international seller looking to expand your online business and reach customers in the United States? If so, you’ve likely encountered the challenges of finding a reliable payment processor that caters to your unique needs. Stripe and PayPal, two of the most popular options, may not always be the best fit for merchants…
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STEL Aggregation Is Destroying Your Business!
When you process customer payments through a third-party aggregator like Stripe or PayPal, the charge may appear on credit card statements as coming from the aggregator instead of your business name. Hence, “STEL Aggregation”. Customers don’t recognize it, assume it’s fraudulent, and dispute it, resulting in costly chargebacks for you. STEL aggregation can wreak havoc…
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Synapse Bankruptcy, A Wake-Up Call for Banking-as-a-Service
The recent abrupt bankruptcy filing of financial technology company Synapse has sent shaken the banking industry. Synapse Financial Technologies, which acted as a middleman between fintech firms and banks, has frozen the accounts of tens of thousands of businesses and consumers as a result of its Chapter 11 bankruptcy protection filing in April. This debacle…
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