4 Simple Ways for Faster Checkouts
If you’ve ever shopped online, you know that speed matters. From the time you enter a product into your cart to the moment it arrives on your doorstep, the faster that process is, the happier and more likely we are to return to that merchant again. The faster you can get customers in and out […]
How to Prepare for the New MCC Code for Firearm Sellers
Visa said Monday it will start using a new merchant category code for businesses that sell firearms. The new code will label online gun retailers more specifically, instead of the “general merchandise” category. “This change will allow us to monitor individual sellers and also help flag any potentially high-risk transactions,” a Visa spokeswoman told Reuters. […]
Save Money & Qualify for Level 3 Credit Card Processing Rates
Level 3 processing offers lower interchange fees and helps businesses better navigate their data to increase profit and decrease costs. So why isn’t anyone talking about it? Find out what it takes to qualify for Level 3 processing, what additional information you’ll need to provide, how it compares to the other levels of data processing, […]
What Is “stel aggregation”? And Why Does It Appear on Customer Bank Statements?
Stel aggregation is the process of combining multiple small transactions into one larger transaction. This is often done to make it easier for banks to reconcile their customer accounts and prevent overdrafts. Stel aggregation takes place when a customer has multiple debits made by different merchants on the same day, but they’re not all paid […]
Increased Declines at Checkout? Sell Internationally? This Is Why
Declined transactions happen to all online merchants. It’s part of running a successful store. Customers want your product, banks don’t. That’s essentially what it boils down to, especially for high-ticket merchants. But you can do something about those credit card declines and start converting OVERNIGHT. In this post, I’ll reveal the No. 1 reason why […]