Category: CREDIT CARD PROCESSING
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FAQ: Why You Have So Many International Declined Transactions
A common question we get from (understandably frustrated) sellers in Canada and Australia involves declined transactions. “My approval ratio is high, so why do I get so many declined transactions when selling to Americans?” Do you have this issue, too? There’s no doubt about the frustration and rage you might be feeling when customers get…
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When Stripe Becomes a Liability – The Limits of Processing Transactions
Stripe is easily one of the world’s go-to solutions for online payments. Customers know the payment gateway, merchant’s get a simple signup and fast activation, and both sides can benefit from Stripe’s security. But there’s a downside to using Stripe: payment processing limits. Depending on your industry and how much you process, you could fall victim…
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MasterCard Goes All-in on Crypto, Embraces the Future of Payment Processing
About a decade ago, cryptocurrency began. Bitcoin was the one and only option and mined by just a few enthusiasts. At the time, crypto was arguably too futuristic to be taken seriously. Decentralized? Blockchain? Digital wallets? Very few were buying into the idea. Fast-forward 10 years and we’ve reached the point in crypto’s lifecycle where…
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Timeline of a Chargeback: The Merchant’s Guide to Processing Chargebacks
The timeline of a chargeback is a tricky one and tends to favor the customer. It involves all parties: customer, card issuer, credit card network, acquirer, and finally the merchant. Merchants who ignore chargebacks or fail to respond in time will lose revenue, increase their chargeback ratio, and take one step closer to account termination. For these reasons, chargeback management is a high-risk merchant’s best ally. Steps for Chargeback Processing There…
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Interchange fees could be changing. So, which is better for merchants: debit card or credit card processing?
The fast and easy answer is that debit cards cost less for merchants than credit cards. But that answer doesn’t include card type popularity or preference by consumers. That could be changing too, though, based on support for interchange fee adjustments for debit card use by the Justice Department. Understanding Interchange Fees To understand the importance of the proposed change to interchange fees regarding debit card purchases,…
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