Category: FAQ FRIDAYS
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FAQ Friday: What to Do If Stripe Is Holding Funds or Terminates Your Account
The panic-stricken, adrenaline-induced frenzy of researching solutions about what to do when Stripe holds funds—or worse, terminates your account—has been performed by countless merchants. If that’s any reason to relax a little then take it, because it means there is a solution. In fact, there are solutions to cover every aspect of this type of…
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FAQ Friday – Understanding Fees Part 2: Payment Processing Fees
As a high-risk merchant, your monthly statements will undoubtedly contain more fees than low-risk merchants. You can negotiate those fees down to zero (in some cases), while others remain fixed for the lifetime of your account. Payment processing fees fall into both categories. Just like in the first part of this series where we informed you…
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FAQ Friday-Part 2: Risks VS Benefits for Private Label and Drop Ship Supplement Models
In our last Friday FAQ we covered the fulfillment process and strategies for your nutritional supplements, anti-aging skincare products, and wellness products. You can watch an interview I did with Malcolm Mckinnins here about Fulfillment Strategies to Attract Customers. This week I’m going to cover the differences between dropshipping and private labeling dietary supplement products. In…
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FAQ Friday: Stripe Stops Processing Payments for Trump Campaign, Is My High-Risk Business Next?
In what has been a tumultuous few weeks in the US, there is a story developing that isn’t getting as much attention as it perhaps should. In the midst of record coronavirus pandemic-related deaths, social media expulsions, and impeachment debates, not much reporting has been undertaken on Stripe’s actions. Their decision (which was later matched…
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FAQ Fridays: Improve Customer Service To Lower Chargebacks
Q: I have a nutra site that sells mainly immunity supplements. Since Covid, we’ve had a huge uptick in sales that is not slowing down. I’ve noticed much larger bills for our monthly customer service costs. I outsource my customer service to an external call centre. The call centre is opened 24 hours so my…
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