Category: Payment Processing
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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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Shopify Account Suspended: How to Recover
Your business is like a living creature. Your payment processor is the heart that keeps it alive. So when Shopify Payments suspends your account, it’s like going into cardiac arrest—you need to resuscitate ASAP. Here’s a quick outline of what to do to keep your business alive when your Shopify account is suspended. Start your…
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Is your business type restricted from using Stripe?
Stripe Restricted Businesses – Are You on the List? Stripe maintains a list of business categories that they are unable to serve due to various legal, regulatory, and risk-related reasons. Stripe is a payment aggregator, so the company is unable or unwilling to support certain business models. For current and potential Stripe users, the information…
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What Is a Digital Wallet and How Does It Work?
It’s an exciting time to be in the world of commerce, isn’t it? We’re witnessing a seismic shift in the way people pay for goods and services, and it’s all thanks to the meteoric rise of digital wallets. Gone are the days when customers had to fumble through their physical wallets, searching for the right…
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The Rise of Digital Tipping: Best Practices for Tipping Platforms and Content Creators
As more and more businesses move their operations online, the concept of digital tipping has gained momentum, transforming the way customers show their appreciation for quality service. Gone are the days when cash was king; today, customers prefer the convenience and flexibility of cashless tipping options. For online merchants and creators, embracing digital tipping can…
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