Category: Payment Processing
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Why Some Merchants Don’t Accept Certain Credit Cards
Credit cards are an essential part of doing business for a lot of companies, but accepting them doesn’t always come cheap. Some businesses avoid accepting certain card types altogether. When running an e-commerce business, though, accepting other payment types can get tricky. Credit cards run the world. So what should you do, as a business…
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Received “Issuer Declined MCC” Message? Here’s What It Means.
The message being displayed on your account reads: “Received issuer declined MCC. Please contact your gateway and/or acquirer.” What does this mean? Does it really matter? And why is it in all caps? We’ll break down what it means and what you can do to prevent it from happening again in the future. Remember, every…
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Why “Stripe EEA STEL Aggregation” Is Showing Up on Your Statement
Did you receive a charge on your credit card statement that stated, “Stripe EEA STEL Aggregation”? You aren’t alone. This charge isn’t nothing to be scared of—as long as you recently made a purchase that’s along the lines of the charged amount. It’s possible that you’ve recently noticed charges to your credit or debit card…
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PayPal Account Frozen—Is Your Bank Account Next?
We get a lot of messages from people in industries like coaching, health and beauty, adult, and dropshipping about their PayPal accounts being frozen. It’s a tough time for merchants when this happens. You can’t process payments from customers, you can’t access funds within your PayPal account, and you can’t fulfill orders. Essentially, your online…
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Stripe IPO, Disaster for Merchants
Stripe is thinking about going public, and I have an idea who the losers will be. The biggest losers of the Stripe IPO will be those who use the payment processing service. This is inevitable because Stripe has to look out for their short-term and long-term profitability by creating favorable conditions for institutional investors. If…
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