Tag: chargebacks
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The Coronavirus Pandemic Can Affect Your Merchant Accounts
The Coronavirus outbreak is having an impact on the e-commerce industry and that means merchant accounts are affected too. With ongoing panic and chaos everywhere, online spending has increased as retail businesses brace for major losses. However, the idea that social distancing and staying home will boost online merchants only tells half the story. Online…
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Chargebacks: Why Americans Love Them & What Merchants Can Do About It
Any online merchant with sales in North America knows that US chargebacks are inevitable. It happens to so many successful companies. They have a cool product or service. They launch to great fanfare in the UK, EU and other foreign regions like Australia and New Zealand. However, when targeting the US consumer market, America poses…
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Multiple Merchant Accounts: Here’s What You Need to Know
Do you really need multiple merchant accounts? It may not be the first thought on the mind of entrepreneurs. But cashflow is one of the most common issues businesses face when starting out. Many early-stage high-risk merchants face payment processing limits which stifles potential growth. When those limits have maxed out, sales grind to a…
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Top Sneaky Ways Most Banks Jack Up Your Merchant Processing Fees (Without You Ever Realizing It)
So you got pre-approved to accept online credit card orders and are considering the merchant processing fees in your contract. One payment processor is offering you 1.95% and the other is offering 3.95%. Which one should you choose? The first processing statement often comes as a shock to most merchants that start accepting credit card…
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Machine Learning – The Best Defense Against Chargebacks
Machine learning has become an excellent line of defense for high-risk merchants tackling fraud and chargebacks. It was once reserved for the worlds of academia and supercomputing. Presently, its broad range of applications are gradually realized considering the operational costs of high-performance computing has decreased. This is particularly true in the payments world. Today, payment…
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