Tag: credit card 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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Need to Accept Credit Card Payments without a Merchant Account? Here’s How.
If you’re running a small business and need to accept credit card payments, the first step is usually to open a merchant account. But what if you can’t open one or don’t want to? There’s good news: you have options available. In fact, taking credit cards online is possible through a variety of services, which can…
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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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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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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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