Our merchants are important to us- that’s why we go out of our way to educate and inform them on the ins and outs of the payment processing industry. We understand merchant services can be a confusing space for new businesses (and old companies too!). So please continue reading for an insightful blog on the industries we serve best.
Posted: by Bronte
Today, card payments continue to rapidly replace cash-spending as online shopping becomes more commonplace and credit card benefits become increasingly enticing. For this reason, suspecting fraud risks in your small business is increasingly becoming very common. While consumers are usually affected by some forms of fraud, such as stealing identities or copying credit card data, […]
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Posted: by Allison
Each of the 8 common elements of fraud can leave a lasting impact on a business owner’s credibility and revenue. Vendors don’t just lose profits on their products or services, either. They must pay hefty chargeback and banking fees too. A 2016 study conducted by LexisNexis found that every dollar from a fraudulent transaction cost […]
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Posted: by Allison
If your small business accepts credit cards from customers and vendors, chargebacks can drastically impact your profitability. When a cardholder asks their processing bank to reverse a charge, it leaves your business financially liable for the transaction. Even if you’ve rendered services or delivered products, money can be withdrawn from your merchant account. This can […]
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Posted: by Bronte
There has been a surge in online shopping since ecommerce merchants have become more common in everyday life. And while online payment processing is essential to accessible shopping, online and anonymous shopping capabilities have also caused a spike in ecommerce fraud. Also called online retail fraud, ecommerce fraud occurs when online purchases are made through fraudulent […]
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Posted: by Bronte
When owning a business, accepting payments is important, but protecting those payments from credit card chargebacks is essential. Unfortunately, when enabling credit card payments, you are at a higher risk, than cash or debit, for chargebacks. This is why optimizing for chargeback protection is important and reflects on the health of your business. Learn how […]
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