Archive for April 2018
Three Tips To Increase Customer Retention
Many companies are looking for ways to increase customer retention and keep their customers coming back, and unless you are running a monopoly, then practically the only way to do that is by increasing customer loyalty. Customer loyalty translates into repeat business, and the increase of opportunities through word of mouth. Let’s take a look…
Read MoreWhen is it Time To Open a Merchant Account
It is fairly easy to start accepting credit cards. All you have to do is open a merchant account, set up the processing equipment, and you’re pretty much set. However, very small businesses, and businesses that are just starting out have several factors to take into consideration before they start accepting credit card payments. When…
Read MoreCombatting Payment Fraud
There are always risks associated with doing business online. From hacking, to data theft and payment fraud, businesses have to be careful, and protect themselves against liability and losses. Luckily, there are numerous tools and techniques out there that help increase security. When it comes to payment fraud in particular, credit card issuers and merchant…
Read MoreThe Seamless Checkout Experience
A seamless checkout experience is a key driver of your business’s success. People live their lives in such a rush these days. There seems to be so much to do, and people are always surging towards the next thing. That’s why speed and efficiency are so valued by customers. If you are known for quick,…
Read MoreWhat Are Interchange and Processor Fees?
Many businesses hesitate to open a merchant account and start processing credit card payments, because they are wary of the interchange and processor fees that may be involved. It also does not help that some merchant service providers can have a labyrinthine fee system that’s hard to understand. This short guide will explain the major…
Read MorePayment Processing
The term ‘payment processing’ may sound complex and intimidating. On the surface, it simply describes customers using credit cards or debit cards to pay for something. But the process itself – even though it only takes a few seconds – is intricate and complicated. Let’s start by looking at some of the terms involved. Issuing…
Read MoreHow AVS and CVV Filter Fruad
AVS and CVV are excellent fraud filters. When accepting credit cards, there is always the risk of encountering a fraudulent transaction. In fact, sometimes businesses will have to take a revenue loss due to chargebacks, some of which will be fraudulent. In order to prevent this, there are two major tools available: AVS and CVV.…
Read MoreHow to Reduce Chargebacks
Credit cards offer customers a quick and easy way to pay for goods and services. If you’ve ever searched your pockets for cash and can’t quite remember what you spent it on, then you’ll understand why some consumers love the transparency of credit cards. At any time, they can check their card statement and know…
Read MoreCredit Cards are the Currency of Convenience
Running a business is all about making customers happy, and providing the goods and services that they need. A large part of this is letting customers pay through the method that is most convenient for them. These days, credit cards are the best option for many consumers. Customers feel more secure and appreciate that they…
Read MoreIs Cash or Credit Card Best for My Small Business?
Most businesses start off by accepting only cash as payment, in part because they are intimidated by the credit card application process. However, this can be a significant bottleneck for a business’s revenue. Credit cards are easier than ever to apply for, and they are quickly overtaking cash as the payment method of choice for…
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