Basically, a chargeback is a transaction in reverse, started by the cardholder's bank. As opposed to placing funds into your merchant account, it takes them out. You need to pay a fee for each chargeback, in addition, if you get…
If you've ever applied for a merchant account you may have been asked to provide credit card processing history. Acquiring banks ask for processing history to get an idea of how your e-commerce business has performed recently, in terms of…
For the last several years, there has been substantial growth in e-commerce. In response, the European Union is amending its regulations surrounding it. As a result, the PSD2 (Payment Services Directive 2) has replaced the original Payment Services Directive. PSD2…
Take a traditional paper check, turn it into the electronic version, and you have an eCheck! Funds from the customer's bank account are taken electronically and deposited into the merchant's account, or to an eCheck payment service provider which then…
Credit card fraud is still a major problem in this world. Merchants who accept credit cards must deal with this reality every day. The Nilson Report released the results of a study which showed that by 2020, credit card fraud…
SEPA, or Single Euro Payments Area, is a program initiated by the European Commission. It provides a standard to process bank payments in member countries. Basically, all euro payments both national and cross-border will be considered domestic, irrespective of the…
If you have a startup business that is beginning to grow, you should consider how to apply for a merchant account so that you can accept credit & debit card payments. However, there are a few things that you need…
As a business owner, you've probably never heard the term high risk merchant account. You will never hear this term until a merchant provider tells you your business is high risk. It might seem like this sort of judgement is…
Are you looking for a CBD merchant account, or looking for a better deal for CBD processing? Most states now allow CBD products for sale, including oils, isolates, wax, crystals and capsules. You may be in for a few surprises…
Starting any business is a daunting task, and e-commerce businesses are no different in this respect. As a new business you haven't built up the trust and the track record that would help you develop relationships with business partners, and…