There are several important steps to setting up a merchant account for ecommerce. As an ecommerce merchant, it's best to understand these steps before you get started with the process. In theory, ecommerce merchant accounts should be relatively simple and…
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…