In today’s world of e-commerce, few things are as annoying to businesses as chargebacks. On top of creating lost revenue, chargebacks consume valuable time and can easily damage a company’s reputation. High chargeback ratios can also lead to higher processing fees and, in some cases, prevent you from accepting credit cards altogether. The best way to protect your business from…
For a business owner, few things are as important as offering seamless payment processing. Unfortunately, this is easier said than done. In today’s payment business landscape, customer expectations are constantly evolving, making it harder to analyze your payment processing performance. This is particularly noticeable if you aren’t sure which KPIs to track. Well, that’s why we’re here! Here are four…
In recent years, the integration of new technology has been a major factor in the trucking industry. For a popular example, look no further than cameras on heavy-duty trucks. Thanks to the latest smart camera technology, truckers can gain new insights, capture more angles, and derive more operational value from video than ever. Why are smart cameras such a hit…
Credit card fraud is a growing menace, with global losses reaching a staggering $28.65 billion in 2021. This article equips you with the knowledge to combat this threat, safeguard your business, and prevent costly chargebacks. Fraudulent Felons: Unveiling the Perpetrators Credit card fraudsters employ various tactics. Here are the most common ones: Vulnerability Check: Businesses Most at Risk Certain businesses…
In February 2024, the U.S. Securities and Exchange Commission (SEC) adopted new disclosure rules regarding cybersecurity. Despite being designed for the benefit of public companies, these rules also affect trucking companies that do business with public firms. Why is this the case? Simple: trucking companies’ computer networks are often linked with networks of their public company customers. As a result,…
In the past decade, there’s been a notable growth in credit and debit card transactions worldwide. By 2021, 65% of Americans (about 168 million people) used credit cards. As a result, merchants today simply can’t afford not to accept credit card payments. The question is: which credit card payment solutions should you opt for? In this article, we’ll go over…
These days, being a good business owner requires a thorough understanding of credit card processing fees. If you’re not sure what’s the difference between flat rates and interchange plus rates, for example, there’s a decent chance you’re losing money on every transaction. Want to ensure you’ll maximize your savings on payment fees? Here’s what makes the above two pricing models…
At MONA we take pride in our partnership with PIA and are honored to have been featured in their latest article. Here’s what they had to say about their latest experience with our team: MONA Payment Solutions, a merchant services and credit card processing company, has been a PIA Partner since 2018. During this time we’ve used them for our…
Thanks to the wonders of the internet, it’s never been easier to sell your products or services to people across the globe. As nice as this opportunity is, however, it comes with some drawbacks. One of them is the cross-border fee, which is a fee you pay every time your business sells something to a customer who is using a…
Thanks to the constant digital advancements, making payments has never been easier. Instead of having to search for the closest ATM or scrounging for loose change, all we need to do is tap our credit card at the point of sale. Even at this level of convenience, though, there’s still a sense that things could be even easier, safer, and…