With over 133 million active cards worldwide and an average annual spend of $23,500 per card, it’s no surprise that American Express has strict chargeback rules. For merchants trying to minimize losses and maintain a strong relationship with AMEX, managing these chargebacks is of crucial importance. Learn how AMEX chargebacks work and the best ways to handle them successfully. AMEX…
Most merchants accept the fact that payment processing comes with a cost. That said, when was the last time you took a closer look at your monthly invoice? If it’s been a while, you may discover that you’re significantly overpaying for this service. Payment processors can hide and inflate their fees in many ways, and not many merchants know what…
With the trucking industry adding a variety of new safety regulations, trucking companies that want to stay ahead must be prepared. Beyond simply being a regulatory requirement, driver safety is a major factor in the health of both your employees and your business. By prioritizing driver safety, you can lay the foundation for your trucking company to thrive. Want to…
According to McKinsey, digital platforms will mediate 30% of all global economic activity as early as next year. One force behind this trend is the increasing ability of these platforms to embed payments directly into their app or website. By eliminating the middleman (external payment gateways), digital platforms can now offer a more seamless customer experience. Want to learn a…
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…
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…
If you’re a small business owner, you likely have some passing resemblance with MOTO payments. These payments have been around for a while, and their original purpose was to serve as an alternative payment method for people who were unable to visit the physical store. Despite the rise in online shopping, MOTO payments remain in use today. Can your business…
In this digital age, accepting online payments safely should be a priority for any small business. Unfortunately, this isn’t the case, as evidenced by recent studies showing that 58% of customers fail to complete an online transaction due to security concerns. Since most small businesses are operating with lower margins, this can have a major effect on their bottom line.…
Every small business owner is always on the lookout for additional ways to save money and protect their business from fraud. One common strategy that can help you do that is to lower your credit card processing fees by utilizing level 2 and level 3 processing. If you’re not sure what these terms describe, read on to learn more about…
In July 2021, Colorado passed a new law that jettisoned its ban on credit card surcharges. Starting from July this year, merchants will be able to add fees to lease and sale transactions if the customer uses a credit or charge card. Contrary to popular opinion, though, the new law doesn’t create a free-for-all when it comes to surcharging. In…