Studies show that almost 70% of online shoppers tend to abandon their carts, leading to $18 billion in lost revenue in a year. Most shoppers abandon carts due to hidden fees or being asked to create an account, but another common reason lies in their preferred payment method not being available. This is where omnichannel payment processing comes in. Want…
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…
With millions of malware and phishing attacks reported in the world on a daily basis, many businesses are looking into ways to improve their digital payment security. One such technology that has made waves is called 3D Secure, a protocol designed to act as an additional security layer on online credit and debit transactions. Not sure whether you should invest…
Does your business process debit card transactions? If the answer is yes, you likely know that your debit card processing fees can differ based on your processing method. In most cases, the main difference comes down to whether you allow signature debit or PIN debit cards. Read on to learn more about signature vs. PIN debit and how they impact…
If you’re a retail business looking to accept card-present transactions, the very first thing you’ll need is a credit card machine. Though these devices tend to be fairly basic, there are still a few options you’ll need to consider if you want to find the right fit for your needs. Here are the three main factors that may influence your…
Start by creating a payment security strategy that features these three security measures.