Closing a merchant account is never a simple process. Providers such as Worldpay go out of their way to make it as difficult as possible in the hopes of discouraging you from terminating your business relationship with them. We’ve laid out the specific steps that you’ll need to follow to do so successfully.
In this article, we’ll discuss COVID surcharges and why some business owners around the country have implemented them. We’ll go over the likely response you’ll get from your customers if you choose this course of action (hint: it’s not positive). We’ll also give you several alternative strategies you can implement that will increase your incoming revenue without the need for a surcharge.
The processing industry is simply not the sort of place where you can expect everyone to be honest and treat you fairly. People in this business can and will take advantage of you – if you let them. Reading your contract before you sign up is your last line of defense against being stuck in a bad deal. Here are our best tips for reading and understanding your merchant contract.
How To Detect (And Prevent) Online Credit Card Fraud — And Why You Need A Solid Strategy To Manage Fraud For Your eCommerce Business To Succeed
It can be tempting to write off the occasional fraudulent transaction as the cost of doing business online, but the reality is that eCommerce sellers need to be proactive in detecting and preventing credit card fraud to protect their businesses.
Don’t Fall Into The Trap Of Leasing Credit Card Machines & Terminals: 4 Smart Alternatives For Getting Payment Processing Hardware
Payment processing hardware can be expensive. But when you’re ready to start shopping for credit card machines or terminals, you need to know the pitfalls and your best alternatives. And please, whatever you do, don’t lease.
If you want to sell online, you need more than a website. A payment gateway connects your payment processor to the internet and conveys the transaction information so you can get paid.
Merchant services is a broad term that encompasses pretty much any software or hardware a business owner uses to accept payments. We’ll show you how to compare merchant services & find the best option for your needs.
Why Tiered Pricing for Credit Card Processing Is The Most Expensive Option (And How To Avoid Overpaying)
Tiered pricing was supposed to simplify the costs of accepting credit cards but more often than not it’s an opportunity for processors to charge merchants more than they would pay with other pricing models. Here’s what you should know about tiered pricing and the best alternatives to it.
Wondering how to accept credit card payments without a merchant account? Learn what third-party payment processing is, and the pros & cons for small businesses.
Starting up a new business is never easy. In addition to the many other headaches you’ll have to deal with, you’ll need to find a reputable merchant services provider if you want to be able to accept credit and debit cards. If you’ve read any of our other articles about payment processing, you know that […]