What is a Convenience Fee and Should You Charge One To Customers? The costs associated with accepting credit card transactions are constantly on the rise. Between the card networks raising interchange rates and processors using every trick in the book to increase...
Chargeback Time Limits For Cardholders and Merchants (Ultimate Guide) Last year the global payments ecosystem had over 238 million chargebacks. This number is expected to reach 337 million by 2026, which is a 42% increase in just three years. Studies also found...
What is Buy Now, Pay Later (BNPL) and How Does it Work? The concept of Buy Now Pay Later (BNPL) has been around for hundreds of years. It’s a simple way for people to purchase expensive items and pay for them over time on an installment plan. These early forms of...
What is an Aggregated Merchant Account? Finding the right payment processor that allows your business to accept card payments is one of the most important decisions you’ll make. But with so many options on the market, it can definitely be overwhelming to filter the...
Credit Card Surcharge Laws by State (2024) There’s a lot of misinformation and conflicting facts about surcharging laws in the United States. In an effort to clarify some of these questions, I’ve compiled the credit card surcharging laws in all 50 states—making it...
Visa Surcharging Rules Businesses accepting Visa cards pay a fee for each transaction. To offset those costs, some merchants impose a surcharge—which passes the processing fees to the customer. Sounds simple, right? Not so fast. Visa has its own surcharging rules....
Do You Need a Merchant Account For Shopify? Businesses typically need to have a merchant account to accept credit card payments. However, it’s possible to set up a Shopify store and accept card payments without a merchant account. Shopify users have the option to...
What is an Internet Merchant Account? Whether you’re starting a new ecommerce business from scratch or you’re expanding an existing retail operation to the web, you must be able to process credit card payments online. Internet merchant accounts make this...
Credit Card Decline Codes (2024) Declined credit cards are simply part of doing business. They’re even more prevalent for businesses that process a high volume of transactions—particularly in B2C environments. But not every credit card decline is the same. When a...
How Does Apple Pay Work? Understanding how Apple Pay works and how to use it is essential for consumers and businesses alike. Apple users get a quick and convenient way to pay for goods and services using their Apple devices, and merchants can broaden their payment...
