Why should a business owner worry about understanding merchant account rates? In today’s modern world, it’s nearly impossible to keep a business going if you don’t accept credit cards. People just don’t use cash that much anymore, and who carries around personal checks these days? When it comes to paying for items or services, it’s […]
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The credit card processing industry as a whole is evolving rapidly and for the better. Just a few years ago, getting a flat-rate merchant account or signing up for a subscription wasn’t even a thing. Over the last decade, the industry has begun to offer merchants more options for how to pay for their merchant […]
What is credit card surcharging? And is it the right move for your business model? The fact is, it costs money for merchants to accept credit cards as a form of payment. If you own a business that charges consumers for your products or services, you know this. But many consumers don’t really think about […]
Shopping Cart Abandonment DURING COVID-19 has declined. eCommerce conversion rates have increased. Shopping cart abandonment is always top of mind for eCommerce merchants. But a lot has changed in 2020. Everything about how we work, how we shop, and how we buy consumer goods is different from any time before. While many of the problems […]
Understand Your Credit Card Processing Statements In last week’s article, we described the various players involved with processing credit card payments for merchants. We also talked about what rates they charge you and whether you have any control over the fees. If you haven’t read it, you can do so right here. It’s a great […]
The credit card processing industry is made up of a web of banks, financial services, networks, software companies, and consumers. For every payment transaction completed, there are a half dozen players involved and charging you for their services. Understanding credit card processing fees and how they work can be confusing, especially if you’re not in […]
Understanding Merchant Account Processing Rates Businesses are always looking for the lowest credit card processing rates they can get. One can hardly blame them. It’s expensive to accept credit cards. At the same time, salesmen are eager to constantly sign new accounts and build their portfolio. Sometimes they even have monthly minimums they have to […]
Understand Credit Card Processing Rates – Watch Out for Hidden Fees and Sudden Changes I’m sure you’ve been there. You open your monthly credit card processing statement and almost faint when you see how much you’re being charged. Shocker! Your credit card processing company has raised your rates! Again. When did that happen? Likely there […]
Increasing E-Commerce Conversions on Your Online Store The coronavirus has undoubtedly fueled a massive shift in consumer shopping behavior, including increasing e-commerce conversions. More people are shopping online for more types of items than they ever have. Fueled by a more digital lifestyle, experts project that global e-retail sales will grow to $4.8 trillion by […]
PCI Compliance for E-Commerce Stores The world made drastic changes this year as a direct result of the Covid -19 crisis. As a result, people are working and shopping from home more than ever before – and PCI compliance for e-commerce stores is having it’s day in the sun. As a direct result of society’s […]