Seven Ways to Lower Your Monthly Processing Costs
The holiday season is here and a lot of our merchants will be processing more transactions and higher volume. One of the easiest ways to reduce processing expenses is to process your business’ transactions correctly. Here are a few small steps that could save your business big this holiday season.
Every Merchant needs to be PCI Compliant — Even You
Being able to accept credit card payments is very enticing to merchants, whether it’s a local corner store business or a nationwide big-box retailer. By accepting electronic payments, however, a retailer is also taking responsibility for the protection of sensitive cardholder information. While protecting credit card information may sound intimidating, there is a systematic approach in place for merchants to increase their security: the Payment Card Industry Data Security Standard, or PCI DSS for short.
An Introduction to Chargebacks, Part II: Fighting a Chargeback
Even businesses with the most proactive security policies in place can fall prey to chargebacks, especially e-commerce merchants. A strong documentation policy, proper display of terms and conditions, and impeccable customer service can limit most chargebacks – but not all. While the burden of proof lies upon the merchant in most cases, it is not impossible to win a dispute. There are some methods that may lessen the frequency of a chargeback occurring and minimize time spent handling those that do occur.
An Introduction to Chargebacks, Part I: Chargebacks and How to Prevent Them
In the ever-growing and ever-changing credit card processing industry, keeping merchants up-to-date about business security and fraud is a major priority. As explained in our previous security articles, cyber criminals and data thieves cost businesses millions each year. But there is another threat to your business that is discussed less frequently, yet is as damaging as any data breach: the chargeback.