Do you pay enough attention to chargebacks and know precisely what an acceptable chargeback ratio is? Do you know how to calculate the chargeback ratio? Answering these questions is very important because an increase in this number of payments will negatively impact your entire business and bottom line. In this article, we will talk about […]
One of the most vital challenges that arise in the process of doing business is accepting payments. The ability to make payments quickly and conveniently is one of the parameters that increase conversion. Statistics show that, among other things, over 20% of users who did not complete a purchase did so because of a too […]
The credit card pre-authorization hold is a very effective tool that protects merchants from serious financial loss in situations that happen to almost all of us. If you are still unfamiliar with the credit card authorization hold meaning, imagine a simple situation. You own a hotel, and a young man checks into one of your […]
Which is better, a credit card or a debit card? And in general, is there any difference between them? After all, they are issued the same plastic, each card has a hexadecimal number. To withdraw money or pay for purchases with the card, you must enter a four-digit code. Yes, it is true. However, in […]
When customer pays for goods or services with a debit or credit card, but the payment is rejected, this is not good news for the seller. Why is this happening? After all, the rejection of the card is solely the client’s problem. Unfortunately for companies, no. Frequently, many customers simply have no alternative but to […]
Shopify is a global online commerce platform that allows anyone to create their own marketplace to sell products online. The platform has a variety of pricing plans to suit businesses of all sizes. Shopify’s bespoke approach allows you to customize your eCommerce store based on the requirements of a specific business. Shopify owes its popularity […]
Understanding the online payments ecosystem is an important part of a business. Whether you’re looking for alternative payment methods or just starting your entrepreneurial journey, choosing the right payment provider can save you thousands of dollars. Therefore, it is important to understand all the benefits and risks that can come with working with a payment […]
With the vast number of payment processing methods available, companies increasingly tend to find ways to accept credit card payments. In relation to that, a growing number of companies help to set up payment processing on websites in the most optimal way. Thus, it is important for any business industry to correctly define a payment […]