As e-Commerce continues to enjoy explosive growth in the last few years, even more so during the pandemic, the need for processing credit and debit card payments becomes more of a necessity. This is especially true for high-risk businesses. However, if you think that a traditional bank or payment processor will gladly partner up with you to open a merchant...
According to The Pew Research Center, close to 30% of American adults have tried online dating platforms. It also found that this type of platform was preferred more by men than women. Online dating platforms are also more popular among singles in their 20s versus singles in their 60s. Almost half of those surveyed (48%) that tried online dating were...
Merchants that have been watching payment trends know that the world of e-Commerce, as they know it, is evolving rapidly. As the popularity of online shopping continues to soar, especially post-pandemic, there is no doubt that customers want a more seamless, digital payment experience. It was estimated that, in August 2021, there were well over 70 million blockchain wallet holders....
Although many merchants today will argue that chargebacks are part and parcel of running an online business, it is not something to tackle without some serious reinforcements. The negative repercussions are too great to not have a solid, strategic plan to mitigate them. Chargebacks are a substantial drain on a merchant’s finances. It is more effective to take a proactive...
Launched on September 7, 2006, The Payment Card Industry Data Security Standard or (PCI DSS) is a set of regulations that ensure that all businesses that process, store, or transmit credit card information, retain a secure environment. The PCI Security Standards Council (PCI SSC), an independent body that was established by Visa, Discover, Mastercard, American Express, and JCB, manages the...
An essential part of every e-Commerce establishment is the ability to process credit and debit card payments. If you happen to be a high-risk business, you simply cannot seek the services of a traditional merchant account. So where can a high-risk merchant turn to? A high-risk merchant account. Seeking the services of high-risk merchant account providers will be a worthy...
There is no doubt that we are now living in a digital age, where online transactions are not only the norm but a necessary component to running an online business. Convenience and speed of transactions are of the essence. By offering both benefits, online businesses have a better chance at not only surviving the online retail landscape but thriving as...
While many are looking forward to the holidays, taking a much-needed respite from the woes of the world, scammers are gearing up for a new holiday season of swindling. This year, the Better Business Bureau (BBB) has published what they call their “Naughty List” with the top scams that can catch shoppers off guard this holiday season. Social media platforms...
As the marketplace is becoming more digital, payment providers have the unique opportunity to tap into the minds of merchants in order to gain valuable feedback, significantly improving their product development. Merchants are currently faced with an onslaught of pressure from tech-savvy consumers, especially young “digital-first shoppers”, to provide smartphone electronic wallets. Acquirers have had to scramble to find ways...
Real-time payments or (RTP) has become the latest catchphrase in the payment industry. It’s growth in popularity is attributed to its ability to provide speed, safety, as well as convenience. RTP has a lot to offer. It makes funds available immediately, the settlement is finalized, there is an instant confirmation, and “integrated information flows”. All this is included with the...
