Until recently, Visa refunds occurred offline. What does that mean, exactly? Well, when you issued a customer a refund, it would occur with, presumably, no issues. An offline refund isn’t authorized right away, so as a business issuing the refund, you don’t know whether it successfully refunded until later, when you settled your transactions for the day. Similarly, from the cardholder’s perspective, he wouldn’t know whether he successfully received a refund or not until later. As of October 2019, all businesses in the United States (as well as Canada) must issue Visa refunds online. How Do…
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Selling online is becoming an important business strategy, for both businesses born in the e-commerce era and brick-and-mortar businesses looking to grow their customer base and sales volume. But those who do not have experience accepting customer payments online may be wondering about the ins and outs of processing e-commerce payments. As with brick-and-mortar transactions, e-commerce payment processing requires a merchant account that allows you to receive credit card and debit card payments for your goods and services. While getting an online merchant account is technically no different from setting up a merchant account for a brick-and-mortar store (or might…
The right credit card terminal will help you achieve lower rates and protect your business from fraud. It would be silly to opt against using one if you take in-person transactions, so the vast majority of business owners do. Unfortunately, some unethical Merchant Account Providers take advantage of this must-have mentality and lock businesses in with lengthy, expensive leases for credit card terminals. 3 Reasons to Avoid Credit Card Machine Leasing Companies We've identified three major problems with terminal leasing for your merchant credit card processing: Credit card machine leasing companies falsely advertise this option as cost-effective. Unethical providers offer…
Are you just starting to research merchant processing for your business? Are you looking to improve your current setup? Either way, we’ve got the tips and tricks to take your business to the next level. Follow these three tips to master your own merchant processing: Choose a flexible merchant processing provider. There’s nothing worse than having little to no control over what you get from your processing. Choosing a flexible provider can do a lot for your business. Some Merchant Service Providers lock customers into lengthy contracts with costly early-termination fees to ensure continued business. A flexible provider…
Boutique style medical practices are becoming more and more popular. As costs increase and technology advances, it only makes sense that patients want a more unique experience with their doctors. While patient payment trends point to an increased preference in digital correspondence rather than in-person, it only makes sense for more practices to break into e-commerce to meet patient expectations. Below, we outline four tasks practices should absolutely complete in order to break into e-commerce. Register With LegitScript or NABP A pharmacy, where medicinal drugs are dispensed and sold, can also take place online. While e-commerce for medical practices can…