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Christina Lavingia

How Refunds Impact Credit Card Processing Fees

Unless you have a no-returns policy, refunds are unavoidable. Even if your goods are in pristine condition, a change of heart can be enough to reverse a purchase decision.
Christina Lavingia 5/4/2017 READ MORE
What Is a Monthly Minimum Fee?

It’s said there’s no such thing as a free lunch, and the adage definitely holds true for the payments space. Whenever a service is rendered, it generally comes at a cost, which is why Merchant Account Providers charge monthly minimum fees.
Christina Lavingia 5/2/2017 READ MORE
6 Green Technologies to Go Paperless at the Workplace

Green technology has experienced an undeniable uptick over the last decade. Investments in renewable energy reached $286 billion globally in 2016 and accounted for over half of all added power generated. Smart homes are catching on, enabling homeowners to be more energy efficient and Tesla, Inc. stock is enjoying a lofty price of $305.30 a share.
Christina Lavingia 4/25/2017 READ MORE
Veterinary Software Streamlined Payments for Animal Specialty Group

Picture this: Piles of paper receipts stored in boxes, walled off behind storage unit doors, meticulously organized yet barely protected. This expensive and tedious plight is a reality for businesses in nearly all sectors, because receipts are the best defense in the event of a chargeback. That said, a paper receipt is useless if it’s faded, damaged or lost.
Christina Lavingia 4/20/2017 READ MORE
AVS Downgrades Increase Your Fees

Address Verification System (AVS) is a common fraud-prevention measure for card-not-present transactions. AVS checks that the purchaser is in fact the cardholder by requesting the address and ZIP code for the card and comparing it to the bank’s records. Presumably, a fraudster would not know this information and would be prevented from making an e-commerce or over-the-phone purchase.
Christina Lavingia 4/4/2017 READ MORE
Amex OptBlue vs. Amex Direct

Why don’t businesses accept American Express as commonly as Visa and MasterCard? Traditionally, a huge profit driver for Amex was its high Flat-rate processing, making it more expensive and less appealing to businesses. True to form, Amex also operated a bit differently than Visa and MasterCard when it came to the configuration of its merchant accounts until now.
Christina Lavingia 3/28/2017 READ MORE