-
Understanding Credit Card Authorization
Cardholders ultimately give businesses credit card authorization to request funds from their accounts. Authorization requests start when cardholders key in, swipe or insert their debit or credit cards through traditional credit card readers or Virtual Terminals. After waiting three to 22 seconds, depending on the business’s card reader speed, the transaction will either be approved or declined.
Ursula Librizzi
READ MORE
-
4 Tactics to Increase Your E-Commerce Conversion Rate
If you sell products or services on your website, there’s probably one question that’s always at the forefront of your mind: “How can I get more people to buy my products?”
Sam Bocetta
READ MORE
-
How Swiping an EMV Card Cost One Business $5,368
The 2015 liability shift transferred the financial responsibility for chargebacks resulting from incorrectly processed EMV transactions away from the card brands and onto businesses. Although this shift occurred a few years ago, many businesses still use non-certified EMV terminals or rely on outdated swipers due to cost constraints, antiquated providers and lack of pressure to adopt new technology.
Christina Lavingia
READ MORE
-
The True Cost of Paper Checks
Estimates suggest your business could be spending $24,540 annually just processing paper checks.
Ursula Librizzi
READ MORE
-
EMV Liability Shift: Explained
The EMV liability shift refers to the 2015 transfer of responsibility for fraudulent losses from the card brands to businesses in cases when the fraud occurred on an incorrectly processed chip card.
Christina Lavingia
READ MORE
-
How to Calculate Your Credit Card Processing Effective Rate
When a business is considering taking credit card payments, there are several questions that should be answered before they select a partner, including the following:
Casey Russell
READ MORE