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Merchant Statements
Although the card brands have recently revised their requirements around signature authorization, signatures are still the best defense in the event of a chargeback dispute as long as you’re properly processing your payments. Additionally, there are numerous instances when businesses require non-payment signatures from customers. These include terms and conditions, disclosures, disclaimers, liability waivers, privacy agreements, HIPAA agreements, warranties, etc. In the medical industry alone, this can amount to dozens of forms related to billing, on-boarding, consent, prescriptions, lab reports and care agreements that must be physically stored or scanned and stored online.
READ MOREYou integrate a credit card processing API to enhance the functionality of your software system. In turn, your business and customers enjoy residual benefits. For your business, you save time and money you would have spent building a payment function from scratch and going through the process of PCI certification. For your customers, it eliminates the need to search for payment services and provides a streamlined workflow for collecting payments and utilizing your software.
READ MOREThe adage, ‘Don’t reinvent the wheel’ is simple. If the work has already been done, don’t waste your time duplicating it. That very idea is the core reason why APIs are so successful today. Many software companies are very good at what they do, and offer APIs so other companies don’t have to replicate the same work.
READ MOREBuilding business-to-business software and point of sale systems isn’t easy. You build, then refine, then re-build, then refine again ... and again. Finally, you have a worthy product that’s ready for use, except for one small detail: your customers are businesses and they need to accept payments.
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