Your Credit Card Processing? With 80% of online shoppers using credit cards, you can’t afford NOT to take credit cards. Did you know that merchants offering credit cards as a payment option increase their profitability by estimated 50%? With the inherent advantages involving credit card…
Day: February 19, 2018
TMF MATCH List or Terminated Merchant File
Some lists you want to be on-like the VIP list. But the TMF is one list you don’t want to be on. We’ll talk about what this means for your business, how to avoid getting on the TMF list and what to do if you…
What are Non-Qualified Transactions and How Can Merchants Avoid Them
Non-Qualified Transactions Non-Qualified: I frequently get calls from merchants who say they were quoted one rate, but claim different rates are showing up on their statements. Unfortunately, merchants can experience a rate increase or surcharge because of the type of card your customers are using,…
Validating Credit Cards
Credit Cards Fraud Risks With fraud on the rise, online merchants face increasing risks. In card-not-present transactions, there are two basic levels of credit card validation used to validate that credit cards presented for payment actually belong to the person initiating the transaction. The first…
Merchant Services Affected by Financial Crisis
Credit Card Debt According to the Fox News, American’s total credit card debt has reached 1 Trillion– up 6 percent from a year ago and the highest ever recorded. This may sound like good news for the Acquirer industry but it may have a bad…