Remember those bright strange signs marking vehicles transporting chemicals by road? Or those movies with guys, whose faces you cannot see, because they are wearing hermetic protective suits? How they are carefully holding strange tubes with some shiny substances? Or special cases marked with red cross containing human organs for transplantation? Surely, you’ve seen one in the final scene of “The Real McCoy”, haven’t you? Now imagine being halted by a...
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Does your processor support all the technical features you need?
Many payment industry players, including merchants, ordinary and wholesale independent sales organizations (ISOs), payment facilitators, and payment service providers (PSPs) are not satisfied by their payment processing relationships, because their current processors do not support some particular technical features they need and are unwilling to implement the necessary logic. Besides transaction processing cost, technical features are an important criterion of payment processing partner selection. Specific factors include ease of integration with...
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3 Steps to Lower Your Processing Costs
“So, how much are you paying for transaction processing?” I once asked a friend of mine who owned a small retail store. According to his words, he was paying only 2.5%. But when we looked through his merchant statements, it turned out he was actually paying 5.8%. Quite a difference, isn’t it? Was that merchant so ignorant? Well, yes and no; the truth is, some people simply do not read their...
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What is the Best Payment Gateway For Payment Facilitators?
Is it time to become a payment facilitator and make more money on payment processing? This is a question which many companies are asking themselves every day. Is your company one of them? Maybe, you have already considered the prospect of becoming a PayFac, and answered the question affirmatively. The biggest challenge about becoming a PayFac is, perhaps, finding the proper technology. We can bet, many of you did experience...
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Considering Recurring Billing Solution Features, Needs And Models
There are several ways to approach recurring billing – and your company must make the right choice for success. Taking into consideration what type of recurring billing your company needs to support, you need to make sure the solution you choose matches your way of doing business. When deciding on a recurring billing solution, consider: Ease of payment plan setup through the user interface or API Ease of adjusting existing payment plans, including...
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VR and AR: What Do These Terms Mean? And Are Shoppers Ready?
Virtual reality and augmented reality are perhaps the next big revolution coming to the retail industry. Not since online shopping changed the face of retail has something this important and this market-changing come along. But what are VR and AR – and are shoppers ready for these new ways to shop? Online shopping hasn’t evolved much in recent years – except that it works better than ever because of faster Internet...
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Key Factors To Consider When Creating An E-Commerce Marketplace
There’s more to starting an online business or taking an existing business into the digital marketplace than throwing up a website and hoping someone buys something. A successful e-commerce marketplace sells compelling products, is based on the best possible choice of ecommerce platforms and responds quickly to every customer service concern or inquiry. People are willing to buy just about anything from an ecommerce website these days – if it seems...
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What Services Should You Look For In A Payment Gateway API?
When choosing a payment gateway API for credit card processing and online payment services, it makes sense to choose payment software that perfectly matches your business needs. There may be no perfect payment gateway API, however there’s surely a company that lines up with your needs better than other choices. Take a look at the API developed by the payment processor you’re considering and see what’s available that will work...
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How To Protect Your Business From Credit Card Fraud
Credit card fraud protection must be a top concern of any business. While fraudsters often make a full-time job of finding opportunities to take advantage of you and your customers, you have other business to deal with. That’s why it’s essential that you have fraud detection software and other machine-driven methods of fraud protection in place. When combined with a little human interaction, you can close most vulnerabilities. Dealing with card-not-present...
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Choosing Mobile vs. Traditional Credit Card Processing
Once a business decides that it needs or wants to accept credit cards, it must decide how to make that happen. Choosing the right credit card processing system for business transactions is essential for success. Location is the most important factor in deciding whether you should choose mobile credit card processing or a traditional setup with a point of sale terminal. You want to be able to conduct business as easily...
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The Rise Of Cryptocurrencies, Including Bitcoin And More
The financial world is being revolutionized in some ways by cryptocurrencies – and baffled by them in others. It's hard to find good information about cryptocurrencies like Bitcoin and how they will change credit card payment processing and other services provided by payment gateway providers. The best merchant services are designed in recent years and created with Bitcoin and similar cryptocurrencies in mind. For those wanting to buy Bitcoin with a credit...
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Biometrics: What Challenges Stand In The Way Of Biometric Payments?
Biometric payments are a wave of the future that's already here in many ways. But what challenges stand in the way of greater use of biometrics in the payment industry? And will we soon all be using fingerprint security and other forms of biometric authentication when we pay? If you're developing or seeking a secure payment gateway for your company, biometrics are something you can't afford to overlook. Advances are being made...
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How To Make The Payment Process Easier For Online Customers
One of the best ways to increase conversions and sales is to make it easy for your customers to pay. But how can you make the payment process easier for your online customers? It starts with choosing the right payment processor for your ecommerce website. The right payment service provider can offer you well-designed checkout pages and seamless integration that will impress you as much as it impresses your customers. Online...
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Difference Between A Merchant Account And A Payment Gateway
Are you trying to get your head around all the terms related to online credit card processing and online payment processing? If you're wondering what the difference is between a merchant account and a payment gateway, we can help you with that. First the short answer: A merchant account is a bank account that accepts your company's online payments and holds the money. A payment gateway is a provider of the...
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How To Choose The Right Terminal Solution
Choosing the right credit card terminals is essential to the smooth operation of your business. A good retail POS system means your business is ready for the challenges of today and tomorrow. Payment terminals vary widely, however, and software for point of sale isn't all the same either. A retail POS system is an investment in your business success. Because payments are evolving, choices that made sense in the past may...
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