Payment Card Decline Recycling
Credit card declines and dealing with them can be real problems for every business that deals with recurring payments processing. Generally speaking, credit card declines can occur for various reasons such as insufficient funds, “account closed,” and the like. In these cases, payments cannot be processed, therefore the transaction is declined by the payment gateway, processor, or bank. Of course, this can have a detrimental effect on merchants as many customers...
Read more…
Credit card declines and dealing with them can be real problems for every business that deals with recurring payments processing. Generally speaking, credit card declines can occur for various reasons such as insufficient funds, “account closed,” and the like. In these cases, payments cannot be processed, therefore the transaction is declined by the payment gateway, processor, or bank. Of course, this can have a detrimental effect on merchants as many customers...
Read more…
Why Batch Processing is So Crucial for Businesses
Most subscription-based businesses and SaaS companies typically face similar difficulties when processing large transaction volumes. Large volume transaction processing challenges cause many business owners to start searching for automated batch processing options. They are sure this functionality can make their clients' billing experience faster, easier, and more secure. Batch Processing is the best way to overcome hurdles in bulk transaction processing for businesses. This option allows for the smooth processing of...
Read more…
Most subscription-based businesses and SaaS companies typically face similar difficulties when processing large transaction volumes. Large volume transaction processing challenges cause many business owners to start searching for automated batch processing options. They are sure this functionality can make their clients' billing experience faster, easier, and more secure. Batch Processing is the best way to overcome hurdles in bulk transaction processing for businesses. This option allows for the smooth processing of...
Read more…
Why it is So Important to Know How a Hosted Payment Page Works
A hosted payment page is a form located outside of the merchant's website, where customers are redirected to make a transaction while paying for goods or services. We are convinced that every merchant should be fully aware of how a hosted payment page work. Nevertheless, if merchants prefer to outsource most of the technical payment processes to professionals. Since entrusting all security standards and PCI liability for transaction processing on the...
Read more…
A hosted payment page is a form located outside of the merchant's website, where customers are redirected to make a transaction while paying for goods or services. We are convinced that every merchant should be fully aware of how a hosted payment page work. Nevertheless, if merchants prefer to outsource most of the technical payment processes to professionals. Since entrusting all security standards and PCI liability for transaction processing on the...
Read more…
What is Recurring Billing Software, and For What Businesses is it Best Suited?
Is your business relates to the subscription-based or SaaS models? If so, you should seriously consider implementing recurring billing software. This approach will definitely improve your business's billing efficiency and the security of your payment gateway technology. You probably have questions along the lines of, “What other types of businesses can benefit from automated recurring billing?” In actuality, this model can be used by any business offering its services on...
Read more…
Is your business relates to the subscription-based or SaaS models? If so, you should seriously consider implementing recurring billing software. This approach will definitely improve your business's billing efficiency and the security of your payment gateway technology. You probably have questions along the lines of, “What other types of businesses can benefit from automated recurring billing?” In actuality, this model can be used by any business offering its services on...
Read more…
What Payment Tokenization Is and How it Works
If you are somehow related to the payments industry, you may have heard about payment tokenization many times. But do you actually know much about its function and what this payment gateway option is for? The first thing to know about tokenization is that it is a must-have for payments and payment gateways today. Tokenization serves to protect merchants' and cardholders' sensitive data from fraud or data breaches. The process of...
Read more…
If you are somehow related to the payments industry, you may have heard about payment tokenization many times. But do you actually know much about its function and what this payment gateway option is for? The first thing to know about tokenization is that it is a must-have for payments and payment gateways today. Tokenization serves to protect merchants' and cardholders' sensitive data from fraud or data breaches. The process of...
Read more…
How Merchant Onboarding Works and How to Improve It
It’s not big news that developing businesses seek to have as many new, high-quality merchants. But how to make merchants sign up for payment processing services? To do so, businesses need a best-in-class payment gateway operating seamlessly and allowing to add new merchants constantly to the payment system. Providing payment gateway services with a merchant onboarding option is the key to success for any payment industry player. Among these players...
Read more…
It’s not big news that developing businesses seek to have as many new, high-quality merchants. But how to make merchants sign up for payment processing services? To do so, businesses need a best-in-class payment gateway operating seamlessly and allowing to add new merchants constantly to the payment system. Providing payment gateway services with a merchant onboarding option is the key to success for any payment industry player. Among these players...
Read more…
What Is A Payment Gateway?
Many businesses have a misconception about payment gateway and their primary functions. Many merchants believe that owning a payment gateway is just like having a mobile application, meaning that it should work as soon as they acquire it. In most cases, businesses don’t know that a payment technology only facilitates a payment transaction between the merchant, or point-of-sale, and the merchant’s bank (the acquirer. Therefore, it must be connected to their...
Read more…
Many businesses have a misconception about payment gateway and their primary functions. Many merchants believe that owning a payment gateway is just like having a mobile application, meaning that it should work as soon as they acquire it. In most cases, businesses don’t know that a payment technology only facilitates a payment transaction between the merchant, or point-of-sale, and the merchant’s bank (the acquirer. Therefore, it must be connected to their...
Read more…
How Payments Work
Typically, neither merchants nor their customers need to gain in-depth knowledge of the bankcard system and its operational process. They rely entirely on banks and credit card processors to manage transactions and the payments lifecycle. But, why not have a better understanding of how payments work and how transactions occur? Knowledge in this field can help businesses identify the best processing solution to fit their needs. And developers can evaluate their...
Read more…
Typically, neither merchants nor their customers need to gain in-depth knowledge of the bankcard system and its operational process. They rely entirely on banks and credit card processors to manage transactions and the payments lifecycle. But, why not have a better understanding of how payments work and how transactions occur? Knowledge in this field can help businesses identify the best processing solution to fit their needs. And developers can evaluate their...
Read more…
Choosing a Payment Gateway for Investment Companies
Choosing a payment gateway to accept credit card transactions is not a problem for just startups and middle-sized businesses. Investment companies often also arrive at the idea of unifying all of the companies within their portfolio with one powerful and robust payment platform. From this point, the lengthy search for a unified payment gateway begins. As a result, very few investment companies manage to integrate the solutions they need. More...
Read more…
Choosing a payment gateway to accept credit card transactions is not a problem for just startups and middle-sized businesses. Investment companies often also arrive at the idea of unifying all of the companies within their portfolio with one powerful and robust payment platform. From this point, the lengthy search for a unified payment gateway begins. As a result, very few investment companies manage to integrate the solutions they need. More...
Read more…
Three Little Pigs and a Payment Gateway
Because the payment gateway launching process seems like a tedious and time-consuming process for many businesses, most prefer to hire a third party to accomplish this task. By doing so, a business relieves itself of responsibility and completely entrusts the process to the hired team of specialists to implement a payment solution. What these business owners don't realize, however, is that in this case, their situation is complicated by the need to...
Read more…
Because the payment gateway launching process seems like a tedious and time-consuming process for many businesses, most prefer to hire a third party to accomplish this task. By doing so, a business relieves itself of responsibility and completely entrusts the process to the hired team of specialists to implement a payment solution. What these business owners don't realize, however, is that in this case, their situation is complicated by the need to...
Read more…
How to Own a Payment Gateway
It’s cool that we live in a world where emerging businesses don’t have to struggle to move cash. Accepting payments online and owning a payment gateway is a part of an overall business strategy. This is an excellent start to improving your customers’ experience, adding value to your business, and protecting your business from fraud. Foremost is the fact that most businesses clearly understand their payment processing needs. They should know...
Read more…
It’s cool that we live in a world where emerging businesses don’t have to struggle to move cash. Accepting payments online and owning a payment gateway is a part of an overall business strategy. This is an excellent start to improving your customers’ experience, adding value to your business, and protecting your business from fraud. Foremost is the fact that most businesses clearly understand their payment processing needs. They should know...
Read more…
How to Choose the Best Payment Gateway
The process of selecting the best payment gateway can be a confusing experience for any business regardless of its budget and size. So many different things to consider, different options, traps to fall into if you are not knowledgeable about payment gateways! Which is the right one? Does it even matter which one you choose if you have enough budget to spend on this project? How do you choose a solution...
Read more…
The process of selecting the best payment gateway can be a confusing experience for any business regardless of its budget and size. So many different things to consider, different options, traps to fall into if you are not knowledgeable about payment gateways! Which is the right one? Does it even matter which one you choose if you have enough budget to spend on this project? How do you choose a solution...
Read more…
Open-Source Payment Platform
Most people think that an open-source payment gateway technology is completely free of charge. For example, an open-source solution is a way to accept payments online for a startup business without a budget. However, this is not the case. Regarding payment processing, there aren't any open-source payment platforms available to be free of charge. Even if you "stumble upon" a free open source payment gateway, it will have to maintain a PCI-compliant...
Read more…
Most people think that an open-source payment gateway technology is completely free of charge. For example, an open-source solution is a way to accept payments online for a startup business without a budget. However, this is not the case. Regarding payment processing, there aren't any open-source payment platforms available to be free of charge. Even if you "stumble upon" a free open source payment gateway, it will have to maintain a PCI-compliant...
Read more…
1