Simple Tips to Help Prevent Chargebacks
Simple Tips to Help Prevent Chargebacks Take card present transaction and always obtain chip information in the transaction. Offer debit as a transaction type. Know your customer. Make sure your customer knows your business name. Conduct business in a professional manner and address customer complaints and concerns. These may seem like simple suggestions but as […]
The 4 major factors in preventing business fraud
Business fraud is often hidden from plain sight. But the longer it goes on, the more damage it will do. Here are four important factors that will help you prevent and uncover business fraud. Transaction processing systems: Review fraud settings Most modern payment systems offer fraud protection. Either built-in or through a second- or […]
Payments in a Pandemic
Biggest Issues Merchants Are Still Facing as the Pandemic Continues On Who knew this would be how 2020 played out? It is cliché now to say that we did not see the tumultuous effect that COVID-19 would have on the world when the year began. Even in March when things were locked down, no one […]
Keeping Your Customers Safe from Identity Theft
Protecting Your Business from Account Take Overs We know that data security needs to be protected when collecting customer information. Account Take Over (ATO) is a type of criminal activity that utilizes information you have stored to mimic your customer. It is a form of Identity Theft. Account Takeover typically is seen in one of […]
Understanding Fraud
Understand How Fraud Is Occurring in Your Business Here are 4 simple steps to review in your business to discover how fraud is finding its way into your systems. Review current fraud settings in payment platforms Do you have systems optimized to alert you when something is potentially fraudulent. For example, are your reading the […]
Conducting An Audit of Your Payment Systems
Taking payments always seems like it would be straight forward and easy. You have a product and your customer hands over cash for that product. That should be the end. More than half of sales have payments in the form of a credit or debit card. Those are digital transfers of money. As you may […]
4 Tips for Preventing Chargebacks on Reoccurring and Subscription Payments.
Having a membership or subscription model business has been a trend in the way that businesses structure how products and services are sold. It is a great way to ensure future income and know how much labor will be needed. However, this business model does come with the likelihood of an increased risk of chargebacks. […]
3 Steps to Finding the Right Merchant Processing Account
Your incoming payments are your biggest asset (hopefully) and most payments today come in by credit card. Over 50% of payments received were by credit and debit card, according 2019 data report from the Federal Reserve Bank of San Francisco. Smart business owners know the 3 steps to finding the right merchant account and making […]
Top 4 Challenges Today’s Business Owners Face
Conducting business through a pandemic will have some definite repercussions. Do you know what challenges to address, especially ones that can cost you your bottom line? challenges that business owners today will face These have been identified as the top four challenges that business owners today will face. Increased disputes Increased fraud attempts Lost sales […]
Are You Thinking about Converting Your Business to Cashless?
Many businesses today are finding it easier to go cashless. Most businesses already no longer accept checks. Businesses often take cash and credit for goods and services, but most online businesses only accept digital payments. Have you wondered if going cashless is right for you? Here are some things to consider before making the change: […]
