Payment Monitoring System: How to Track and Improve Your Payment Performance
At many companies, payment processing is an overlooked part of their day-to-day business operations. While you might carefully monitor the output of each factory line, it’s easy to forget about monitoring the rate of chargebacks from international card payments. As a business, you can’t afford to overlook your payment monitoring system. Hidden issues can lead […]
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Billing Descriptor: What It Is, Types, and Examples for Merchants
Businesses spend a lot of time worrying about how to save money on overhead and variable expenses. However, many companies are missing out on a key way to manage costs. By improving your payment processes, you can save money on transactions and improve your company’s bottom line. A simple update to your billing descriptors may […]
Push vs. Pull Payments: What’s the Difference and When To Use Each
While the most basic difference between push vs. pull payments is who initiates the payment, there are other key differences as well. Each payment type carries unique benefits and drawbacks, so it’s important to understand which option makes sense for your transactional needs. Push payments tend to be more effective for one-time transactions and large […]
Local Payment Methods: What They Are and How To Offer the Right Options in Each Market
Deciding to sell internationally involves more than simply translating your website and creating a new Google Ads campaign. To succeed, you need to make sure potential customers can pay with confidence. Using local payment methods instills trust, so customers feel comfortable making a purchase on your checkout page. In each market, customers have unique payment […]
Incremental Authorization in Payments: What It Is and How It Works
Marketing departments carefully design sales funnels to turn prospects into clients. In a moment, a single payment problem can derail a customer’s buying experience. While failed payments and inconvenient refunds can deter customers, it is possible to prevent them. With incremental authorization, you can easily charge customers when you aren’t sure what the final transaction […]
Square Fees: What Square Charges Per Transaction and Per Month
How much does Square charge per transaction? Are there ways you can reduce your Square payment processing fees? Like other payment processors, Square charges different fees based on the payment channel. However, the amount you pay will also depend on which Square plan you sign up for. While the Square Free plan requires no monthly […]
Credit Card Tokenization: What It Is and How Payment Tokenization Works
As a business, you need customer payments to stay afloat. However, each payment that passes through your system creates an added risk. If the customer’s financial data is stolen or unintentionally exposed, it can lead to regulatory issues, financial repercussions, dissatisfied customers, and a negative impact on your brand. One way to mitigate these risks […]
