PayCompass

Businesses must understand credit card decline codes to ensure smooth payment processing

25 Credit Card Decline Codes You Need to Know: A Comprehensive Guide

25 Credit Card Decline Codes You Need to Know: A Comprehensive Guide Credit card payments are extremely common; in fact, despite all the digital means available these days, they’re still the most common type of payment. In 2024 alone, global credit card transactions were predicted to hit around $515.42 billion. However, failed credit card payments…
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Understanding different payment terms gives you greater control over your business finances.

Payment Terms Decoded: Mastering the Art of Financial Agreements

Payment Terms Decoded: Mastering the Art of Financial Agreements The financial world can be confusing at the best of times. From blocks to restrictions, new products to technologies changing everything. So, when you throw into the mix a range of different payment terms, it becomes even more complex. The good news is that these terms…
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There are many payment processing costs that customers are unaware of when making a transaction.

Payment Processing Costs: The Shocking Truth Behind Your Transactions

Payment Processing Costs: The Stats Behind Your Transaction Fees When a customer makes a payment, they might assume that the whole amount simply goes to the merchant and they receive their goods or services. But is it really that simple? Unsurprisingly, no. Businesses deal with many hidden costs associated with payment processing that can significantly…
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Chargeback statistics expose the huge battle high-risk businesses face.

Chargeback Statistics Exposed: The Shocking Truth Behind Transaction Disputes

Chargeback Statistics Exposed: The Numbers Behind Transaction Disputes in 2025 Running a business is hard enough without having to deal with disputes and chargebacks. You may assume that most transactions simply pass through with no issues, but a surprising number cause problems, especially for high-risk businesses. When this happens, the risks go far beyond simply…
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Payment processing industry statistics are shaping businesses.

Payment Processing Industry Statistics That’ll Make You Rethink Your Business Strategy

Payment Processing Industry Statistics: All the Numbers for 2025 We do almost everything online these days, so it’s no surprise that many of our payments are done the same way. However, the extent of this is quite shocking – the global payment processing industry is expected to reach $139.90 billion by 2030. That’s a compound…
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There are several payment methods that business owners should know about to choose the best one carefully.

25 Essential Payment Methods Every Business Should Know

25 Essential Payment Methods Every Business Should Know Once upon a time, the only way to pay for goods and services was with cold, hard cash. These days, there are many different payment types to choose from. This shows how much our world has evolved, especially when you consider cryptocurrencies which can’t even be seen…
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high risk transactions

Mastering The High-Risk Transaction: A Comprehensive Guide for Businesses

Mastering The High-Risk Transaction: A Comprehensive Guide for Businesses When you first start a business, you have dreams of it growing into something huge. In many cases, that happens. However, some business owners find themselves plagued with challenges simply because of the nature of what they provide and/or sell. In many cases, these aren’t particularly…
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Choosing the best POS system for small business is vital for overall efficiency and success.

How to Choose The Best POS System for Small Business Owners

How to Choose The Best POS System for Small Business Owners As a small business owner, you have a lot on your plate. Not only do you have to focus on marketing your business, keeping your customers happy, and the daily grind, but you also need to have one eye on growth. All of this…
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A returned mobile ACH payment can be troublesome for businesses.

Mastering Returned Mobile ACH Payments: A Comprehensive Guide

Mastering Returned Mobile ACH Payments: A Comprehensive Guide When you’re running a business, you need everything to go smoothly. Even the smallest disruption can cause major issues, including financial losses, wasted time, and operational chaos. Yet, when it’s a problem with a payment, the worries quickly mount up. In this guide, we’re going to talk…
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