Your Guide to Navigating Your Merchant Statement
As a business owner, you’re already wearing many different hats. You’re handling bank runs, interviewing candidates, and solving supply chain issues. Because of this, it’s easy to overlook merchant statements. While your merchant processing statement may look like any other bank statement or financial report, its contents are important for your company’s bottom line. This […]
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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 are a major headache for businesses and customers alike. Online retailers believe […]
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 are nowhere near as complicated as they first seem. […]
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 add up over the long-term. In fact, it’s surprising […]
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 losing a little revenue. They reverberate into confidence issues, regulatory […]
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 growth rate of 14.5% in just seven years. Of […]
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 by the naked eye. To be as competitive […]
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