MCC 7011: Hotels & Lodging (Description and Payment Processing Impact)

Chargebacks cause issues that many business owners would rather avoid. The process can be lengthy, and it costs businesses money and their reputation. But what if there were a way to solve payment disputes before they become chargebacks? That’s exactly what Rapid Dispute Resolution (RDR) does. RDR automatically handles certain payment disputes before they turn […]

Every time a customer swipes their card, a complex financial choreography begins behind the scenes. Payment networks make up an invisible infrastructure that handles billions of payments every year. The global economy brings in $113 trillion annually, much of it through payment processors. However, many business owners are unaware of how these detailed systems work.  […]

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 […]

The dreaded “card declined by issuer” message can be frustrating for both customers and e-commerce business owners. For your business, it often results in a loss of customer trust and revenue.  Card issuer rejections, also known as card issuer declines, are one of the most common payment processing challenges that business owners face. Around 10 […]

These days, we hear so much on the news and social media about credit card fraud. It’s true that this is also on the rise, with 62 million Americans experiencing fraudulent charges on their debit or credit cards over the last year alone. It’s no wonder that many customers are worried about using websites and […]

Payment processing is a complex beast. You probably don’t need us to tell you that, but there are many hurdles to jump over before you get the metaphorical ‘green tick’ to signify a payment accepted.  There’s a good reason for all of this complexity – to protect your business against losses due to fraud and […]