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

These days, most people don’t pay by cash. If you think back to a couple of decades ago, that certainly wasn’t the case. Then, most people paid with cash and the occasional credit card. These days, the numbers back up the shift – in 2024 alone, digital payments accounted for $3.73 trillion in the US […]

Let’s be honest, there’re far too many types of credit card fraud to keep up with. Thankfully, we don’t have to understand what they are in detail or how they’re done – we just need to be able to protect against damage.  To put this into perspective, in 2024, 57% of US businesses reported losing […]

It should be easy to purchase goods and services. It’s a given, right? You want your customers to be able to make payments without issues or roadblocks, and as a business owner, that should be a priority. After all, if the process is too difficult, your customers are just going to give up and go […]

A customer is paying for a product and suddenly the machine flashes up that the payment is declined. You’ve no doubt experienced this before – it’s annoying at best and headache-inducing at worst.  There are many reasons why a customer’s transaction might be declined, yet all of them make you scratch your head and wonder […]

The more customers you have, the more money you make. It’s easy to think that way, right? In most cases, it’s true. But what happens when a customer isn’t happy for one reason or another? What happens when they file a chargeback?  For many businesses, chargebacks aren’t rare, but they’re not common either. Yet, for […]

When a customer buys goods or services from you, it’s easy to assume that the payment will go through smoothly and everything will end well. Of course, that’s the aim. However, payment reversal is a real thing, and many transactions end up heading back to the original point. Why? For many reasons, but one is […]