How to Get Merchant Services Leads Without Buying Bad Lists
If you’ve spent any time in the payments industry, you’ve probably seen a good selection of the following ads: For new merchant services sales Agents, buying a list of leads can sound appealing…because it’s a quick way to build a pipeline, right? Unfortunately, those Agents quickly discover that those lists are often outdated, overused, or […]
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How to Register a Company in the US: The Complete Step-by-Step Guide I Wish I Had When Starting Out
You’re about to open a business, and you’re full of excitement and hopes for the future. It’s a great time, for sure, but there are many boxes you need to tick. Don’t allow your excitement to cloud what really needs to be done! For instance, your first priority should be learning how to register a […]
Stripe Statistics That’ll Make You Rethink Payment Processing Forever
When you make a payment – personal or business – do you think much about what goes on behind the scenes? Probably not, and you’d be in the majority for thinking that way. Yet, the truth is quite surprising – the payment processing industry is booming; in fact, in 2023, around $1.8 quadrillion was handled […]
Credit Card Fraud Statistics That’ll Make You Check Your Wallet Twice
There are many types of credit card fraud around; in fact, the sheer scale of it might surprise you. While it shouldn’t make you feel unduly unsafe whenever you shop online or use your card in an ATM, it’s important to always be aware of the ‘what ifs.’ After all, you don’t want to hand […]
Chargebacks vs. Refunds Explained
As a business, you want every customer to be completely satisfied with their purchase. However, even when you have the best quality of products and services, there are times when customers decide to get their money back. Depending on the circumstances, this may lead to a chargeback or refund. For merchants, these transactions can quickly […]
What Is a Bank Identification Number (BIN)?
Since the 1970s, the American Bankers Association has served as the registered authority for bank identification numbers (BINs). Originally, the American National Standards Institute (ANSI) and the International Organization for Standardization (ISO) first invented this system to help with speeding up transactions, simplifying the authentication process, and preventing identity theft. Today, your bank identification number […]
Card Issuers Explained
When you’re wrapping up your MBA and starting a business, a lot of the focus is on lowering your overhead costs, paying attention to variable costs, and tracking your bottom line. Often, entrepreneurs forget about the many fees charged by payment processors. However, this forgotten fee can quickly add up. By being proactive about managing […]
