Mar 26, 2026

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

The United States hotel market size is estimated at $263.21 billion. Most of these companies will be assigned merchant category code (MCC) 7011. Because hospitality transactions involve cancellations, advance bookings, incremental adjustments, and no-show charges, they require specific types of payment processing services. The MCC 7011 (hotels) classification has a direct impact on interchange rates, […]

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Apr 21, 2025

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 […]

Apr 20, 2025

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 […]

Apr 15, 2025

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 […]

Apr 15, 2025

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 controversial items as such; it’s usually a high risk […]

Apr 15, 2025

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 means you have your hands extremely full. Yet, choosing the best […]

Apr 15, 2025

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 about mobile ACH payments, but in particular, returned […]

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