Merchant Account Reserve: What It Is and How Rolling Reserves Affect Cash Flow
Getting approved for your merchant account is only the first step in bringing in revenue. As a part of your account setup, you’ll have to agree to specific terms and processing fees. If your company is considered a higher risk, you may be required to have a merchant account reserve. Reserves are used to offset […]
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Merchant Account Limits: What They Are and How to Increase Them
When you’re running a business, even the smallest payment problem can throw you into a world of issues. From chargebacks to disputes, your daily operations go from smooth to rocky. Another issue is exceeding your merchant account limits, perhaps without even realizing it. What happens then? Your transaction halts and your account is frozen. It’s […]
ACH Payments vs Wire Transfers: The Main Differences
Every business wants to choose the most efficient and cheapest way to transfer money. There are always new options popping up, but there are two that standout above the rest – ACH payments, which stands for Automated Clearing House, and wire transfers. When choosing between ACH vs wire, it’s important to consider both their pros […]
Card Not Present Payments: What It Is & How To Prevent Fraud
These days, we look for the most convenient option when it comes to paying for goods and services. And many times, we’re not actually in a physical store. Online payments have boomed as the Internet has become a literal sweet shop for everything we could possibly ever need or want. With all of this in […]
Understanding the Different Types of Payment Gateway
When was the last time you paid for something online? Probably quite recently. These days, our lives are mostly centered on the digital world, and that means we pay for goods and services by pressing a few buttons. As a business, choosing the right types of payment gateway for your needs is key. To break […]
Merchant Rights in the Digital Era: Empowering Businesses Against Chargebacks
As a high-risk business, you don’t need to be told about chargebacks. Along with disputes, they’re no doubt the bane of your life, causing undue stress and expense. You’re not alone. According to recent studies, there were in excess of 238 million chargebacks in 2023 alone, with the average amount increasing from $165 in 2023, […]
Revolutionizing Guest Experiences: Hospitality Payment Challenges and Futuristic Solutions
Trends shift and change regularly, and perhaps no more so than in the hospitality industry. There are few industries that deal with as many currencies and payment types than this, which definitely poses a few challenges along the way. Yet, it’s one of the most profitable industries around – according to projections, the global hospitality […]
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