Cascading Payments Explained: How Cascading Retries Reduce Failed Payments

How much does Square charge per transaction? Are there ways you can reduce your Square payment processing fees?  Like other payment processors, Square charges different fees based on the payment channel. However, the amount you pay will also depend on which Square plan you sign up for. While the Square Free plan requires no monthly […]

As a business, you need customer payments to stay afloat. However, each payment that passes through your system creates an added risk. If the customer’s financial data is stolen or unintentionally exposed, it can lead to regulatory issues, financial repercussions, dissatisfied customers, and a negative impact on your brand. One way to mitigate these risks […]

Most people don’t think about how payments end up in their merchant accounts. Unless there is a problem, they process payments and transfer funds without a second thought. Your merchant ID number (MID) is a unique number that is linked to your merchant account. It is used by banks and payment processors to make sure […]

While 65% of consumer payments are made with a credit card or debit card, only 14% of payments are made in cash. For merchants, this represents a potential opportunity. If you can increase the number of cash transactions, you can lower your overall processing fees and reduce your operating expenses. Companies can encourage more cash […]

Soft declines make up the majority of declined transactions for merchants. Unlike hard declines, there are steps you can take to mitigate and resolve these issues. These transactions are declined for temporary reasons that can often be fixed by updating information, switching payment types, or retrying the transaction. To learn more about credit card soft […]

When creating a business strategy, entrepreneurs often focus on the cost of materials, overhead expenses, and labor hours. However, payment processing fees can quickly cut into your company’s bottom line. If you are currently paying PayPal business account fees, you’re likely spending more than you realize. With PayPal business fees, you’re paying a fixed-rate fee […]