Credit card payments may seem simple on the outside, but when you dig further, you’ll find that it’s a complex web that includes several entities and levels. In fact, many people don’t know credit card processing levels even exist. The problem is, without this knowledge, it’s easy to lose money and time because you simply […]

Running a business isn’t just selling goods and services. Of course, you already know that, but do you know how much money is laundered through payment systems annually? According to the United National Office on Drugs and Crime, around $1.6 trillion was laundered by criminals in 2009 alone.  Complying with anti money laundering regulations is […]

High-risk companies have many challenges ahead. Of course, if you’re reading this, it’s likely that you fall into this category and you want to learn more about how you can overcome these problems. One area that’s important to learn more about is high risk MCC codes.  These codes go a long way to deciding whether […]

Many things in life aren’t free, and that includes credit card processing. The associated fees can be significant and over time can significantly affect your business’ profit margins. It’s why understanding how to reduce credit card processing fees is a must.  On average, credit card fees are between 1.5% – 3.5% per transaction, with variations […]

When a customer pays by credit card, it’s a relatively stress-free process. They swipe or tap their card if they’re attending a physical store, or input their details if it’s an online purchase. They pay the amount stated and that’s it. It sounds easy, doesn’t it? Well, behind that process is another layer of complexity, […]

Lost profits can appear in many different ways – it can be a bad review online that goes viral, a particularly aggressive competitor, or it can be something so simple you might not even realize it’s there – losing money through payment processing fees.  According to studies, in 2023, US merchants paid $224 billion in […]

Credit card payments are extremely common; in fact, despite all the digital means available these days, they’re still the most common type of payment. In 2024 alone, global credit card transactions were predicted to hit around $515.42 billion.  However, failed credit card payments are a major headache for businesses and customers alike. Online retailers believe […]

The financial world can be confusing at the best of times. From blocks to restrictions, new products to technologies changing everything. So, when you throw into the mix a range of different payment terms, it becomes even more complex. The good news is that these terms are nowhere near as complicated as they first seem.  […]

When a customer makes a payment, they might assume that the whole amount simply goes to the merchant and they receive their goods or services. But is it really that simple? Unsurprisingly, no. Businesses deal with many hidden costs associated with payment processing that can significantly add up over the long-term.  In fact, it’s surprising […]

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 […]