Payment Processing
Payment Monitoring System: How to Track and Improve Your Payment Performance
At many companies, payment processing is an overlooked part of their day-to-day business operations. While you might carefully monitor the output of each factory line, it’s easy to forget about monitoring the rate of chargebacks from international card payments. As a business, you can’t afford to overlook your payment monitoring system. Hidden issues can lead […]
Billing Descriptor: What It Is, Types, and Examples for Merchants
Businesses spend a lot of time worrying about how to save money on overhead and variable expenses. However, many companies are missing out on a key way to manage costs. By improving your payment processes, you can save money on transactions and improve your company’s bottom line. A simple update to your billing descriptors may […]
Push vs. Pull Payments: What’s the Difference and When To Use Each
While the most basic difference between push vs. pull payments is who initiates the payment, there are other key differences as well. Each payment type carries unique benefits and drawbacks, so it’s important to understand which option makes sense for your transactional needs. Push payments tend to be more effective for one-time transactions and large […]
Local Payment Methods: What They Are and How To Offer the Right Options in Each Market
Deciding to sell internationally involves more than simply translating your website and creating a new Google Ads campaign. To succeed, you need to make sure potential customers can pay with confidence. Using local payment methods instills trust, so customers feel comfortable making a purchase on your checkout page. In each market, customers have unique payment […]
Incremental Authorization in Payments: What It Is and How It Works
Marketing departments carefully design sales funnels to turn prospects into clients. In a moment, a single payment problem can derail a customer’s buying experience. While failed payments and inconvenient refunds can deter customers, it is possible to prevent them. With incremental authorization, you can easily charge customers when you aren’t sure what the final transaction […]
Square Fees: What Square Charges Per Transaction and Per Month
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 […]
Cash Discount Program Guide: What It Is, How It Works, and When to Use It
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 […]
What Is a Soft Decline in Payment Processing (and What Merchants Can Do About It)
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 […]
PayPal Business Fees Explained: What Merchants Really Pay
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 […]
B2B Payment Automation: How Businesses Can Streamline Vendor Payments
From tax filing to reconciling invoices, computers are faster and less error-prone than human workers. One way you can improve your company’s internal processes is through business-to-business (B2B) payment automation. These automated tools can deliver more accurate results with fewer labor hours than manual processes. In one study, just 17% of businesses reported that they […]
