For some businesses, sales aren’t steady across the year. Instead, they peak and trough depending on the month, season, and event. In those cases, everything needs to run as smoothly as possible to avoid major hiccups. After all, you don’t want your payment systems to crash during Black Friday sales, do you? In these cases, having […]

Every business is different. You can have two companies that sell the same thing, but their sales volume and how they go about their business will be completely different. And that’s a good thing – after all, variety is the spice of life.  Yet when it comes to payment processing, it’s important to find a […]

The travel agency has long been one of the most profitable around, but there’s no denying that it faces challenges. Not only are many popular destinations mostly seasonal, it also got hit very hard by the COVID-19 pandemic. The other issue? It’s classified as a high-risk industry, which means there are hurdles and challenges awaiting […]

As the name suggests, a pre-authorized payment is when a customer gives you permission to automatically charge them for their goods or services. For companies, this type of approach is a convenient way to ensure a steady cash flow. When bills are due, your administrative staff members don’t have to chase anyone for their monthly […]

Automated Clearing House (ACH) payments are governed by Nacha. When a payment is made, it moves through the ACH network until it reaches the recipient. This type of payment is typically used for direct deposit, automated bill payments, peer-to-peer transfers, and payments to contractors. While the ACH network is extremely secure, ACH fraud can easily […]

If you’ve ever read through your merchant account statement, you’ve likely noticed that the entirety of your company’s transactions doesn’t end up in your bank account. Instead, a merchant discount rate (MDR) is pulled from the payments before the final amount is transferred into your merchant account. To maintain your company’s profitability, it’s essential to […]

Normally, companies process transactions in their merchant accounts. However, payment processing carries risks for the payment processors. Because of this, many merchant account providers do not want to work with a company that has a higher risk profile. If your business has had a high rate of chargebacks or fraudulent transactions, you may struggle to […]

Mail Order/Telephone Order (MOTO) payments first came out in the early to mid-20th century. At the time, mail order catalogs needed a way to accept payments that didn’t involve waiting around for a check to arrive in the mail. The invention of MOTO payments greatly facilitated the growth of mail order catalogs and phone orders. […]

When you’re shopping for a product, it’s annoying when an entirely new tab pops open each time you click on an item. By the time you finish shopping, you can easily have a dozen tabs running. Worse still, many companies deliberately have their systems set up so that a new tab appears when it is […]

As a company, you invest a significant portion of your time and resources into customer acquisition. From advertising your products to cold calling leads, your marketing costs are a major investment. The last thing you want to do is waste all of your marketing effort on failed payments. It doesn’t matter how many customers walk […]