New Mastercard Rules Applying to Negative Option Billing
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New Mastercard Rules Applying to Negative Option Billing

If you want the long and short of it: All the new Mastercard rules really do is ensure transparency in offerings like free trials. For merchants whose business practices are one hundred percent transparent and up-front, the changes probably aren’t going to affect your business at all. But there is a tendency for merchants to...

Posted by November 14, 2018November 14, 2018
MLS and Merchant Planning with CRM for the Holiday Shopping Boom
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MLS and Merchant Planning with CRM for the Holiday Shopping Boom

In the retail business, for more companies than not, the holiday season is a very busy time of year. The period stretching from Thanksgiving to Christmas accounts for about eleven percent of the average retailer’s annual earnings, while making up less than eleven percent of that retailer’s business hours for the year. And that eleven...

Posted by October 24, 2018October 23, 2018
Poynt Smart System Review
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Poynt Smart System Review

The point of sale eco-system is a strange beast. There is constant innovation. Every day they are developing new ways to pay, and every day, the rollout is encumbered by any number of things. It could be legislation and regulation that wasn’t ready to adapt to this new technology and it needs to be corrected...

Posted by August 8, 2018August 31, 2018
Limited Acceptance Merchant
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Limited Acceptance Merchant

Limited Acceptance: managing debit-only card acceptance for businesses with specific compliance restrictions.  Certain industries, such as collection agencies, consumer lending, auto finance, and others, are subject to accept debit cards only. For debit-related payments, the card brands mandate the debt to be paid without accruing more debt, such as using a credit card. Limited Acceptance...

Posted by August 1, 2018August 25, 2018
Visa Debt Repayment Program: What You Should Know
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Visa Debt Repayment Program: What You Should Know

  Visa’s Debt Repayment Program allows qualified lenders to benefit from lower interchange. We don’t really think of credit cards as a lending program, but that’s what a credit card is. You buy something by taking a little money from a third party, and then a month later, you pay it back with interest. That’s...

Posted by July 25, 2018August 25, 2018
Mastercard Consumer Loans Program
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Mastercard Consumer Loans Program

What is a credit card company but a lender? We don’t really think of them that way, we think of a credit card account as something like a debit account, just one that we pay later, after we’ve made our purchases. Or like delayed spending, we pay an extra little fee so that we don’t...

Posted by July 18, 2018August 25, 2018
Signature Requirement Changes
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Signature Requirement Changes

Signing for credit card purchase seems like something from an earlier time. Your transaction is all digital, but it’s not complete until they hand you a little scrap of paper for you to write your name on like a contract? It feels a bit odd that this is still how we’re doing things in the...

Posted by July 11, 2018July 30, 2018
Payment Gateway for High Risk Business
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Payment Gateway for High Risk Business

Every business is built around the point of sale. Some businesses approach it in a different way than others. There are salespeople who will use pressure tactics to make a sale as quickly as possible. There are convenience stores that focus on impulse buys. There are business models that are more about the slow burn,...

Posted by May 23, 2018July 28, 2018
Guaranteed Merchant Account
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Guaranteed Merchant Account

Is there any such thing as a guaranteed merchant account? Like any good question, the short answer is “It depends.” A question worth asking, an important question, is always going to be a little more complicated than something that you can answer with a yes or no. If you ask “Who should I vote for...

Posted by May 16, 2018August 21, 2018
Collection Agency Merchant Account
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Collection Agency Merchant Account

Collection agencies are one of those industries that, well, let’s just say people have a strong reaction when you tell them that that’s the line of work you’re in. Ironically, the regulations that collection agencies abide by mean that they actually make life a lot easier for people who owe money. Collection agencies have a...

Posted by May 9, 2018September 28, 2018