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
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
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
Merchant Account for High Risk Business
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Merchant Account for High Risk Business

Chargebacks are one of those problems that can flare up overnight. As in, literally overnight, like you go to bed one evening, and when you wake up you have thirty chargebacks to manage. What may seem like a minor issue, or a complete non-issue, can be amplified by any number of factors. Maybe you got...

Posted by April 11, 2018June 1, 2018
Thieves Now Use Shimmers to Steal Chip/PIN Card Data
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Thieves Now Use Shimmers to Steal Chip/PIN Card Data

Somehow, using a physical card just feels safer, right? If you lose your wallet, that can be a problem, but you rarely feel comfortable typing your numbers into a website or speaking them on the phone or anything like that. Some of us may shred our receipts even if they don’t contain any sensitive data...

Posted by April 3, 2018July 24, 2018
The Importance of AVS And CVV for Chargebacks
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The Importance of AVS And CVV for Chargebacks

You should be willing to do anything within your legal power to avoid getting a chargeback. And anything to avoid having to issue a refund, except getting a chargeback. Unfortunately, many retailers wind up having to deal with a high chargeback rate because they’re so eager to avoid refunds. Refunds are a last line of defense,...

Posted by March 13, 2018April 30, 2018
Whats The Difference Between Chargebacks and Refunds?
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Whats The Difference Between Chargebacks and Refunds?

People sometimes use the word “chargeback” and “refund” interchangeably, saying one when they mean the other. To the customer, to the layman, to the outsider, there may not seem to be much difference between the two. In both instances, the buyer gets their money back, right? So when a customer is unhappy with their purchase,...

Posted by March 8, 2018May 3, 2018