Credit card processing fees are a serious expense for many businesses, especially those in retail, e-commerce, or the service industries. These fees, which can range from 1.5% to 3.5% per transaction, can quickly eat into your profit margins. This is why a good understanding and managing of these costs is crucial to maintaining a healthy […]
Month: August 2024
Your Guide to Handling Payment Disputes and Chargebacks
Navigating disputes and chargebacks is crucial for businesses, especially those in high risk industries. This article explains the transaction lifecycle, chargeback process, unique challenges faced by high risk businesses and how specialized processors like Electronic Transfer. Inc can help protect your business and revenue. Keep on reading. Transaction Lifecycle Understanding how transactions work is the […]
Cryptocurrency Payment Processing: Pros & Cons
As more people start using cryptocurrency instead of regular money, businesses need to understand it better. This is especially important for high risk businesses as they often face challenges with traditional payment methods, such as high fees and increased risk of fraud. By adding crypto they can benefit from faster transactions, lower fees, and enhanced […]
What Are NFC Mobile Payments, and How to Accept Them?
In the last few years, you’ve probably noticed people waving their phones, smartwatches, or smart rings instead of swiping or inserting traditional plastic cards. They’re part of the NFC club, a touch-and-go contactless payment technology that is gaining popularity worldwide and changing the way people pay. This article answers what NFC is, how it works, […]