One common misperception when it comes to chargebacks, especially online, is that having a signed contract will protect you from chargebacks. This is mostly untrue. American Express will deny a chargeback if a merchant can provide a signed contract in which the customer acknowledges that the work was completed/product delivered and was satisfactory. However, Visa [...]
In the merchant services industry no matter who you speak to you ultimately are going to receive the same product. There are thousands of companies all capable of establishing a merchant account for your business. But these companies all are sales arms of a limited number of companies that actually process the credit cards. Once [...]
So think all credit card machines are alike? Of course not! There are many obvious differences and many that are not so obvious. But you knew that because it works that way with many things: cars, appliances, etc. So what do you need to be looking for? Well, that’s an article all by itself, but [...]
CVV2 is a credit card security measure aimed at reducing fraud for card not present transactions. It is a three or four digit number that is only present on the credit card. Theoretically, this is used to verify that the credit card being used in a purchase in the in the possession of the purchaser [...]
The concept of batching does not apply to Internet merchants as their payment gateway typically takes care of this for them. However, it is possible to have a gateway that does not do this for you. If your gateway is not set up to automatically batch itself out for you, please continue reading below. Every [...]
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