A common question asked about chargebacks is why retail stores always seem to win and Internet merchants always seem to lose. A common misconception is that credit card processors don’t care about Internet merchants, most likely because most of them are small and don’t make any real money. This is untrue. The reason why retail [...]
Discover Financial Services announced in early February plans to eliminate the contested “no surcharge” rule on Discover card transactions. A spokeswoman for the company said that Discover will notify merchants of this development in June, and the policy will take effect this October. The no-surcharge rule (which Visa and MasterCard also enforce) prevents merchants from [...]
(Sort of). A few weeks ago I came upon an opportunity to explain what merchant accounts were and how they worked. I figured WikiPedia would be a great place to direct them for more information. WikiPedia is an excellent resource, despite the bad press it gets sometimes, and usually provides a well thoughtout and insightful [...]
Merchant Account Services has officially launched and we’d love to get your feedback. Our goal is to make this site an unbiased resource for merchants! There are money places to go to find merchant accounts online but this website is the first to provide free information to merchants. Our articles were written for merchants with [...]
From Verifone CEO Doug Bergeron: VeriFone Holdings, Inc. on Monday, April 10, announced a definitive agreement to acquire Lipman, the Rosh Haayin, Israel-based provider of electronic payment systems. We are very excited with this acquisition and the opportunities it presents. Customers of both companies will benefit from a stronger, more reliable, more innovative and better [...]
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