It can be rather intimidating to apply for a merchant account. What if you applied and got denied? This article will help you with potential reasons why your merchant account application can face a denial. Merchant Account Application Denied When you apply to a merchant services provider, the application process will evaluate you and your… Read More »6 Reasons Your Merchant Account Application Was Denied
Does your tech business accept credit cards? If you answered “yes”, you need a payment gateway. A payment gateway is a merchant service that processes credit card payments for eCommerce sites and traditional brick and mortar shops. Think of a payment gateway as the metaphorical cash register in the payment process; similarly, it needs to… Read More »A Guide to Choosing the Best Payment Gateway for Tech Support
The technology industry has been developing with overwhelming speed over the past decade – and things are continuing to grow. According to recent statistics by Web Tribunal, by 2025, 38.6 billion smart devices will be collecting, analyzing, and sharing data. Even though the tech industry is one of the fastest-growing industries, merchants continue to struggle… Read More »Top High-Risk Merchant Account Providers for Tech Support
No doubt, the Coronavirus has disrupted our lifestyles and changed how we do many things. For instance, the payment space has experienced sudden alterations like reduced cash usage and growth in eCommerce shopping. For instance, surveys show 40 percent of customers say moving forward, they will buy items online more than they do instore. Shopping… Read More »How The Novel Coronavirus is Impacting Payment Trends?
Peer to peer transaction processing platforms such as Zelle serve as a bridge that connects consumers and allow them to make and receive payments. However, lately, businesses are increasingly adopting these services, even threatening to beat consumer usage. So far, up to seven leading financial institutions are helping home-service firms, and small enterprises collect payments… Read More »Zelle Attracting More Businesses as the Platform Grows into a Preferred Payment Platform amid COVID-19
A pandemic is a difficult time to run a business, but just how bad is the situation amid COVID-19? The most recent data by the Federal Trade Commission (FTC), the official protector of US consumers, shows a tough struggle among ecommerce merchants. Consumer complaints have surged significantly amid a crisis. Over 50 percent of those… Read More »FTC: ‘Product Not Received’ Complaints amid Corona Double Cases Recorded in Last Festive Shopping Spree
Lately, there have been numerous complaints from merchants and other individuals concerning the safety of payment processing services. There have been many incidents of “payment processing gone wrong,” where the service user loses thousands of dollars. The Federal Trade Commission has chosen to take action and take the reins in tackling this issue. Andrew Smith,… Read More »FTC Enforcing the Law on Fraudulent Payment Processors
Payments provider USA Technologies Inc. (USAT) is set for a new management era after a proxy battle that overthrew the old administration and board of directors. The rejuvenated company now plans to grow its bottom-line by exploiting underserved markets and cutting on operational costs. “Having won the proxy contest and with our restructured senior team,… Read More »USA Technologies Under a New CEO and Board of Directors
Consumers want options. Nearly every business today needs to be able to accept credit and debit cards from their customers if they wish to remain competitive. To ensure you can offer multiple payment options, you will likely need access to a merchant account. What is a Merchant Account? A merchant account acts as an intermediary… Read More »Merchant Account, Payment Gateway: What Merchant Services Do You Really Need?
