As non-cash payment options have become more widespread, so have different types of fraud. This is why companies should stay alert for the latest scams that can befall their business. First-party fraud is one of these schemes you should be wary of, and to prevent it, you will need to understand it fully.
If you’re looking to pursue an online store, you’ll probably want to understand better how e-commerce business models function. The more you’re acquainted with e-commerce models and its strategies, the better your chances of succeeding in the market. Let’s get into the four most commonly used electronic commerce classifications and five proven strategies that will help you grow your enterprise.
As the vast world of eCommerce continues to grow, along with digital payment options, so does the chance for fraud. If you’ve ever encountered the term friendly fraud, you probably already know that it’s anything but friendly. Despite its name, it can really hurt merchants in a number of ways – through chargeback fees, lost sales, and damage to their brand image.
In the world of e-commerce and online transactions, you’ve probably heard many terms related to processing tossed around equally. The distinction between each can be confusing. Before you decide which one you need for your business, understand the difference between credit card processor vs. gateway.
The goal of any online store is clear, and it’s to achieve a steady inflow of customers and increase revenue. The growth of the customer pool also comes with a growing need to protect them and keep their sensitive data secure from any eCommerce fraud. To be able to do that, you should know about all types of scams that could potentially harm your clients and your business.
Today’s dream is about escaping the 9-to-5 routine and enjoying the freedom of early retirement in their lives. Many Americans are seeking alternatives to the traditional work model, aiming for financial independence and the ability to retire early. In this article, we’ll explore strategies that can help you break free from the 9-to-5 and pave your way toward financial freedom and early retirement.
Being a merchant can be tricky because there’s a lot of financial stuff you need to learn. In the world of merchant services and credit card processing, a pick up card error is something that you might occasionally come across. It might be uncomfortable for a merchant to handle denied transactions, so it’s important to understand the specific reason behind pickup cards error.
Business owners should understand the reality of merchant fraud and its long-term consequences. If not dealt with properly and not prevented, these scams can significantly damage a business’s reputation, sometimes irreparably. That’s why it’s important to talk about defense mechanisms.
It never hurts to know how much you can save.
