Blog

Are you dissatisfied with an item you’ve just bought, or you haven’t received the goods you’ve ordered? Or maybe you believe someone has misused your credit card? If any of these situations is something you’re dealing with, then you should know how to dispute a charge on a debit card. Here is how you can do it and what your consumer rights are when it comes to getting your money back.

Owning a business nowadays can not be imagined without some sort of credit card processing. More and more people prefer to use cash-free or online purchases. And if you are a merchant, you will want to have all the options available for your clients. There are third-party payment processors you can sign up for, aside from credit card processing companies. But how to choose the right option, and what is a third-party payment processor? We will try to answer this and many more questions.

Cashless payment methods have changed the way we trade. Many small businesses succeeded in scaling their companies thanks to innovative technologies, like a wireless credit-card machine, which enabled them to accept payments out of their stores. Not only are buyers more likely to spend when using plastic, but they are also ready to give up on a purchase if their preferred method of paying is unavailable. For that reason, providing your clients with more options to pay is of essential importance to boost your sales.

Each time a transaction takes place, your payment processor returns a response code. However, not every payment transaction is allowed. That is the time when you might receive one of the First Data decline codes. Some of them are more common than others, but it’s always helpful to know more about the codes you can receive. Read our guide and learn about the response reason codes that might pop up during an unsuccessful transaction.

A merchant ID or MID is an extremely important piece of data for your business and online payments. With so many transactions happening each second, you probably wonder how all these different entities can tell who is paying where, what the route of that transaction should be, and how the payment gets to the right recipient. The merchant identification number is the answer for that. Let’s see how it works and what else you should know about it.

For 67% of Americans, plastic is the most preferred payment method. On a daily basis, there are more than 108.6 million cashless transactions only in the US. Swiping and tapping to pay are so easy to perform. But how do credit card machines work exactly, and what happens when the merchant presses that green button on the POS terminal? To see what happens behind the scenes, stay tuned!

Whether your buyers operate online or purchase the goods you offer in a traditional brick-and-mortar store, knowing about the lowest credit card processing fees is a must. Take a deep dive into these facts and answer your main questions – What are the lowest credit card processing fees, what is the difference between interchange, flat rate, or assessment expenses, and, more importantly – how can you use this knowledge to save up?

Seeing a do not honor error on your terminal is certainly not pleasant, neither for you nor the cardholder. However, this is the most common code and you’ve probably encountered it at some point in your life while paying with or accepting plastic. What does do not honor decline code mean on the credit card? Why does it happen, and what can you do about it? Let’s find out.