Plastic that allows you to pay for services and products has been around since the 1950s. And since then, it has been transformed and developed, bringing us different types of credit cards. Since numbers don’t lie, they show that plastic has become essential to the economy. So, let’s check credit card statistics that will show you just how applicable and useful plastic can be to both customers and businesses.
Sometimes mistakes can happen, you can charge products that never got to customers, or they’ll want to return. Also, the credit card company can charge twice for the same item. The customers will want their money back. Knowing everything about disputing a credit card charge should be a must for a business owner. Luckily for everybody involved, most of these errors can be corrected in a few easy steps – learn all about them in the following article.
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.
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?
Having difficulties processing payments when a customer is ready to make a purchase can be troublesome. Especially when the payment is denied due to potential fraudulent activities. What does hold call mean on credit card processors? Knowing the answer to that question, as well as how to decode the numbers that appeared on the terminal screen as a sign something is wrong with the transaction, is of essential importance.
If you’re an entrepreneur in today’s world, weighing up the pros and cons of using a credit card VS cash is definitely something you should do. Not so long ago, startups were suited to take cash payments only, whereas nowadays – when 70% of people have at least one credit card – changes are inevitable. So although it’s no big secret that we are moving towards a cashless society, there are costs you will have to pay for settling for one of these (or both).
When you’re running a company, every decision you make along the way is crucial. Deciding what the best credit card machine for a small business is and getting the right equipment is a major turning point. It will impact your success in the long run. So read on to get to know about the most influential brands, modern features, processors, and more. Save your money, increase your revenue, and boost customer experience with our helpful tips.
It never hurts to know how much you can save.
