Have you been wondering – what’s a CVV on a debit card and how do I look for one on my own piece of plastic? We will share with you everything about CSC numbers and how merchants can use them to prevent fraudulent transactions when dealing with purchases made over the phone, online payments, and invoice payments. Sellers should always request CSC codes so they can know for sure that the rightful cardholder has made the purchase.
With the advent of the Internet and online shopping, new ways of processing digital payments had to be introduced. Retailers had to meet the requirements of customers who wanted to purchase different goods online. The expansion of the customer base brought about the use of an eCommerce merchant account. Any enterprise that sells goods and services online is required to have one since it is designed for accepting cashless payments.
You’ve undoubtedly heard of it and probably own a smartphone that supports it, but what is NFC on a phone or other devices? Also, how exactly are merchant services for credit card processing and this technology related? And what does it mean for a seller and customer? Improve your business and know how to use this revolutionary discovery in the best possible way.
What is a payment gateway, and how does it work? If you are an aspiring online merchant who’s trying to establish a successful enterprise, it is necessary to know how to successfully implement gateways into the purchase process. Of course, you will not have to delve too deep into this issue, but the fundamentals have to be understood.
Online merchants are thriving more than ever, and it is expected that the next two years will be the most lucrative ones yet. Unfortunately, fraudsters are following trends as well, and as the marketplace continues to expand, eCommerce fraud is becoming an increasingly bigger problem. eCommerce fraud protection is a serious topic that every online business should consider seriously, and you can begin by getting to know what kind of scams exist.
If you are new both to the e-commerce and cashless payments world, but you want to expand your enterprise and draw new customers, you should get accustomed to the terminology. At first, it may seem that payment gateway vs. merchant account are similar things or that your business can run without one of them. But in reality, you will need to use both.
The world of merchants revolves around customers, and the final goal of any business owner is to meet the needs of their clients. This includes all payment options people may find convenient, including paying with their mobile phones. But first things first, you’ll need to understand what is a mobile payment, how it works, and how it can benefit your business.
Currently, PayPal is the most used payment method among merchants, but it’s not the most popular or liked. Many use PayPal for their businesses as a means to an end without knowing an alternative solution – Merchant Chimp. So what makes it better, and who wins in the battle of Merchant Chimp vs PayPal?
It never hurts to know how much you can save.
