Declined Card Retries: The Dos and Don’ts
If you’ve ever managed a business you’re familiar with that sinking feeling associated with a customer at checkout entering their card and getting a decline message. Worse, the customer abandons the cart and the opportunity disappears. In a situation where tiny improvements in authorization rates can move the revenue needle substantially, dealing with declined cards […]
Credit Card Industry Laws
In addition to the Payment Card Industry (PCI) security standards enforced by the major credit card brands, federal regulations dictate how credit cards are allowed to be issued, processed and handled. Under section 6050W of the IRS tax code that came with the Housing Assistance Act of 2008, payment processors are required to submit an annual 1099-K […]
Supplement & Nutraceutical Merchant Account
Learn about the risk factors associated with supplement/nutraceutical businesses and how to shield yours from financial loss to maximize profits when setting up a merchant account. “Nutraceutical” is a buzzword in the supplements industry, but what exactly does it mean? It’s a combination of the words “pharmaceutical” and “nutrition,” and a category of the umbrella […]