High-Risk vs. Low-Risk Merchant Accounts

High-Risk vs. Low-Risk Merchant Accounts Merchant accounts enable businesses to accept electronic payments, like credit cards. These accounts are classified as high-risk or low-risk, depending on factors like industry type, fraud potential, and transaction volume. This classification impacts fees, approval processes, and account terms. Key Differences: Low-Risk Accounts: Lower fees (1.5%-3%), minimal restrictions, and faster […]

Best Practices for BNPL API Integration

Buy Now, Pay Later (BNPL) is transforming how people shop online, offering payment flexibility that drives higher sales and customer satisfaction. By 2025, BNPL is expected to handle nearly $122.26 billion in transactions in the U.S. alone, with 43% of users being Millennials. However, successful integration of BNPL APIs requires careful planning, security measures, and […]

10 Customer Communication Tips to Prevent Chargebacks

Chargebacks are a costly problem for businesses, with U.S. merchants losing $240 for every $100 in chargebacks. Surprisingly, most disputes arise from poor communication, not fraud. Key stats reveal that 23% of customers file chargebacks immediately after an issue, and 80% of consumers report never being contacted by the merchant after filing a dispute. Addressing […]

CNP Fraud Prevention Checklist for Businesses

Card-not-present (CNP) fraud is a growing concern for businesses, especially as online transactions become more common. This type of fraud, where stolen credit card details are used without the physical card, has led to billions in losses globally. In 2023 alone, U.S. businesses faced $9.49 billion in CNP fraud losses, with projections showing this figure […]

Device Fingerprinting in E-commerce Fraud Prevention

E-commerce fraud is expensive, growing, and complex – but device fingerprinting offers a powerful way to fight back. By identifying devices based on their unique configurations and behaviors, merchants can detect fraud more accurately and reduce risks like chargebacks and account takeovers. Key Highlights: Fraud Detection Accuracy: Device fingerprinting identifies returning users with 99.5% accuracy […]

Ultimate Guide to Chargeback Evidence Submission

Ultimate Guide to Chargeback Evidence Submission Chargebacks happen when a customer disputes a card transaction, forcing the bank to reverse the payment. As a merchant, you must provide evidence to prove the transaction was legitimate. Without the right documentation, you risk losing money and damaging your business reputation. Key Points to Get Started: Common Causes […]

What Is Dynamic Currency Conversion?

Dynamic Currency Conversion (DCC) is a service that lets you pay in your home currency when using a foreign card abroad or online. Here’s how it works and why it matters: How It Works: When you use your card, you’re given two options – pay in the local currency or your home currency. The system […]

What Is Risk Scoring in Payment Processing?

Risk scoring in payment processing is a system that assigns a numerical value to transactions to assess their likelihood of fraud. It helps businesses decide whether to approve, review, or decline transactions in real time. Here’s what you need to know: What it does: Detects fraud by analyzing data like IP addresses, geolocation, and customer […]

7 Types of Payment Processing Methods

Did you know? Offering diverse payment methods can boost your business revenue by up to 30%, while nearly half of customers will leave if their preferred option isn’t available. Payment processing is essential for smooth, secure transactions, and in today’s cashless world, businesses need to adapt. Here’s a quick overview of the 7 payment processing […]

Ultimate Guide to E-commerce Fraud Detection

E-commerce fraud is a growing threat, costing businesses $48 billion in 2023 alone. It impacts merchants and customers through identity theft, account takeovers, chargebacks, and more. Here’s what you need to know: Top Fraud Types: Synthetic identity fraud, account takeovers (ATOs), and chargeback/refund fraud. Key Stats: 74% of payment card fraud is card-not-present; 1 in […]