Global Merchant Tips and News

July 2007 - Posts

  • Popular Merchant Account Mistakes

    In the world of business, like any other, mistakes are bound to happen, as you walk on the path of success. This is truer than ever for an ecommerce business. Instead of pointing fingers at who’s to blame, it’s advisable to concentrate on avoiding a few mistakes typical of merchants who accept credit cards for their goods or services. “Free Merchant Accounts” , more often than not are a glitch! The word “Free” is often enough to make merchants forget about studying the agreements & contracts, which...
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  • Merchant Account Fees

    Merchant account services are the services that allow you to accept credit cards as payments, both online and off, and help you handle the credit card transaction processing. Without merchant accounts, your customers would have to pay with cash or check- and believe it or not, most customers will spend more if they can swipe their card and worry about the bill later. The Cost of Accepting Credit Cards Merchant accounts can be costly. There are numerous providers of merchant accounts that are reputable...
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  • When Credit Card Processing Go Wrong

    There are times, however, when the process hits a snag and human beings have to get involved. Although it is 100% computerized, the Visa/MasterCard network is programmed with many “triggers” that will route the transaction to a human being for closer scrutiny when one of those triggers are pulled. The most common triggers are: - Unusual spending patterns that do not match the Cardholder’s normal purchases. - Purchases of products or services that are considered to be in a “high fraud” category. ...
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  • How Credit Card Processing Works

    It seems all too simple. You walk up to the checkout counter, or you hit a web site’s checkout page, you whip out your credit card and – in seconds – you’ve paid for your purchase and you’re on your way. And while it does seem simple from the shopper’s point of view, there is a lot going on behind the scenes in those few seconds between the time the merchant captures the shopper’s credit card number and the time the approval is received from the credit card issuing bank. Let’s take a peek behind...
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