Each business that applies for a merchant account is evaluated and determined whether it is low risk or high risk. The main difference is that payment providers monitor high risk merchants more strictly and charge higher costs. Low risk merchants can operate cheaper and more freely. Why are risks important for payment service providers? You ...
Searching for the best payment gateway or the best payment solution for your project? Keep in mind that what is best for somebody else is not necessarily best for you. In order to select a perfect payment gateway for your business, you need to take into account some vital aspects. 1. The country where your ...
One-click payments sound easy and effective, right? But what exactly are they, and how can they be used in e-commerce businesses? So firstly, let’s define the concept and learn how to use this payment feature. One-click payments are essentially what it says on the tin – payments made with just one click of the mouse ...
The travel industry has been on a rise for decades, but have you ever wondered what is the reason behind it? One of the explanations could be that the world is getting more and more open as globalisation has reached almost every corner of the planet. That means travelling has become more accessible for the ...
A large number of online merchants, especially those focused on the international market, choose credit and debit cards as a payment method for their business. For buyers, card payments seem to be a quick and easy process, as they only need to enter their card details. However, you, an online merchant, should get to know ...
As everyday life shifts more and more into the online world, dating has travelled to the web as well. Nowadays, finding a date on an app/website is more common than meeting someone “the old-fashioned way”. There is plenty of different types of dating-related websites/apps, but some of them could be quite ambiguous offering misleading services. ...
You have checked your transactions list and noticed that a big number of declined transactions are marked as Do Not Honour. What does it mean? It means that the cardholder’s issuing bank declined the payment for an unspecified reason. Such an explanation may still be vague and raise further questions. In this blog post, we ...
You go to the checkout, enter your card details, and, voilà, your order is on the way to you. However, the process that looks so easy from the customers’ perspective is actually very elaborate. This blog post explains card processing in a simplified way. In order to accept payments from customers, an online shop needs a payment gateway, ...
An online business without card payments is like a car with three wheels – it does not run properly. Your e-shop might not last long only with bank transfers and cash on delivery while your competitors accept card payments. So, you should not hesitate to implement this option in your e-shop as well. The main reasons ...
We introduced Visa chargeback reasons in one of our previous blog posts. Similarly to Visa, Mastercard has its special codes for chargeback reasons. Mastercard chargebacks are classified into 4 categories: Authorization, Cardholder disputes, Fraud, and Point-of-Interaction errors. This article will focus on the most frequent Mastercard chargeback reasons to help you understand them better. Authorization-related ...