article thumbnail

What are Payment Reversals? Why Do They Happen & How Can Merchants Stop Them?

Fi911

Address customer complaints and inquiries promptly to resolve potential issues before they escalate. Secure Payment Processes: Use secure payment gateways to protect sensitive customer information. Also, implement fraud detection systems to identify and mitigate suspicious transactions.

Payer 88
article thumbnail

Accepting Online Payments with Internet Merchant Accounts

EBizCharge

This account is typically integrated with a payment gateway, which is responsible for the safe transmission of transaction data. Payment gateway integration: Most Internet merchant accounts integrate with a payment gateway. How do payment gateways work? This integration ensures a seamless and secure transaction flow.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How Much Do Credit Card Companies Charge Merchants?

Stax

These include per-transaction fees and fees that are charged on a recurring basis to maintain certain services: Gateway fees. There will be a fee for using an online payment gateway to securely transmit payment data to the card network and the acquiring bank. Statement fees.

article thumbnail

Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Address Verification System (AVS) A system that compares the billing address provided by the cardholder with the address on file with the card issuer to verify the authenticity of a transaction. Average Ticket Size The average dollar amount of each transaction processed by the merchant.

Process 52
article thumbnail

Reasons Why Credit Cards Get Declined

Clearly Payments

Example : A shopper entering their address incorrectly during an online checkout process. Use address verification systems (AVS) to prompt customers to correct mismatches. Solution for Merchants : Regularly update point-of-sale (POS) and payment gateway systems to ensure smooth functionality.