article thumbnail

Accepting Online Payments with Internet Merchant Accounts

EBizCharge

They provide a secure platform for processing transactions, ensuring the consumer’s payment information and the merchant’s funds are protected. This account is typically integrated with a payment gateway, which is responsible for the safe transmission of transaction data. How do payment gateways work?

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 89
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. P Payment Card A card that can be used to make electronic payments, such as a credit or debit card.

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.