EBizCharge

NOVEMBER 27, 2024

An Internet merchant account (IMA) is a type of banking account that allows online businesses to accept credit and debit card payments. It serves as an intermediary between a merchant and a payment processor, facilitating the transfer of funds during online transactions. How do payment gateways work?

Accounts 52

Accounts Payment Gateways Gateways Payment APIs and Integration 52

Fi911

MAY 22, 2024

To perform an authorization reversal, the merchant communicates directly with their payment processor, reversing the authorization and ensuring that the customer’s account reflects the change. Once received, the processor will reverse the transaction and return the funds to the payer’s account.

Payer 89

Payer Address Verification System (AVS) Disputes Payee 89

Stax

JANUARY 10, 2024

Credit card fees, including interchange, assessment, and payment processor fees, impact businesses on a per-transaction or recurring basis. Leveraging technology, monitoring chargebacks, and addressing individual business factors help to reduce credit card fees and improve overall profitability. PCI compliance fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

PayHawk

APRIL 18, 2023

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Approval Code A code provided by the payment processor to indicate that a transaction has been approved.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Clearly Payments

DECEMBER 3, 2024

Incorrect Card Information (15-25% of declines) Errors in entering card details—such as the card number, expiration date, CVV , or billing address—are especially common in online transactions. These mistakes prevent payment processors from authorizing the charge. Save their cart for later if it’s an online transaction.

Credit Cards 52

Credit Cards Address Verification System (AVS) Card Issuer Alternative Payment Methods 52