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“And for largemerchants dealing with thousands of shoppers every hour, even seemingly minuscule changes in a conversion rate can noticeably affect revenue, positively or negatively. Thus, every online merchant should work to raise conversion rates as high as possible.” ” So how can this be combated?
Merchant’s industry and size The size of a merchant’s processing volumes, as well as the industry they operate in, has a huge influence on credit card processing fees. On the flip side, frequent incidences of fraud or unstable processing volumes can result in higher fees.
Preston noted that there’d been a global collaboration globally between largemerchants and big banks to design that is going to allow consumers to transact in the way we want and by leveraging the authentication protocol they want, whether it’s biometric, soft token or SMS. addresses,” said Preston.
How does a Merchant Account work? After a nonprofit has secured a merchant account, it can accept card payments. These added security features and fraudprevention measures will provide your donors with additional peace of mind and may even contribute to their ongoing support.
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