Subscription Merchants: 7 Fundamentals for Recurring Billing
Seven simple steps you can take in your recurring transactions that are just as important as the product to keep each account rolling.
Seven simple steps you can take in your recurring transactions that are just as important as the product to keep each account rolling.
Receipts are needed for bookkeeping and taxes, of course, but they are equally important for retrieval requests.
A spike in chargebacks will follow the spike in sales. Friendly fraud will creep in like a frost as those post-holiday bank statements roll in.
High-risk businesses aren’t necessarily “bad” business. On the contrary, if handled right, high-risk business can mean high profits for the bank.
The real danger chargebacks present are not just the fees that accumulate; if you process too many, your processing can be abruptly terminated.
High-risk merchants pay more for processing but gain access to unique opportunities, benefiting both processors and merchants.
PayPal doesn't exactly protect you from chargebacks. But they do offer a Seller Protection Program to help reduce the number of chargebacks and disputes.
VISA has recently made commendable efforts to balance the scales and help reduce chargebacks with the Visa Merchant Purchase Inquiry (VMPI).
Chargebacks are considered to be a friction point between merchants and customers. But it doesn't have to be with the perfect customer service response.
Recurring or subscription billing has taken e-commerce by storm. This is where products and services are provided and billed for regularly over time.
So you're a high-risk merchant; it's really not the end of the world. High-risk merchants have superior access to global markets and unlimited processing.
Compared to cash purchases, the authorization of credit card transactions is almost comically complicated. To really understand it, you have to read this.