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Accepting Online Payments with Internet Merchant Accounts

EBizCharge

Enter the Internet merchant account, a key player in this financial ecosystem. By understanding the components and processes involved in Internet merchant accounts, businesses can streamline their payment operations and provide a seamless shopping experience. What is an Internet merchant account?

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Payment Processing for Small Businesses: What They Don’t Tell You

Clearly Payments

Fraud-related chargebacks account for 70% of all disputes. The chargeback rate should stay below 1% going above this can lead to fines or even account termination. Fraud Risks Cross-border transactions have twice the fraud risk compared to domestic payments, leading to stricter verification measures.

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The Best Way for a Business to Handle Chargeback Management

Clearly Payments

Operational challenges: A high chargeback ratio could lead to higher processing fees or the loss of your merchant account. Fraud Prevention Tools : Use CVV verification , address verification systems (AVS), and machine learning algorithms.

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A Complete Guide to Securely Process Credit Cards in Sage 100

EBizCharge

The Sage 100 system provides comprehensive tools for accounting, financial management, inventory control, manufacturing, and distribution. Additionally, Sage 100 integrations provide automated reconciliation, ensuring that transactions are accurately matched to invoices and recorded in accounts receivable (AR) without manual effort.

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

Fi911

When merchants accept credit card or debit card payments, the hope is that the funds from that sale will remain in their account as revenue. A payment reversal is the process through which funds from a transaction are returned to the payer’s account. Require Card Verification Value (CVV) numbers for online purchases.

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A Complete Guide to Acumatica Credit Card Processing

EBizCharge

When integrated with a powerful payment processing solution, Acumatica provides a comprehensive suite of tools for accounting, finance, customer relationship management (CRM), inventory management, and project management. Acumatica is a cloud-based ERP software designed to help businesses manage their core financial processes efficiently.

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How to Win Chargeback Disputes

Clearly Payments

The bank then initiates a chargeback, withdrawing the funds from the merchant’s account and crediting it back to the cardholder. Duplicate Charges: The cardholder’s account was charged multiple times for the same transaction. IP Address Verification: For online transactions, provide IP address information and geolocation data.