Remove Cost Structure Remove CRM Remove Disputes
article thumbnail

What is a Payment Processing System and How Does It Work?

Stax

You also have to manually reconcile payments with accounting, inventory, or customer relationship management (CRM) systems. Additionally, ensure the processor works well with other business tools like CRM, enterprise resource planning (ERP), and accounting software. Also, evaluate the providers dispute and chargeback resolution speed.

Process 88
article thumbnail

How Do You Offset Credit Card Processing Fees?

EBizCharge

Chargeback fees can occur when a customer disputes a transaction. If the dispute is resolved in favor of the customer, the merchant is charged a fee to cover the processing cost of reversing the transaction. By leveraging this advanced processing, companies can improve their cost structure significantly.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is a Payment Facilitator: Understanding PayFac

EBizCharge

Integrated processing: The PayFac handles the entire payment process, including transactions, security, compliance, and integrations with ERP, eCommerce, or CRM software. Support and services: PayFacs typically offer a more comprehensive suite of services, including billing, customer support, and handling disputes.

article thumbnail

Understanding No Fee Credit Card Processing: What Every Business Owner Should Know

EBizCharge

This approach helps simplify merchants’ cost structures and can be advantageous if customers are comfortable with the pricing strategy. Use an integrated system: Integrating accounting, inventory, and payment systems may offer discounted processing rates and reduce errors that can inadvertently increase costs.