Remove Disputes Remove Processing Costs Remove Product
article thumbnail

Navigate Dual Pricing: A Practical Approach to Lower Processing Fees

EBizCharge

Dual pricing is a strategy where businesses offer two different prices for a product or service based on the payment method, such as cash or credit cards. When used legally, the dual pricing approach can help businesses navigate the complexities of processing fees and empower consumers to make informed decisions at the point of sale (POS).

Process 52
article thumbnail

Chargeback abuse emerges as a top challenge for merchants: How to combat the growing threat

The Payments Association

This convenience has led to widespread abuse, known as “friendly fraud” or chargeback misuse, where consumers file disputes without valid reasons. Chargeback abuse: A more granular look Chargeback abuse stems from cardholders disputing charges for illegitimate reasons. The overall net recovery rate for all disputes stands at just 18%.

article thumbnail

How Tariffs are Impacting Payments and Credit Card Processing

Clearly Payments

For example, a 2.75% fee on a $100 transaction becomes significantly more noticeable when the same product now costs $120 due to tariffs. Will Tariffs Increase Payment Processing Fees? Tariffs apply to goods , not services like payment processing. Increased chargebacks or returns Higher dispute management costs.

article thumbnail

How To Integrate a Payment Gateway into Sage Software

EBizCharge

Integrating a payment gateway into Sage accounting software provides numerous advantages for merchants, including streamlined payment processes, improved cash flow, and enhanced security. This article will walk you through the integration process in Sage, from selecting the right payment gateway provider to enabling and testing your solution.

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.

article thumbnail

The Ultimate Guide to Accepting Credit Card Payments

Stax

Mobile card readers are particularly suited for merchants that sell their products at farmers markets, fairs, trade shows, etc., You are also given a merchant account where your processed payments are deposited. The merchant in short, is the business that accepts card payments from customers in exchange for their products or services.

article thumbnail

The Top Payment Methods For Small Businesses

Stax

The beauty of it all is that the credit facilities they offer can make your products and services much more financially accessible to customers, which could lead to more sales. An invoice is a document that outlines the nature and quantity of services and goods provided to a customer as well as the associated costs and other relevant details.