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What Canadian Merchants Need to Know About International Payment Processing

Clearly Payments

Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention. Payment processing and data handling rules vary by country, and non-compliance can result in fines or a loss of customer trust.

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The Hidden Costs of Payment Processing No One Talks About

Clearly Payments

However, what many merchants dont realize is that there can be a whole range of extra, often hidden costs buried in their processing agreements. In this article, well walk you through the not-so-obvious side of payment processing, covering everything from seemingly small charges like statement fees to big hits like chargeback fees.

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Post-Holiday Returns, Chargebacks Could Undermine Record-Breaking 2024 Shopping Season

Fintech Finance

January and February are typically peak months for chargebacks, as most disputes occur 45 to 60 days post-purchase, although cardholders usually have up to 120 days after a purchase to make a chargeback claim, depending on the card network. This data can serve as evidence in the representment process or highlight operational errors.

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What is a BIN in Payment Processing

Clearly Payments

In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. Why is the BIN Important in Payments?

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How to Package and Price Embedded Analytics

Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.

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Air Europa Allows Split Payment for Tickets in the Online Purchase Process

Fintech Finance

We are very pleased to have these solutions in our online purchasing process. We are delighted with the results Air Europa can achieve by implementing Hands In solutions natively in its payment process. The post Air Europa Allows Split Payment for Tickets in the Online Purchase Process appeared first on FF News | Fintech Finance.

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Credit Card Processing Savings: Chasing the Unicorn

Cardfellow

Start from the Bottom When trying to reduce processing fees, too many business owners make the mistake of starting at the top and working their way down. It may sound like a minor distinction, but working from the bottom up is the most reliable way to achieve your goal: paying as little as possible for processing. So find the bottom.