Incorporating Processing Fees When Setting Prices

But the fees you pay when your customer makes a purchase by card should factor into your overall pricing strategy. Otherwise, you’re bringing in less money from each sale. In this article, I’ll talk about possible strategies to help offset costs without alienating customers. Costs of Accepting Credit Cards You probably already know that every …

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Square Connect: Taking Payments Online

Initially called Square Connect, Square’s website now just refers to online payment options with Square. What is Square Online Payments? The Square online payment options lets businesses with self-hosted / existing e-commerce websites seamlessly integrate their site with Square to accept payments and manage business data on a web-based dashboard. Before this option, there wasn’t …

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Address Verification Service (AVS)

When is AVS used? Address Verification is used in all kinds of credit card scenarios. It’s most common in ecommerce and other “card-not-present” transactions, as those transactions have fewer alternative means of verifying a cardholder’s identity. But AVS can be used in person, too. AVS is also one component in qualifying for enhanced data (level …

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Chargebacks: A Survival Guide

From a business’ perspective, however, chargebacks can often be a costly hassle. The burden of proof to show that a customer has been rightfully charged falls on you, and when consumers successfully dispute charges, you lose both the product sold and the revenue from that sale. Even when a dispute is unsuccessful, the acquiring bank will withhold …

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