Basically, a chargeback is a transaction in reverse, started by the cardholder's bank. As opposed to placing funds into your merchant account, it takes them out. You need to pay a fee for each chargeback, in addition, if you get…
If you've ever applied for a merchant account you may have been asked to provide credit card processing history. Acquiring banks ask for processing history to get an idea of how your e-commerce business has performed recently, in terms of…
For the last several years, there has been substantial growth in e-commerce. In response, the European Union is amending its regulations surrounding it. As a result, the PSD2 (Payment Services Directive 2) has replaced the original Payment Services Directive. PSD2…