Did you know that retail e-commerce revenue in the U.S. is set to jump from $768 billion in 2021 to a massive $1.3 trillion by 2025? This shows how important it is for businesses to use strong digital payment solutions.…
Did you know that businesses often lose up to 1.5% of their revenue due to fees they didn't see coming? As a business owner, you get these monthly reports. But, understanding the fees from processing to chargebacks can feel like…
Did you know about 15% of online payments fail worldwide? This shows how key the Mastercard Merchant Advice Code (MAC) is. It gives merchants clear reasons for payment failures, making it easier to fix issues. The Mastercard Merchant Advice Code…
Did you know that up to 70% of all credit card fraud is friendly fraud? It costs the industry over $132 billion each year. This shows how big the problem is in ecommerce and digital transactions. But what is friendly…
Did you know the global e-commerce market is growing fast? It's expected to increase by 15.5% each year from 2021 to 2027. To succeed, e-commerce businesses need to use local payment methods. This includes digital wallets and regional options like…
Did you know that up to 90% of hotel and car rental businesses use preauthorization holds? This is to make sure the customer's payment method is good. To "Preauthorize Credit Card" means holding funds without actually charging the card. This…
Did you know that businesses pay nearly $130 billion a year in credit card fees? This shows how vital it is to understand pass through fees in business. For many merchants, dealing with payment processing costs can be tough. It's…
Did you know that nearly 60% of new businesses fail in high risk industries? This is often due to regulatory and financial hurdles. High risk industries face a higher chance of operational, regulatory, and reputational risks. These sectors are identified…