Tailored Tips
4 Reasons Why Your Business Should Offer Gift Cards
Posted on: Monday, July 11, 2016
Gift cards represent a safe and convenient way for consumers to buy the products and services they love. In fact, Americans are so enamored with this payment option that in 2015 alone, they collectively purchased over $127 billion worth of gift cards for their friends and family. If your business does not currently offer gift cards, you're missing out on a huge slice of retail spending. Here are some important reasons why your business should be offering gift cards to your customers.
» Read moreHow Long Until Cash Is A Thing Of The Past?
Posted on: Thursday, June 30, 2016
Roughly 10 percent of all Americans don't carry any type of cash at all, and nearly 80 percent of shoppers keep less than $50 in their wallets — and why should they?
» Read moreThe Value of Accepting B2B Credit Card Payments
Posted on: Wednesday, June 29, 2016
With the average credit card debt exceeding $15,000 per household, it’s safe to say that American consumers love shopping with plastic. They may not be crazy about the interest rates, but the convenience, speed and security are hard to beat.
» Read moreWhat Is EMV & How Does It Effect My Business?
Posted on: Wednesday, June 1, 2016
If you have received a new credit or debit card recently, it probably looks a little different. For the past 18 months, all newly issued cards are coming equipped with something called EMV technology, which stands for “Europay, MasterCard, and Visa.” Translation: they contain a super-small computer chip that’s extremely hard to counterfeit or duplicate.
» Read more4 Reasons Why A Merchant Account Is Better Than PayPal
Posted on: Friday, May 13, 2016
Merchant accounts have several distinct advantages over PayPal accounts. Here are four important reasons why your business should choose using a merchant account over PayPal. Next Day Funding We will setup your merchant account with Next Day Funding. This means that all of the money that your business is paid today through credit card transactions, will be fully available in your bank account tomorrow morning. There are no delays or waiting multiple days for your money to be deposited.
» Read moreBeware of Teaser Rates
Posted on: Thursday, April 28, 2016
When your business goes shopping for a new credit card processor, there are a few key factors that you should strongly consider, including the type of credit card processing your business needs (Retail, MO/TO, Mobile or Internet), the reputation and reliability of the processor, the level of customer support they offer, and of course... COST. On that last point, Tailored Transactions has some advice for businesses when it comes to evaluating credit card processing rates and fees: Beware of the...
» Read moreLevel 3 Processing
Posted on: Tuesday, April 12, 2016
Add 1% to your bottom line without increasing your sales volume! If your company accepts business, purchasing and government credit card payments, then your merchant account requires a specialized setup that differs from a standard retail or MO/TO merchant account. What your business needs is a B2B merchant account that is setup for Level 3 Processing.
» Read moreCredit Card Processing Fees
Posted on: Monday, April 11, 2016
When your business sets up a merchant account and begins accepting credit card payments, you can expect to pay certain fees. Understanding the different types of fees that are commonly charged will better positioned your business to negotiate lower pricing and dispute any unnecessary charges. The following list is a breakdown of the most common credit card processing fees in our industry:
» Read moreHow To Avoid Chargebacks
Posted on: Friday, April 8, 2016
For those who might not know what a Chargeback is, here is the basic definition: A Chargeback is the reversal of a prior outbound transfer of funds from a consumer's bank account or credit card. This reversal is done after an investigation by the issuing bank has taken place, and the issuing bank deems the retailer in question to be negligent for not having supplied the goods or services paid for in a timely manner. Here are some helpful tips that your business can use to avoid chargebacks:
» Read moreCommon Terminology in Credit Card Processing
Posted on: Thursday, March 17, 2016
Adjustments The amounts credited to, or deducted from, your account to resolve processing and billing discrepancies. Chargebacks / Reversals Those transactions that are challenged or disputed by a cardholder or card-issuing bank. A Chargeback equals the transaction amount that is disputed by the cardholder or card-issuing bank. A Reversal is the amount that initially resolved against the merchant, but has subsequently been resolved in favor of the merchant.
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