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Tailored Tips

Reduce Fraudulent Activity On Your Merchant Account

Credit card fraud has been steadily on the rise as criminals develop even more inventive ways of stealing financial data for unauthorized purchases. The introduction of EMV credit cards is helping to reduce fraudulent activity within brick-and-mortar retail stores. However, in the online world, the security features that come with these chip-enabled cards offer only limited protection. As a result, security experts predict that Web-based credit card fraud could exceed $6.5 billion by 2018.

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4 Reasons Why Your Business Should Offer Gift Cards

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.

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How Long Until Cash Is A Thing Of The Past?

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?

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The Value of Accepting B2B Credit Card Payments

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.

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What Is EMV & How Does It Effect My Business?

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.

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4 Reasons Why A Merchant Account Is Better Than PayPal

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.

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Beware of Teaser Rates

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...

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Level 3 Processing

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.

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Credit Card Processing Fees

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:

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How To Avoid Chargebacks

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:

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