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13 Apr
What Are NFTs and How Are They Connected to Crypto?
NFTs, short for non-fungible tokens, have been shaking up the world recently. One of the latest booming cases is the first digital art auction where the NFT-based artwork created by the artist Beeple was sold for $69 million. In today’s article, we are going to explain what non-fungible tokens are, how they can be used,
Chargebacks and dispute settlement
Chargebacks are uninterestingly becoming a part of payment system. This is not good. Although, chargebacks can be unavoidable at times but it has other end too. Consumers claim that 67% such incidences could have been avoidable. But, is it really that easy? So, we need to dig deep to find the answers. Chargebacks happening again
14 Apr
Know your CBD!
CBD- Cannabidoil has unnecessary rumours still circulating. It is easy for people to be diverted by all those uninformed news. Hence, it is important for you to know what you are selling! Why so?- Just so you can brand the product effectively. As a merchant in the CBD industry, it is not easy to brand
12 Dec
Rolling Reserve – What is that?
A rolling reserve is a chargeback risk prevention tool, and is used with any business model that is deemed high risk of getting them. For the most part bank will set a firm percentage based on the risk involved with the business. Can be 5%-20% of transaction value per month. (10% of 100.000 processed would
10 Dec
All High Risk Industries
What categorizes a merchant as high risk besides MCC codes. It is based on product sold, company location, straight-sale/webshop or recurring, Card not present, if risk for chargebacks is high. Which is most acquirers is above 1% even though some industries are under but still counts as high risk merchants. There are three categories of
