Testing the Surcharging Waters with Empower Lite
Empower Lite is a flexible surcharging program that allows you to pass along just 1% – 3% of your processing costs to customers – instead of the 4% passed along with traditional surcharging.
In today’s world, smart devices are literally everywhere. From smartphones and smart watches to voice-controlled smart home devices and more, we are increasingly relying on Internet-connected devices to make our lives easier. One area where we’re seeing rapid growth is with smart credit card terminals.
On this episode of Connects, Clearent’s own Phil Ricci and Mandy Dunfee discuss the recent overwhelming popularity of the ‘Buy Now Pay Later’ service and if small businesses should look to adopt this strategy now or wait until later to get on board.
When it comes to security in the world of electronic payments, Europe has been ahead of the United States in many ways for several years. The revised Payment Services Directive (PSD2), which sets stricter requirements for authenticating online payments, is another example of their innovation, at least regulatory-wise. While these mandates do not impact American banks, service providers and merchants from a legal standpoint, they definitely raise important points for the U.S. to consider.
COVID has delayed the second Payment Services Directive, or PSD2, in Europe, allowing card and payment providers to meet new authentication required standards by December 31, 2020. While this effects Euro cardholders by ensuring payments are performed with multi-factor authentication, this also has a reaching effect in the US as we have now become an easier target for fraud and illegal activities.
Online medical billing and no-touch payment options are the future of the medical billing industry. Integrated payment solutions can offer a seamless transaction experience for both patients and providers. To learn more about these solutions and how you can adopt them check out this article from our partner, MailMyStatements.
Making you more profitable isn’t just our job, it’s our passion. Discover how Clearent can be your partner in payment solutions.Learn More
We compiled some key chargeback resources, including What are Chargebacks?, Best Ways to Deal with Chargebacks and How to Avoid Chargebacks.