Recurring payment processing is a game-changer for businesses that bill customers on a regular schedule. But like any billing method, recurring payments requires thoughtful implementation. It’s important to understand how it works and follow best practices for setup, automation, and customer management.
Tag: payment processing
Understanding Merchant Underwriting
Merchant underwriting is the foundation of the payment processing system, ensuring that businesses are financially healthy, trustworthy, and capable of securely accepting payments.
Understanding the Payment Settlement Process
Payment settlement is the final step in a transaction, where the money from a customer’s purchase moves into the merchant’s account. It may seem simple, but behind the scenes, multiple players work together to ensure everything runs smoothly.
Streamline In-Person Payments
In-person payments are financial transactions where the seller and buyer are physically present at the point of sale. These transactions are the foundation of many businesses, facilitating seamless exchanges of goods and services in real time.
Navigating Processing Fees: Best Practices for Cash Discounting and Surcharging
To alleviate the impact of processing fees, many businesses are turning to cash discounting and surcharging strategies. We explore the best practices for implementing these strategies effectively.