As a merchant, when we say chargebacks we’re sure a headache, a nuisance and unwanted costs are a few things that come to mind. But what do you think consumers think about? A high-value item that never turned up? Or a random transaction from overseas that definitely doesn’t belong to the cardholder? Although these are […]
The world of online payments can be confusing at times. Common questions we are often asked include: Fortunately, we can answer these questions quickly. No, they aren’t the same thing. And yes, you will need both of them to receive payments from your customers — because they both serve different essential purposes. This is how […]
Back in 2016, in Europe, fraudulent activity from card use amounted to a huge €1.8billion, 73% of that was from card-not-present (CNP) transactions. So, there’s no wonder something had to be done to tackle this. That’s where Strong Customer Authentication (SCA) came in. But what is it and how will SCA impact your business? Let’s […]
As online payments develop, so do the security protocols needed to keep merchants and consumers protected. That’s why it was crucial that 3D Secure 1.0, which was introduced back in 1999, was updated to keep up with the latest technologies and fraudulent risks. Read on to find out how 3D Secure version 2 is better […]
Internet shopping in the UK and around the world has become increasingly popular. As online transactions rise, so does the risk. Due to the heightened authorisation processes, sometimes a genuine transaction can get declined, and therefore, the merchant will miss out on a legitimate sale – very frustrating for both the merchant and the customer! […]
Are you classed as a high-risk business? Then we completely understand the struggles you may be experiencing when on the search for the right payment provider. However, do not fear, you’re in the right place. Starting from the beginning, let’s run through everything there is to know about payment processing for high-risk businesses. What is […]
Card schemes, like Visa and Mastercard, regularly update their rules and fees. It can be hard to keep up, but if you’re with a payment provider, like Total Processing, then we will help keep you in the loop so that you don’t pay more than you need to. In this blog, we’ll cover the rules […]
A guide to 3D Secure authentication If you have ever used a credit card or debit card to make a payment while online shopping, which, let’s be honest, we’d be surprised if you haven’t, then it is likely that you have already used 3D Secure (3DS). And if you’re accepting payments online, then it’s important […]
Are chargebacks negatively affecting your business? Unfortunately, they do have a history of doing that when not managed properly. Thankfully, a lot has changed over the years and merchants have more protection and systems in place to prevent chargebacks from happening. However, more and more people are shopping or paying for a service online increasing […]
Cryptocurrency has become a global phenomenon. All around the world consumers are buying and selling digital assets, and playing virtual games built around them. Businesses have even jumped on board and have made it possible to use crypto as payment. But, although cryptocurrency has been around for a while now and is continuously growing at […]
Recurring payments have drastically become a popular business model. And it’s no wonder when you look at the perks. We’re not just talking you’re typical lending businesses; subscription services have seriously taken over. But why is that? Well, when it comes to optimising the checkout experience, aka the secret to success for every modern-day e-commerce […]
The subscription-based economy is already a considerably popular market with the rise of Netflix, Spotify, Audible, Hello Fresh and Disney Plus subscriptions. It’s rare to find someone who doesn’t have at least one subscription set up these days. In fact, pymnts.com conducted a case study that found 64% of millennials have at least one of […]