Not a day goes by that we don’t encounter some confusion around the payments industry language. What complicates things is that many of these payment terms can have multiple meanings, depending on the context. This article provides a foundation and explains how we understand these words. Having a basic understanding of these terms and how […]
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For online sellers and more specifically subscription business owners, a lost merchant account is the worst case scenario. What many don’t know is that there is a way to continue business in the event of a lost merchant account. So, here it is: how to completely avoid downtime after losing your merchant account. BE PREPARED! […]
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What is a transaction success rate? A transaction success rate (TSR) is calculated by dividing the total number of successful (approved) transactions by the total number of attempted transactions over a given time period. For example, if you ran 100 transactions, and 93 of them were successful, you’d have a transaction success rate of .93, […]
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