All Posts by Michelle Nickolaisen

Our Top 8 Tips to Prevent Credit Card Fraud

Have $46,000 to spare? That’s the average total of direct and indirect costs of SMB businesses trying to recover from credit card fraud. The scope of the problem Typically, the hackers and scammers who specialize in credit card fraud use one of two tactics: Focusing an attack one large company, as when Target suffered a data breach involving 70 million credit and debit cards. Striking at multiple ATMs and small businesses, affecting thousands of people, one card at a time. That second tactic is where your business potentially becomes a victim. For solopreneurs or small-to-medium-sized business (SMB) owners who don’t have the financial cushion of larger corporations, recovery from credit card fraud can be financially devastating. The effects are long-ranging, […]

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How Millennials are Shaping the Future of Ecommerce

This is the third in a series of three posts on the future of payments. Check out the other posts to see what the near future looks like and what subscription businesses will look like in 2030. To thrive as a subscription-based business, you need to understand the buying patterns of your consumers. This is especially true for millennials — those people born between 1981-1996. They’re now the largest generation in national history, representing 92 million U.S. consumers. Millennials in the marketplace As a group, millennials have high disposable incomes and control more than $600 billion in annual buying power. By 2020, they’re are forecasted to spend $1.4 trillion annually, accounting for 30% of total retail sales. In particular, millennials […]

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Rebilling 101: Every Payment Term You Need to Know

When you decide to start a subscription business, the sheer amount of terms to learn can be overwhelming. What’s the difference between a blacklist and a greylist? What’s dunning, and how can you use it to decrease involuntary churn? Read on to find out all of these answers and more: The basics: Payment processing terms you absolutely need to know There are a lot of terms to keep in mind, but these are the ones you absolutely need to know to be able to run your subscription business well: Blacklists and Greylists A stored value that if matched results in aborting an operation. For example, in Rebilly, you can block customers from purchasing based on the following: Customer IP address […]

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