All Posts by Molly Richardson

Payment Terms Defined

Demystifying the Payment Terms You Need to Know

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 many of these pieces fit together will help you better understand what you need from a subscription billing software. Have a term you’re curious about? Leave a comment and we’ll add it to this list. Payment Terms Cardholder: Typically this is your customer, who has the payment card. Gateway: A software that transmits transaction requests to another gateway, or a processor, on behalf of a […]

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Lost Merchant Account? Here’s How To Avoid Downtime

One Simple Trick to Dodge Downtime After Losing Your Merchant Account

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’s our guide on how to completely avoid downtime after losing your merchant account. Be prepared Before you stomp off thinking this is a gimmick, we’ll walk you through three steps that ensure you’re prepared. If you never want to lose another penny to a lost merchant account again, you should: Vault payment card data. Your transaction and customer data should never be held hostage. Yet some payment gateways make it very difficult for you to get your data out […]

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