Category Archives for "Payments Lingo"

cashless cities

How Businesses Can Thrive In the Wake of Cashless Cities and Subscription Sites

The world is going urban, and that’s not changing anytime soon. The UN projects 68% of the global population will be city dwellers by 2050, up from only 30% in 1950. Populations are rapidly concentrating and smartphones adoption are commonplace. That’s leading to expansive smart city initiatives globally, involving everything from public WiFi to autonomous shuttles to cashless economies. Cashless transactions are now ubiquitous and, especially in urban areas, are the new norm. In the United Kingdom, two-thirds of transactions are now done electronically. There are opportunities here for businesses to embrace this change and make changes that are wins for themselves and their customers. Improve your customer service experience Physical money comes with some significant downsides: Cash handling errors […]

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Looking for a Payment Gateway? Read This First

Once your subscription business is off the ground, you’d probably like to get paid for the service or product you’re providing. To do that, you’ll need a payment gateway – and choosing which one is one of the most critical decisions you can make. (In fact, we recommend that you set up more than one, but we’ll talk more about that later.) Or perhaps your current payment gateway isn’t cutting it, and you’re looking for a new solution. What should you look for when selecting a payment gateway? What is a payment gateway, actually? Why are they important? How can you set them up so that you can process payments without any interruption to your business? Read on to find […]

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Suspended by Paypal? Read These Next Steps ASAP

It’s one of the emails you hope to never receive. During your morning email check, you see that you’ve got an email from PayPal. And…your account is suspended. You can’t process any payments through PayPal, and if that’s the only payment gateway you’re using, that means you aren’t making any money. Obviously, you need to fix this, ASAP. First, let’s cover what to do if you’ve been suspended by PayPal and can’t accept payments in the meantime: Set up another payment gateway Your primary goal right now is to minimize your downtime and get back up and running. With that in mind, you need to set up another payment gateway and integrate it with your subscription billing tool. When you’re […]

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