Category Archives for "Payments Lingo"

What to Look for in a Payment Gateway

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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Shut Down By Paypal? Here’s What To Do Next

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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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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