What are some of the most effective ways to reduce subscription churn rate? Continue reading to discover how merchants can handle this common challenge. You built your subscription-based business, established a solid ground for success, and generated a good amount of subscriptions to keep you going. That’s great – you’ve managed to overcome challenges that many business can’t. But now,…
What is card testing fraud, what makes it so dangerous for merchants, and what are the most effective steps they can take to protect themselves? Continue reading to learn more! Online payment fraud has boomed over the last decade, especially following the global COVID-19 pandemic that struck the world in 2020 and forced everyone to go online, increasing the total…
What is friendly fraud, what are the most important things that you need to know about it, and how can you prevent it as a merchant? Continue reading to learn more! The rise of the Internet, combined with the boost to digitization following the global coronavirus pandemic, has significantly increased the number of fraud attacks over the last few years….
Over the last decade, online payments have been going through a continuous evolution and innovation – but unfortunately, the same has been the case for payment fraud as well. Cybercriminals are constantly finding new ways to get a hold of stolen data and use it to make fraudulent transactions. In this article, we will talk about one specific type of…
We’ve come a long way when it comes to paying for goods and services. From using barter-like methods dating back at least 100,000 ago to accepting online purchases with a card for the first time in 1994, the incredible evolution of payments is unquestionable. In this article, we will discuss the different types of payment methods that customers can choose…
Chargebacks are among the biggest nemesis of every business. More often than not, they cause lost revenue, damage on the company’s reputation, and waste of time handling the chargeback. According to Forbes, they can cost up to three times the transaction amount! In this article, we will discuss friendly fraud chargebacks, what you need to know about them, and how…
What are some of the most effective ways to detect payment fraud? Continue reading to learn more! If payment fraud wasn’t already a complex issue for many merchants, movement restrictions introduced as a way to counter the global COVID-19 pandemic brought new opportunity for fraudsters in the ecommerce industry. According to Statista, 45% of online merchants reported a net increase…
Did you know that according to statistics, businesses spend an average of 15 days every year chasing late invoice payments? Continue reading to learn more about how to write a payment reminder that actually works. As a business owner, you probably know the frustration of not getting paid on time. You’ve done your part of the job delivering the product…
What are the biggest benefits of online payments for businesses in 2022? Continue reading to learn more! Digital payments have been on the rise for years – according to Statista, their total transaction value is projected to reach US$8.50tn by the end of 2022, and US$13.91tn by the end of 2026, with a Compound Annual Growth Rate (CAGR) of 13.10%….
What are the steps that you will need to take in order to accept recurring payments and manage your subscription-based business? Continue reading to learn more! The number of businesses using a subscription-based model has been increasing rapidly over the last few years – in fact, according to a recent report by SAP, 53% of all software revenue will be…
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