VISA’s No Debit Card Surcharging Policy: Avoid Fines and Stay Compliant

Jun 25, 2024

Managing expenses is crucial for moving businesses, and one of the significant costs is credit card processing fees. These fees can cut deeply into your profit margins, sometimes consuming as much as 50%. To alleviate this burden, many businesses consider adding a surcharge to credit card transactions. However, it’s vital to understand that Visa strictly […]

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Know Your Customer Laws (KYC) for Merchant Accounts

Jun 11, 2024

In the world of business, especially when it comes to accepting credit card payments, compliance with regulations like Know Your Customer (KYC) laws is crucial. KYC regulations have a significant impact on financial institutions, particularly in the context of merchant processing accounts. For business owners seeking to open such accounts to accept credit card payments, […]

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Understanding Consumer Financing: Benefits for Customers and Businesses

May 30, 2024

What are Consumer Loans? Consumer loans are financial tools designed to assist individuals making purchases or covering expenses that they may not be able to afford upfront. These loans are commonly used for buying goods like furniture, appliances, vehicles, and for moving businesses, services related to relocation or storage. The defining feature of consumer loans […]

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Comparing In-Person Payments vs. Keyed-In Transactions

May 9, 2024

Ensuring seamless and secure payment transactions is crucial for enhancing customer satisfaction and operational efficiency in the moving industry. As you navigate various payment processing methods, understanding the differences between dip (insert), tap (contactless), swipe transactions, and keyed-in transactions can empower you to make informed decisions tailored to your unique business needs. In-Person (Dip, Tap, […]

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What is data breach protection and why is it important for businesses?

Apr 16, 2024

Ensuring the security of sensitive data is non-negotiable for businesses like yours in the moving and storage industry. At Remedy Payments, as a trusted payment processor handling over $1 Billion in transactions annually, we understand the critical importance of robust data breach protection. Let’s explore what data breach protection entails and why it’s indispensable for […]

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Safeguarding Your Revenue in 2024: Understanding Chargebacks

Apr 4, 2024

2024 is set to be a challenging year, but losing revenue due to customer chargebacks doesn’t have to be a part of the struggle. Understanding how chargebacks work and implementing preventative measures can significantly reduce your risk. Let’s dive into what chargebacks are, the common reasons behind them, and steps you can take to protect […]

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New York’s New Credit Card Surcharge Law: What Businesses Need to Know

Mar 21, 2024

As of February 11, 2024, a new law revolutionizes the way sellers in New York approach credit card surcharges. Enacted under the leadership of Governor Kathy Hochul and effective since December 2023, the Credit Card Surcharge Law imposes significant consumer disclosure requirements on all businesses implementing credit card surcharges. Whether it’s a percentage fee or […]

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4 Ways Recurring Payments Reduce Delinquent Accounts

Dec 13, 2023

In the moving and storage industry, where time is of the essence and efficiency is paramount, embracing automated payment collections can be a game-changer. This article explores the benefits and practicalities of recurring payments, shedding light on how moving companies can enhance their financial processes while offering clients the convenience of seamless transactions. Understanding Recurring […]

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Crafting Effective Summary Statements for Chargeback Disputes

Dec 7, 2023

Chargebacks can be a headache for moving companies, often requiring meticulous attention to detail and a compelling narrative to win the case. One crucial element in building a robust defense in the summary statement – a concise yet comprehensive account that guides representatives at card issuing banks (Visa, Mastercard, AMEX, Discover) through the intricacies of […]

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A Guide to ACH Processing

Nov 28, 2023

Paper checks, a traditional payment method rooted in history, have been a staple for financial transactions for over a century. However, in our ever-evolving, contactless environment, the drawbacks of physical checks, such as processing time and limited contactless options, become apparent. For moving companies looking to streamline their payment processes and enhance customer experiences, Automated […]

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