Who decides if your bank account  is funded for a transaction that you process? Remedy Payments engages with a partner bank (funding bank) that agrees to provide funds to you immediately on behalf of the bank that issued your customer’s credit card. Let’s say your customer used a Wells Fargo Visa to make a $10,000 purchase. […]

By now you have probably heard that a shortage of electronic components is delaying the production of everything from vehicles to credit card terminals that read the electronic chip of a credit card. The severity of the global chip shortage has gone up dramatically over the past few weeks and it appears that it is […]

Your Merchant Account is a powerful tool in your business. You have the ability to post charges and credits to credit card accounts. Just because you can perform a transaction, doesn’t mean that you should. Here are some examples of transactions you should stay clear of to avoid having your merchant account suspended or closed […]

Interchange fees are set by each card brand (Visa, MasterCard etc.) as a transfer fee between acquiring banks and issuing banks for every credit card transaction. These fees are used to assess charges for merchants and are usually adjusted each year in April and October. The April 2021 scheduled increase has been postponed to April […]

Every expense of your business operations reduces your overall profitability. With the economic downturn caused by the COVID-19 pandemic you are likely looking for areas that you can save money or offset expenses by passing them on to your customers. You know, there is an expense in accepting credit cards. The pandemic has caused an […]

As a result of the coronavirus pandemic, I believe our relationship with germs is forever changed. And it’s changing the way we, as a society, do life, including how we pay for goods and services. Experts are saying COVID-19 can latch onto currency the same way it can survive on other surfaces. Considering credit cards […]

The Remedy Payment Solutions Chargeback Assistance Team has noticed an increase in telephone fraud over the summer months. In an abundance of caution, we urge you to educate yourself and your employees today some of the schemes used to perpetrate crimes against merchants. A Recurring Retail Store Scheme: Fraudsters choose a particular product to examine […]

Credit card fraud is at an all-time high. Statistics say that online fraud is up more than 750% from where we were just one year ago today. With more and more companies utilizing ecommerce, thieves are looking to use ecommerce too as a way to steal from you. We recently saw an erroneous comment on […]

As a merchant, you likely have a love/hate relationship with credit cards. Most merchants do. You love the fact that your client can pay you so easily. You love that your client can make a large purchase with you because they have credit and can pay off the charge over time. You love the convenience […]

Shopping for a credit card processor can be a daunting task if your understanding of merchant account pricing is subpar. Here are a few tips to assist you in the process. 1) Interchange pass through pricing is the best pricing structure for businesses! The pricing model known as interchange pass through (also called interchange plus […]