Stay up to date with the latest industry news, tips, and tools! We'll do our best to keep you up to date with any industry changes that may affect your business. Knowledge is power!

Handling Customers Declined Credit Card Transactions

May 3, 2022

When a customer’s credit card declines, it creates an awkward situation for you and the customer. Your first instinct is likely to run the card again. Your customer will likely even ask you to try it again. If the card is declined, it will decline on each subsequent attempt – so, don’t waste time doing […]

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Apr 7, 2022

Have you noticed an uptick in chargebacks? We are seeing many of our merchants who are experiencing chargebacks for the very first time after decades of business experience. As we enter the fourth month of 2022, our Remedy Payment Solutions chargeback concierge team has seen a huge surge in chargebacks. This is a phenomenon taking place throughout the world. In […]

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Cash App Income is Taxable – IRS Changes Rules in 2022

Mar 18, 2022

Digital Payment platforms such as PayPal, Zelle and Venmo were originally intended to allow friends to quickly transfer money between each other. Cash apps provide a quick and easy method for splitting the check in a restaurant, loaning a friend money or even paying for Girl Scout cookies. The History of Cash Apps The original […]

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Risk Holds: What’s safe and what’s risky?

Jul 8, 2021

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. […]

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Jun 25, 2021

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 […]

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