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What is Tiered Pricing in Payment Processing

What is Tiered Pricing in Payment Processing

In payment processing, tiered pricing is one of the most common pricing models used for fees by payment processors. However, it is generally the pricing model where merchants pay the most. Tiered pricing categorizes transaction fees into different tiers based on different criteria. This makes it important for merchants to

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How merchants can dispute a chargeback in payments

How Merchants Can Dispute a Chargeback

Chargebacks can pose significant challenges for merchants, impacting their revenue, reputation, and overall business operations. However, merchants have the opportunity to dispute chargebacks and present

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The average chargeback rate

The Average Chargeback Rate

Chargebacks are an integral part of the payment processing industry, representing a mechanism for customers to dispute transactions and seek refunds. For merchants and payment

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What is AVS in payments?

What is AVS in payments?

In today’s digital era, online transactions have become increasingly prevalent, making payment security a top priority for businesses and consumers alike. One critical component of

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What is underwriting in payments?

What is Underwriting in Payments?

Underwriting is an essential part of payment processing. The underwriting process helps payment processors assess the risk associated with processing payments for a particular merchant.

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The top obstacles for Open Banking

The Top Obstacles for Open Banking

Open banking is a concept that aims to revolutionize the financial industry by allowing customers to share their banking data with third-party providers through secure APIs. 

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AML and KYC in Payments

What is AML and KYC in Payments?

Today’s financial and payments industry is getting much more advanced and complex. Preventing illicit activities such as money laundering, terrorist financing, and other fraudulent activities

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