Should I Add Surcharge To My Credit Card Transactions?

What is a credit card surcharge? Surcharge is the additional fee added to a credit card transaction, so everything you buy using credit cards could potentially cost more. Why do merchant stores require a surcharge? For every successful card payment, the merchant has to pay a service fee to the bank or payment gateway. Instead(…)

SWOT Analysis Questions For A Business

This is a continuation of the eCommerce SWOT Analysis post. This time round, we managed to find some sample questions from a SWOT analysis. Internal Factors mostly deal with internal administration, such as employees, shareholders, partners, products, services, etc. External Factors relate to things that are usually out of our control, e.g. competitors, business partnerships,(…)

How Card Payment Processing Works

Initially, the authorization process starts by ensuring that the customer has enough money in his/her bank account. No money is transferred, the merchant provider validates the user’s information only. Upon completion of validation, the money starts making its way to the merchant’s bank account. This process is spread over a few days, and the total(…)

What Is A High Risk Merchant Account?

Any business dealing online must have a merchant account to accept payment, typically by debit or credit cards. These accounts are allotted between a bank and a payment facility company, also known as a payment processor. High risk merchant account Every bank and merchant provider will look at an applicant’s nature of business and evaluate(…)

American Express Launches New Amex EveryDay Credit Card

In order to expand and capture a potentially new market, American Express is launching a brand new credit card this coming April 2, 2014. Amex EveryDay will reward card holders according to how much they spend, as well as how often they use the card. The card benefits include: 1. Waive on credit card annual(…)

What Is Bitcoin? How Does A Digital Currency Work? What Are The Risks?

Bitcoin is a digital currency encrypted by programming code, which was introduced in 2009 by Satoshi Nakamoto. It is free of all governmental oversight, instead its value is fully monitored by a peer-to-peer Internet protocol. Bitcoin is free to be traded by anyone in any country, with low transaction fees and no risk of an(…)

TRUSTe Privacy Index – 2014 Consumer Confidence Edition

How confident are you when making online purchases? Do you worry about privacy leaks? According to the latest survey in US, consumer concern remains high at 92%. The trust level continues to fall in comparison to last year. This result has high impact on online businesses, because 89% of users will discontinue transactions with companies(…)

UnionPay Prepaid Debit

UnionPay established the independent brand of UnionPay cards in cooperation with commercial banks and its growth has been jointly pushed upon since 2004.  In 2004, UnionPay built up a national unified inter-bank transaction settlement system with independent intellectual property. An international-accepted system of standards and regulations for bankcards has been primarily established and intensively applied(…)

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