For merchants in every line of business, chargebacks are an annoying inconvenience and part of the responsibilities of accepting electronic payments. But, if you understand the types of chargebacks, how to dispute them appropriately, and how to avoid them to begin with, you can lower your risk for chargebacks and the burden of the associated fees they incur.
So, you signed a payments integration deal with a bank, processor, acquirer, ISO or agent...what's next?
Put your credit knowledge to the test business owner. Before you expand your business, take this quick quiz to find out if you’re really ready to take on more debt. Find out if you're managing your businesses' credit in the best ways and learn some simple tricks to get your FICO score even higher to save more money on loans, insurance premiums, office leases, credit cards and more. Our quick 10-question business credit quiz will help you find out how credit savvy you really are!
Payment facilitation was created to remove the friction of having a one-by-one onboarding process so that a bulk group of merchants who use a common software platform can be quickly and easily boarded to a processing platform. As a payment facilitator, Singular Payments’ Payfac in a Box™ solution does just that. When your software has hundreds or thousands of user/merchants to board onto a payments platform, it can be a very time-consuming and painful process without automation. Using our APIs, we can quickly and efficiently onboard thousands of merchants at a time through our complete payment facilitator interface. Through our API your sub merchants are onboarded and ready to process instantly once they click ACCEPT on the Terms and Conditions documents which will be emailed to them. We also have a team of in-house expert sales and customer support specialists to assist any merchants by phone who need extra help understanding the Terms and Conditions and accepting them to start processing. We know through working with developers that onboarding and getting merchants up and processing is the biggest stumbling block to any successful integration, so our solution includes a batch onboarding interface along with a customized customer service experience to ensure an A-rated experience across the board.
Last week we sent out notifications to all our merchants about a required terminal software update to ensure all terminals moving forward can accept MasterCard’s® new series of cards that start with a ‘2’ BIN (Bank Identification Number). MasterCard® has announced that it is creating a new BIN (Bank Identification Number) range for MasterCard®, which will effectively double the number of available MasterCard® credit cards worldwide. This will enable growth in card products as well as accommodate the need for new card numbers made necessary for card brand payment tokens when cardholders load a payment card into a digital wallet on their personal digital device (e.g., mobile phone, tablet, etc.).
The payments space is complex; there are so many routes to set up electronic payments acceptance it could make your head spin. And the end-all goal is automation while maintaining control and security. Everyone is looking for a way to fully sync the payments cycle from swiping or keying in a card to recording the transaction in a bookkeeping system to shooting out a receipt to the customer. Therefore, creating a fully automated and easy payments life cycle.
Topics: electronic bill presentment, electronic bill payment, integrate payments APIs, bill presentment and payment, payments software integration, integrate payments into software, payments automation, payment integration
Free money. That’s what everyone is dreaming of right? The ability to add a revenue stream to their business without any extra hassle, expense or risk. Well, the easiest way for ISVs or software developers to do just that is by integrating a payments platform like our Payfac in a Box™ solution. Not only can merchants process electronic payments through the solution but you can use our APIs from the Singular BillPAY side of the platform to also integrate their bill presentment and payment operations from customers into it, therefore saving them time and money on no longer mailing invoices or chasing down past due accounts. It’s a major win-win for you, the software company and your merchant users. And of course, the best part of the software platform is that they get a revenue share on all the transactions processed! We make payments software integrations easy. Read on to learn more.
Topics: electronic bill presentment, electronic bill payment, bill presentment and payment, singular billpay, payments software integration, payfac in a box, integrate payments into software, payfac, payment faciliator, e-invoicing, add a revenue stream
With how hectic our lives all are during the school year summer seems to the THE SEASON for parents to book their kids’ dental, vision, physicals/check-ups and other exams. Make the most of this bustling booking time with these simple tips. Make this summer your busiest season ever!
Singular Pay's iFrame Plugin offers a complete, ready-to-use payment interface for a quick and easy way to accept payments through your website. PCI compliance is made much easier with the plugin; as it makes the end merchant eligible for SAQ A, a much shorter version of the required annual survey, since Singular hosts the form that captures customer payment information. The customer’s information is therefore secured through our back-end payment gateway which is fully PCI compliant.
Earlier this year we announced that our partnership with CardConnect is a great thing and here’s why – they’ve got merchant support down to a fine art. Since launching our technology partnership with CardConnect, we’ve spent some time revamping our phone menu and support communication process. Here’s a rundown of what this new system looks like for you, our valued merchants.