Same-day Electronic Payments Are Coming to Rock Your World

Same-day Electronic Payments Are Coming to Rock Your World

Bitcoin, Blockchains, & Cryptocurrency

One of the most widely-talked about yet little-understood tech advances of the last ten years, bitcoin is many things to many people. Most who are at least moderately well-versed in the tech news landscape know it’s some kind of digital money, and have heard of its controversial use in online marketplaces like the infamous Silk Road, but what is it exactly? And how the heck does it work?

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Pay By Group University: Payment Processing for Card-Not-Present Merchants 104

Welcome to our fourth and final article laying out the benefits, costs, and risks associated with accepting card-not-present payments in your business. In this article we’ll wrap up with a look at the costs of complying with Payment Card Industry and EMV technology requirements and a final thought on weighing the total cost of acceptance. Let’s dive in!

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Pay By Group University: Payment Processing for Card-Not-Present Merchants 103

Welcome to the third part of our adventure into payment processing for CNP merchants! We’re starting to get a clearer picture of the benefits and demerits of various processing options and their associated costs. Let’s dive into a topic that’s near the forefront of every business owner’s mind: payment processing security.

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Pay By Group University: Payment Processing for Card-Not-Present Merchants 102

Welcome back! Now that we’ve taken a quick look at the basics of the card-not-present payment processing world and examined one of the major factors to consider when choosing your processing solution, let’s get familiar with another: payment processing types. There are several types based on the manner and time frame in which transactions are settled, as well as the forms of payment accepted, and all will affect your business in terms of the options you can offer and the costs you’ll incur.

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Pay By Group University: Payment Processing for Card-Not-Present Merchants 101

The world of payment processing is a complex web of services, benefits, shortcomings, and costs. It can be difficult for merchants to decide how they want to process payments, what kind of payments they’d like to accept, and to understand how it all affects their business. Things get even more complicated for merchants who receive payments by means other than swipe-based point-of-sale credit card transactions.

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Ten Amazingly Useful Tools for Small E-Commerce Business Owners

As previously noted in this blog, the world of e-commerce is extremely competitive, and it’s hard to stand out from the pack. It can be even more difficult for small e-commerce businesses to thrive in this environment due to time, manpower, and budgetary limitations. A small business owner wears many hats — sales, marketing, information technology, product research and development, content production and sharing, and often much more. Luckily, almost any task on your plate can be handled by an ever-growing ecosystem of online tools and platforms.

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LexisNexis® : CNP Merchants are Suffering Significant Losses Due to Increased Fraud

The annual LexisNexis® Risk Solutions True Cost of Fraud℠ Study, released in September of 2015, demonstrated increasing losses due to fraud suffered by merchants that accept payment card transactions from a variety of channels (m-commerce, e-commerce, MO/TO, and card-present). Unfortunately, all merchant segments lost more revenue to fraud this year than ever before. While the ballooning statistics may seem unexpected to some, the devastating news comes as no surprise to card-not-present merchants who have been struggling against this reality for the last year.

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Ten E-Commerce Practices to Take Your Business to the Next Level

The world of e-commerce is more mobile-oriented, social-focused, and visually compelling with each passing day, and it can be difficult for business owners to keep up with the cutting-edge practices that will drive conversions and help their business thrive.

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Alternative Payment Options: Provide to your Profit, Ignore at your Peril

As online shopping, banking, and bill payment become more common and global e-commerce grows, consumers are pickier than ever about their online payment experiences. Research shows that the demand for alternative payment methods in online transactions is growing strongly, and the more tech-savvy a consumer is, the more likely they are to abandon an online purchase if their preferred payment method isn’t offered. Therefore, online merchants can increase conversions by offering a wider spectrum of payment options that ensure their customers complete the checkout process

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How to Lose a Customer in 10 Days

The world of e-commerce is truly dog-eat-dog, and it doesn’t take much in such a saturated market to drive your customers straight to your biggest competitor. Since it’s generally accepted that it costs more to acquire new customers than to retain existing ones (though the widely cited 5x figure may be a myth), your most profitable customers are nearly always long-term customers. Though some factors contributing to customer attrition are beyond your control, steer the odds in your favor by avoiding these deadly mistakes.

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Top 10 Payments Trends to Watch in 2016

2015 has come and gone and the growing payments industry has impacted global commerce in increasingly notable ways. Now that we’ve rung in 2016, let’s take a look at ten trends that are poised to shake up the commerce status quo in the year to come!

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Top 10 Payments Trends to Watch in 2016

2015 has come and gone and the growing payments industry has impacted global commerce in increasingly notable ways. Now that we’ve rung in 2016, let’s take a look at ten trends that are poised to shake up the commerce status quo in the year to come!

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Pay By Group University: Payments 103

Welcome to the final entry in our series of introductory articles on payment in the U.S.! We’ve covered a lot of ground so far, including core payments systems, domains of payment, and payments systems regulations, functions, and flows. Now we’re going to bring it home with a look at the economic models for payments systems, managing payment risks, and the dynamics of cross-borders payments.

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Pay By Group University: Payments 102

Welcome back to our multi-part series on the ins and outs of payments in the United States of America! Last time we learned about payments systems and their end users and providers, the various payment systems models and functions, and payment categories. Now we’ll dive right into payments systems flows, ownership and regulation of payment systems, and more!

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Pay By Group University: Payments 101 - Intro to the Basics

Payments are an ubiquitous and integral part of daily life, yet many people have a limited understanding of how they work. We swipe our credit card in the checkout line, or log into PayPal and send money to a friend, or write a check to pay a utility bill, and the funds get where they need to go… how?

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Introducing Pay By Group for Barefoot

We’re proud to announce our new partnership with Barefoot Technologies, a leading vacation rental software company. This is a huge win for both property managers and vacationers! Property managers using Barefoot software can now easily extend the full benefits of Pay By Group to their customers without ever having to leave their Barefoot dashboard. Travelers can split the rental cost of thousands of new properties in exciting vacation destinations, and have access to Barefoot’s real-time pricing and availability information directly in their Pay By Groups.

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Introducing: Deposits

We’re proud to introduce one of our most frequently requested features: deposits! Upon starting a Pay By Group, customers now have the option to pay a portion of the total immediately, which can hold the inventory for them as they rally a group to split the full cost. They also still have the standard option to wait until their group comes together in order to make any payments.

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Business Branding

We might not be the most fashionable team around, but Pay By Group can match colors when it counts: with your branding.

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Announcing Custom Fields for Businesses

What do a vacation rental company in Seattle and a florist in Ecuador have in common? Good business sense! Both businesses use Pay By Group’s new custom fields feature to enhance the revenue-boosting impact of Pay By Group on their site.

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How to Increase Vacation Rental Inquiries by 83%

Marketing Tips for the Vacation Rental Industry

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