Payment Processing

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The Perfect Scam

What happens when you mix credit card fraud and click fraud? You get the perfect scam. It seems fraudsters have been hard at work at milking Google (NASDAQ GOOG) and other PPC networks such as Microsoft AdCenter (NASDAQ MSFT) and Yahoo (NASDAQ YHOO) out of valuable click traffic but what’s most shocking is that these [...]

30Jan2008 | Riley Poole | 10 comments | Continued
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Is Verified by Visa Toast?

Visa spent over $100MM in marketing and developing the service. In 2007, they fired the person in charge of the Verified by Visa Program and in 2008, they are going to push back on the program even further. While at one point over 100 service providers supported it, today fewer than 5 of them actively [...]

30Jan2008 | Riley Poole | 6 comments | Continued
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Why Merchants Choose Amazon over eBay

Ironically, the reason merchants choose Amazon (NASDAQ AMZN) over eBay (NASDAQ EBAY) is the same reason merchants choose Paypal over a regular merchant account. Some people will tell you it’s the complex listing process which funny enough has become so bad it’s created many secondary companies over the years. Others will tell you it’s the [...]

30Jan2008 | Riley Poole | 8 comments | Continued
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New Paypal Rules

Before the end of Q1-2008, Paypal will release its most aggressive buyer/seller protection policies to date. Over the past year, Paypal has experienced huge losses in the fraud arena and plans to combat this problem with the introduction of new front end screening tools at a cost to the end merchant in addition to a [...]

24Jan2008 | Riley Poole | 23 comments | Continued
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Merchant Service Providers May Get Shafted

Rumor has it that those who depend heavily on residual income, aka Merchant Service Providers, may get shafted in 2008. Seems like many banks are starting to feel the pinch and sources say that some banks including Wells Fargo (NYSE WFC) and Bank of America (NYSE BAC) are considering reducing or even eliminating some [...]

23Jan2008 | Riley Poole | 3 comments | Continued
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Next Day Funding Merchant Accounts

Anyone who sells merchant accounts has experienced one merchant or another opt for Paypal versus an actual merchant account. While there are many reasons for this, one of the big reasons may be a thing of the past. Typical funding for merchant account providers can range three to five days domestically, three weeks internationally, and [...]

19Jan2008 | Riley Poole | 14 comments | Continued
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Are Alternative Payments causing an Alternative mess?

Anyone in ecommerce for more than a few years will tell you that adding more payment options will increase your user base. However, there isn’t one specific payment solution, short of accepting credit cards, that will dramatically increase your revenue stream. Typically, depending on the site itself, adding American Express (NYSE AXP) will increase your processing by [...]

15Jan2008 | Riley Poole | 5 comments | Continued
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Did the Holiday Rush Break UPS?

It appears as the jump in holiday shipments had caught UPS (NYSE UPS) by surprise. While UPS runs one of the largest and most technologically advanced computer systems on the planet, with operations in nearly every country, real-time satellite communications and more, it seems that didn’t help with the holiday crunch.
Most of UPS systems were [...]

13Jan2008 | Riley Poole | 6 comments | Continued
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Merchants Beware

So you are a small or even medium size merchant and trying to start your business. You go looking around for a merchant account and you find someone you think you can trust. A few days later and $1,000.00 spent and that trust is gone, along with your “deposit” or “processing fee”.
Over the past week, [...]

13Jan2008 | Riley Poole | 7 comments | Continued
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Has Google Checkout Stopped Paying Its Merchants?

There have been several unconfirmed reports now that Google Checkout payments haven’t been posted for several weeks now, and support emails are going unanswered for days on end. I am sorry guys if I kept you busy with the PCI thing last week but one word of advice, the quickest way to get a bad [...]

10Jan2008 | Riley Poole | 6 comments | Continued
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