Solupay Blog

Chargebacks: The Good, The Bad, and The Ugly

Posted by Jayme Moss on Aug 3, 2017 1:00:00 PM

Don’t let chargebacks (and the issuing bank lobbyists) derail your business

Credit card chargebacks can often be the bane of a small business owner’s existence. They require significant investments in time and labor to research and respond. Let’s face it: The card issuing banks have lobbied for years to ensure that the cardholders receive the benefit of the doubt when there is a chargeback case, not the merchant.

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What is Tokenization and Multi-Merchant Tokenization?

Posted by Jayme Moss on Aug 2, 2017 1:00:00 PM

In one of our "Bill Gates meets Steve Jobs" moments a few years ago, the innovators here at Solupay changed the world with "Multi-Merchant Tokenization." OK, OK... perhaps comparing us to technology legends is a stretch,and maybe this concept won't revolutionize the world like Apple and Microsoft have done, but we did coin the phrase Multi-Merchant Tokenization, and it’s really not a hard concept to understand and see why it has been successful. Plus it has proven to be an added convenience for customers of e-commerce merchants, while making life easier for the merchant while providing a better end user experience.

Let's take a closer look at Tokenization and Multi-Merchant Tokenization.

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View our Video that Helps You Get Paid 20% Faster

Posted by Brendan Hickey on Aug 1, 2017 2:00:00 PM

Accounts receivable is truly the lifeblood of any business that extends credit to customers. Manage it effectively, and you can grow your business strategically. Manage it wrong, and you introduce inefficiencies and increase costs that erode margins.

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4 Ways ACH Will Actually Advance Sales

Posted by Jayme Moss on Jul 31, 2017 2:00:00 PM

ACH (Automated Clearing House) payments have become popular largely because of their convenience, reliability and cost-effective solutions.  ACH is a payment solution that accepts payments by moving funds from one bank account to another electronically through routing numbers. If your businessis utilizing direct deposit to pay employees, whether you know it or not, you’re already using a form of ACH and are aware of these benefits. But how can ACH payments actually increase sales for your business?

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10 Ways to Detect Fraud for Card Not Present Transactions

Posted by Joe Musitano on Jul 30, 2017 11:00:00 AM

With CNP fraud on the rise since the EMV chargeback liability in the US took effect last year, it's in the best interest of retailers engaging in eCommerce and taking phone orders to increase their focus on securing those transactions. Here are 10 ways to detect and prevent fraud to avoid chargebacks on Card Not Present transactions:

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Topics: Card Security

The Secret to Converting Sales Quotes into Cash

Posted by Joe Musitano on Jul 27, 2017 2:00:00 PM

Converting leads into sales is the bottom line of business. Getting a lead to the quoting stage of the sales lifecycle can be challenging enough. Depending on the length of your sales cycle, the process to generate actual cash flow from a hot prospect turned new client can seemingly move along at a snail's pace.  Here are 3 secrets to close the deals faster, converting leads and turning quotes to cash for your business: 

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Topics: Integrated Payments, Payment Gateway Solutions, NetSuite SuitePayments

3 Tools to Improve Cash Flow

Posted by Joe Musitano on Jul 18, 2017 3:00:00 PM

The formula for improving cash flow is simple: collect account receivables as fast as possible, and slow down your accounts payable without jeopardizing your relationship with suppliers and partners. Knowing that most businesses, and even individual consumers, operate with the same ideology in mind means the challenge to get paid faster may seem insurmountable. Which is why an industry exists to create products that focus on helping businesses get paid faster. When cash flow slows, the likelihood of survival decreases. In fact, the lack of cash is one of the top reasons that small businesses fail. 

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Merchant's Responsibility in Preventing Credit Card Data Breaches

Posted by Jayme Moss on Jul 14, 2017 9:05:00 AM

In today's commerce climate, there are limitless opportunities for merchants to sell their goods and services. At the same time, there are limitless opportunities for thieves to exploit merchants and consumers. Credit card data breaches at major retailers have made the news wire too many times to count, and when it comes down to it, it is up to the merchant to understand the responsibility they have in protecting their client's data when accepting credit card by enforcing appropriate security measures.

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Topics: Card Security

3 Ways ACH Will Actually Advance Your Sales

Posted by Jayme Moss on Jun 19, 2017 12:38:29 PM

ACH (Automated Clearing House) payments have become popular largely because of their convenience, reliability and cost-effective solutions.  ACH is a payment solution that accepts payments by moving funds from one bank account to another electronically through routing numbers. If your business is utilizing direct deposit to pay employees, whether you know it or not, you’re already using a form of ACH and are aware of these benefits. But how can ACH payments actually increase sales for your business?

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Topics: Recurring Billing, Alternative Payments

Three Tools to Improve Cash Flow

Posted by Joe Musitano on Jun 8, 2017 10:26:04 AM

The formula for improving cash flow is simple: collect account receivables as fast as possible, and slow down your accounts payable without jeopardizing your relationship with suppliers and partners. Knowing that most businesses, and even individual consumers, operate with the same ideology in mind means the challenge to get paid faster may seem insurmountable. Which is why an industry exists to create products that focus on helping businesses get paid faster. When cash flow slows, the likelihood of survival decreases. In fact, the lack of cash is one of the top reasons that small businesses fail. 

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Topics: Cloud Collect, NetSuite SuitePayments