Monica Eaton-Cardone is an entrepreneur and business leader with expertise in technology, e-commerce, risk relativity and payment-processing solutions.
For a business to accept credit and debit card payments, they will need to first secure a payment processor. While that seems simple at first glance, it can be much more complicated than most merchants realize.
It’s understood that when a customer swipes a card or enters payment information online, funds will ultimately move from the customer’s account to the merchant’s. But, how do the funds move from one account to another? How long does it take? Are there costs involved?
Businesses have a lot to gain by maximizing their customer retention. Yet, merchants often focus too intently on earning new customers while taking retention for granted.
If you’re ready to take your home-based business to the online marketplace, you must first familiarize yourself with the consumer protection mechanism known as a chargeback.