Blog
What you should know BEFORE buying a POS system.
If you purchase a hardware and/or software that requires you to use a specific merchant services provider, you may find yourself stuck down the road after investing quite a bit to get up and running. Always make sure you can take your solution with you if you leave...
Visa & Mastercard Guidelines for Declined Transactions
If you're a business trying to run a card-not-present transaction on your customer's card, Visa and Mastercard have specific guidelines about how you should proceed if the initial transaction is declined: A card should always be run for the full amount owed, splitting...
Don’t Use DoorDash or GrubHub for Carryout!
If you regularly order carryout from a local restaurant, considering ordering from them directly through their website or over the phone as opposed to using DoorDash, GrubHub, Uber Eats, and the like. These companies can charge 30% to the business for orders that come...
#magothyaroundtown Birthday Bash!
While we're all stuck inside, let's take a look back and remember how much fun we had celebrating our 5th birthday back in September of 2019 before masks and social distancing were a thing. https://youtu.be/mF3KmX20sxQ
How COVID-19 Is Affecting The Payment Processing Industry
While the world is still amidst a global pandemic, many of us in the payment processing industry are seeing the effects on the business community in a way that no one could've predicted. https://youtu.be/kuCa2jMiRl4 BEGIN TRANSCRIPT: Good afternoon. Jaron Rice,...
Cause for Advocacy
Have you ever heard the saying, “One bad apple spoils the barrel?” It’s true, ya know. An overripe, spoiled apple will emit significantly higher levels of ethylene gas causing other apples around it to overripen as well. We often use this saying or variations of it...
High-Dollar Declines
There are a number of reasons your customer's card is declined. Maybe they don't have the funds available. Perhaps you keyed in the card number wrong. It's possible that the AVS (address verification service) failed because the billing address entered is incorrect and...
Do you want me to regret bringing you on as a client?
Sometimes, you have to ask your prospective clients tough questions. When you work in a retention industry like I do, the only thing worse than not landing an account is landing the account with margins so thin you're basically working for free. In today's economy,...
Sometimes You Have To Work For Free
Now, I didn't say you have to like it. But you should definitely learn from it. As a payment processor, I work in a retention industry. So, while getting a sale is great, maintaining a relationship and keeping a client is much, much better because we make money every...
What Is Visa’s EIRF?
If you've ever taken the time to read through a credit card processing statement in it's entirety, it's often reminiscent of Shakespeare in high school English. It's not quite a foreign language, but it feels like it is, and just when you think you know what's going...