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Embedded Payments in 2024: A year in review for platforms | Episode 44

Payrix

Takeaway #2: Inflation and surcharging compliance Ella highlighted the rising importance of surcharging as a response to inflation and escalating operational costs. Ensuring compliance in surcharging practices is critical, as violations can lead to substantial fines.

Payments 130
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How Can iPaaS Help Your Digital Marketing?

Neil Patel

Whatever the size of your company, there are three key benefits of iPaaS: Cost savings Business efficiency Security and compliance. This means you’re improving your customers’ experience with your company and boosting operational efficiency, all at the same time. iPaaS Can Help With Security and Compliance.

Marketing 142
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Defining CSM-to-Account Ratios: A Lifecycle Design Approach

Valuize Consulting

Getting it wrong impacts your Net Revenue Retention (NRR) performance, customer experience, and operational efficiency. Here is an example: Account Profile 1: Early Adoption Industry Vertical : Financial Services, requiring stringent compliance with their data and security policies.

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What is an Online Terminal and Why Do Merchants Need One?

Stax

By leveraging online terminals, merchants can enhance their operational efficiency, expand their market reach, and provide an enriched customer experience. As with all digital tools, virtual terminals offer features designed to streamline processes and enhance operational efficiency.

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What is a Payment Gateway and How Does It Work?

Stax

Benefits of using a payment gateway include a simplified purchasing experience for customers, increased operational efficiency, and PCI compliance. If you’re not, you can be charged a monthly fee for non-compliance, and can end up facing a class action lawsuit and fines as high as $10,000 a month and $500,000 per incident.

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What Is a Cash Discount Program and How Do You Implement It?

Stax

cost of processing, merchant service fees, and additional fees like chargeback fees, compliance fees, equipment fees, monthly fees, etc.) Reliance on credit card payments can also make businesses vulnerable to technical issues or outages, potentially disrupting their operations and affecting customer satisfaction.

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Distinguishing Dynamics: Navigating the Realm of Merchant of Record vs Seller of Record

Subscription Flow

Understanding these positions becomes important for businesses looking to succeed in the dynamic world of commerce, not just a compliance issue as the business landscape changes more. They offer consulting as well as MoR services. Hopefully, the concept of Merchant of Record vs Seller of Record is clear to you. Contact now!