Merchant-Accounts.ca

A BIN number, which stands for Bank Identification Number, is made up of the first 6 digits of a credit card number. These first few digits of the credit card contain information about the card such as which bank issued it, and the country it was issued from.

David explains what you should know about credit card BIN numbers, and also how they can be an effective in spotting fraud.

Source: https://www.merchant-accounts.ca

The second in our fighting chargebacks series examines how to fight and win chargebacks with the “Item or service not as described” reason code.

Unlike fraud reason code chargebacks, merchants stand a relatively good chance to win Item or Service Not as Described chargebacks. Whether you win or lose will boil down to exactly what was promised to your customers. This includes promises made in your web copy, and also in the terms and conditions on your checkout page.

David breaks down how to approach these chargebacks, and provides tips on how to future proof your business so that if you get a chargeback with this reason code you have a better chance of winning.

Source: https://www.merchant-accounts.ca

Some businesses are harder than others when it comes to establishing a credit card processing solution. Surprisingly, construction and contracting businesses can sometimes have a problem with banks and processors holding onto their cash.

In this video David explains why construction companies can sometimes run into a problem when opening a merchant account with a payment processor, and what you can do about it.

Source: https://www.merchant-accounts.ca

For more videos: https://www.youtube.com/

Jeremy Stock and Bryce Van De Moere from Global Legal Law firm discuss how much it can typically cost if you hire a lawyer to fight to get your business off the match list.

Watch the full interview:
https://www.youtube.com/watch?v=s0DJAntJdyg

Source: https://www.merchant-accounts.ca

Source : https://www.globallegallawfirm.com

Note: Matters discussed are all opinions intended for education and entertainment. Nothing in this video is or should be considered legal advice or business advice. All events or likeness to real people and events is a coincidence.

Most credit card processors will ask for a copy of the most recent balance sheet and profit and loss statement when you apply to get a merchant account.

David explains why payment processors care about company financials, how it can impact your application, and what you can do if the financials for your company are not as good as you'd like.

Source: https://www.merchant-accounts.ca