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Notes on payments, WooCommerce and merchant accounts.
Three subjects: setting up NMI properly, running payments day to day, and understanding what your processing actually costs. No news, no product announcements dressed as articles.
How interchange works, and why your effective rate is never the quoted rate
Interchange, network assessments and processor margin make up every card fee. Learn how to calculate your effective rate and which parts of it you can lower.
Read →Credit card decline codes: what each one means, and what to tell the customer
What card decline codes mean, which ones are recoverable, how to word the message a shopper sees, and how to tell a bank decline from a problem on…
Read →Gateway, processor, merchant account: who actually holds your money
A payment gateway, a processor, an acquiring bank and a merchant account are four different things. Here is what each one does, who holds your money, and who…
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