After your customer hits the ‘Checkout’ button to make a purchase from your business, a lot still needs to happen before that revenue reaches the merchant account. Before the funds settle, they need to be captured – and before they’re captured, they need to be authorized. Card authorization is an essential ingredient in secure online payment processing. It's when the issuer confirms that a transaction relates to a valid account that holds eno ...

As a customer, you’ll be aware of the three-digit code on the back of your Visa debit card (or the four-digit one on the front of your American Express), even if you didn’t know what it was called. Well, this number has a name – CVV (Card Verification Value). And, as it turns out, it benefits not only customers – but merchants, too. CVV checks can help your business detect and prevent payment fraud, avoid chargebacks, and remain ...

A payment dispute happens when a customer challenges a transaction, prompting the issuing bank to investigate the claim. If unresolved, the dispute may escalate into a chargeback, potentially reversing the payment, imposing fees on the merchant. According to the 2023 Justt Chargeback Pulse Report, businesses lose an estimated 1% of revenue to payment disputes annually, with some merchants reporting losses exceeding $5 million per year. C ...