Over the past two years, we have become increasingly aware that payment gateways have been designed to serve traditional e-commerce (one-time transactions) as their primary use case. In many instances, the features and capabilities needed to process payments on a recurring basis are sorely lacking. We have viewed this as both a challenge and an [...]
Visa and MasterCard offer special cards to businesses and government agencies that benefit from lower transaction rates. These cards are often known as business, corporate, or purchasing cards. However, most merchants do not benefit from these lower transaction rates without additional work on their end. In order to qualify for the lowest possible rate, every transaction needs to include additional information.
We talk with lots of business owners on a daily basis, and we frequently hear that setting up a merchant account is a time-consuming and painful process. (We constantly hear stories of 4-6 week approval cycles). So, we worked with Intuit Payment solutions to bring an offering to Recurly merchants we believe our customers will [...]
Today, Bryan Johnson, CEO of Braintree Payment Solutions, wrote an open letter (http://www NULL.braintreepaymentsolutions NULL.com/blog/open-letter-to-the-ceos-of-paypal-and-authorize-net-help-end-the-credit-card-data-hostage-situation) to Authorize.NET and PayPal about the importance of credit card portability. It’s a major problem in the industry that affects us as well. At Recurly, we’re proud to join the Credit Card Data Portability Standard (http://www NULL.portabilitystandard NULL.org/) initiated by Braintree.
Pivotal Labs recently invited Recurly to present a TechTalk to a room of developers. Developers are smart people and can quickly figure out how to run credit card transactions using the numerous payment gateway APIs out there. So, we decided to a range of topics that you won’t learn from reading documentation — advice you’ll only learn from experience.
If you’re launching a new site and want to accept credit cards, you’ll soon learn how many companies are involved in every transaction. And, once you run into the first few declined credit cards, you’ll learn about a few companies that didn’t seem to be there before. This article describes the companies that are involved in every credit card transaction.
Every Merchant Account provider has a frequently asked questions (FAQ) page yet they always leave out the really important questions. Yes, you absolutely need to know about the fees, supported gateways, address verification, Discover & AmEx, etc. However, there’s another class of questions that you’ll never know to ask until you run into a problem. [...]