Credit Card Gist

Facebook is set to partner with Malaysian electronic payments company MOL to sell credits at retail outlets across Asia, the Associated Press reports. MOL will offer the currency from August 1 at over 500,000 outlets like Internet cafes and 7-Eleven stores in five Southeast Asian countries, Australia and India.

(Via YouTube.com)

Learn how to minimize chargebacks and fraud

Learn how to minimize chargebacks and reduce your processing costs. The Chargeback Management kit contains a video and an e-book:

• E-Book – Chargeback Manual (40 pages).
• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).

Google has released last week a mobile payment service for merchants and Android phone users, reports ReadWriteWeb. The web-search leader has developed an extension to its Chrome web browser, which merchants can use to allow Android users to pay for items with Google Checkout.

Here’s how it would work:

The merchant has to set up a Google Checkout merchant account, populate the store with merchandise and then install the Android Payment Chrome Extension. From there, when a customer wants to buy something, the merchant creates a shopping cart with those items on their computer. The extension will then create a QR code, which when scanned with the phone will take the customer to Google Checkout page where they can complete the transaction.

The whole set-up process seems to be anything but simple, to say nothing about the time it would take to populate an online register with all of the items that a merchant sells. It is doubtful that bigger merchants, or even smaller ones for that matter, would embrace the service.

(Via ReadWriteWeb.com)

Learn how to minimize chargebacks and fraud

Learn how to minimize chargebacks and reduce your processing costs. The Chargeback Management kit contains a video and an e-book:

• E-Book – Chargeback Manual (40 pages).
• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).

Former banker Conrad Sheehan says there is a better way than credit cards. Now he wants to take his mobile payment system to Chicago’s buses and trains.

(Via YouTube.com)

Learn how to lower your card acceptance cost

Learn how to accept credit and debit cards at the lowest processing costs. The Payment Card Acceptance kit contains a video and an e-book:

• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).
• E-Book – Payment Card Acceptance Guide (19 pages).

PayPal has launched a new way for developers of web-based and mobile applications to accept credit card payments from consumers with no PayPal account. The payments will be processed through the new Guest Payments service, which uses PayPal’s Adaptive Payments API.

The Guest Payments service enables customers to make purchases via apps that support PayPal, so that PayPal no longer has to get in the middle of the transaction between a customer and a developer. The advantage for developers is that customers with no PayPal account are more likely to complete a purchase if they are not required to set up an account first.

“Our developers asked for an easy way to accept credit cards using our Adaptive Payments API and that’s why I’m excited to unveil Guest Payments today. Guest Payments allows developers to collect credit card payments without requiring their customers to open a PayPal account, eliminating the complications merchants, developers and startups face in accepting credit cards,” PayPal announced on its official blog.

(Via CNET.com)

Learn how to lower your card acceptance cost

Learn how to accept credit and debit cards at the lowest processing costs. The Payment Card Acceptance kit contains a video and an e-book:

• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).
• E-Book – Payment Card Acceptance Guide (19 pages).

Twitter co-founder’s new mobile payment company has just announced it suspends shipments of the reader that enables users to take payments until it sorts out fraud and chargeback issues. Jack Dorsey unveiled Square in December of last year, amid much fanfare, promising it would change the way credit card processing is done.

Many industry insiders saw it differently, saying that Dorsey just didn’t get the complexities of the industry and how challenging fighting fraud actually is. Now it seems like Square has conceded this point. “We need to strengthen our underwriting infrastructure so that we can handle the huge demand for readers and still manage the risk of chargebacks and fraud,” Dorsey wrote in a letter explaining the reasons for the suspension of the hardware shipments.

“The way we are handling the risk of chargebacks and fraud is through transaction limits, but we have received feedback that those limits are too low. We are rethinking and expanding our underwriting infrastructure to address this issue,” Dorsey added.

(Via SquareUp.com)

Learn how to lower your card acceptance cost

Learn how to accept credit and debit cards at the lowest processing costs. The Payment Card Acceptance kit contains a video and an e-book:

• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).
• E-Book – Payment Card Acceptance Guide (19 pages).