In a 2008 survey, Neilson reported that 875 million people shop online. More than 85 percent of the world's online population used the Internet to make a purchase, an increase of 40% within just 2 years.   Credit cards were used by 59% of internet shoppers.  That means 41% of online..

Shopping cart abandonment is a big problem for ecommerce businesses. Shoppers visit a site, put items in the cart, click checkout and then do not buy. According to research by eMarketer, 60% of US online retailers are experiencing shopping cart abandonment rates of over 20% this year. What..

What is Interchange? Interchange fees are a percentage of each credit or debit card transaction paid by the merchant’s bank and paid to the card user’s bank Interchange makes up most of the fees that merchants pay to their banks for processing card transactions. Issuing banks frequently use a..

ID Verification Important for High Ticket Sales  Identify verification is particularly important to high risk merchants selling high ticket items. Merchants selling high end electronics, jewelry, furniture, collectibles and other valuable merchandise are especially prone to fraudsters. Merchants..