What is a Good Credit Card Chargeback Rate for Merchants?
Credit card chargebacks are a common concern for merchants. They can impact your bottom line, reputation, and even your ability to accept credit card payments. As a result, understanding and managing your chargeback rate is vital. What is considered a good credit card chargeback rate for merchants and how can you achieve it? In this […]
What are Merchant Services?
Digital payments have become the lifeblood of commerce. Whether you’re a local retail store, an eCommerce giant, or a small business owner, your ability to seamlessly accept payments from customers is paramount to your success. This is where merchant services step into the spotlight, offering a comprehensive suite of financial solutions that empower businesses to […]
Flat Rate and Interchange Plus Pricing Comparison in Payments
In the world of payment processing, merchants are often confronted with a crucial decision: which pricing model should they adopt? Among the various pricing options available in payments, two stand out as the most popular and widely used: flat rate pricing and interchange plus pricing, also known as cost plus pricing. Each of these models […]
Cash Use is Declining While Credit Card Use is Growing
Software and hardware tech is growing and so are consumer habits and preferences. The way we handle financial transactions and overall fintech has undergone a remarkable transformation. An unmistakable trend in this transformation is the declining use of cash and the concurrent surge in credit card usage. This shift, driven by a myriad of factors […]
The Growth of the Credit Card Industry in 2023
Credit cards are one of the most popular and convenient forms of payment worldwide. Over the past few decades, we have witnessed a remarkable surge in credit card usage, revolutionizing the way individuals and businesses conduct transactions. Here we explore the growth of the credit card industry, the implications, and credit card market statistics. Credit […]
Types of Credit Card Fraud That Merchants Must Know
In our world of digital transactions, credit card fraud poses a threat to all merchants who accept credit cards. For protecting yourself from credit card fraud, knowledge is power. Credit card fraud is a pervasive form of financial crime that encompasses a wide range of illegal activities, from counterfeit card schemes to sophisticated online scams […]
What is a Merchant Account?
A merchant account is a type of bank account that allows a business to accept electronic payments, such as credit and debit card transactions. In order to set up a merchant account, a business must work with an acquirer or ISO, like TRC-Parus. When a customer makes a purchase using a credit or debit […]
Payment Processing for Government and Agencies
In today’s digital age, governments at various levels face the challenge of efficiently managing payment processing for a multitude of services, including taxes, fines, licenses, permits, and more. With the increasing demand for convenient and secure payment options, governments need reliable partners who can provide robust payment processing solutions. TRC-Parus is not only a […]
The Big List of Payment Processors in USA and Canada
Payment processors in North America include companies that provide businesses with the ability to accept electronic payments from customers in both the United States and Canada. They allow merchants to accept payments via credit cards, debit cards, and other forms of electronic payments. There are hundreds of payment processors across North America. Some are only […]
Payment Processing for Plumbers and the Plumbing Industry
The plumbing industry has seen a rise in the use of credit card processing as a means of accepting payments from consumers and businesses (B2B payments). Digital payments overall has increased, in particular since COVID. While some plumbers may still prefer to receive cash or check payments, there are several reasons why credit card processing […]