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Credit Card Processing for Startups

So you’ve got a new, ground-breaking idea: maybe it’s the next Facebook, Air BnB, Uber, or Groupon. All of these businesses have one major thing in common: they all need to accept credit card payments from their users. There are many different payment processors that do not accept startup companies as clients, due to the high failure rate in this sector; Pinpoint Payments understands the up-hill battle associated with [...]

Wells Fargo System Outage

As of February 8, 2019, the Wells Fargo mobile has been experiencing difficulties in operation. From the Wells Fargo Twitter: “We’re experiencing system issues due to a power shutdown at one of our facilities, initiated after smoke was detected following routine maintenance. We’re working to restore services as soon as possible. We apologize for the inconvenience. We want our customers to know that this is a contained issue affecting [...]

Top 10 Chargeback Facts You Should Know

1. A chargeback is a bank-issued refund For reasons of simplicity, this is the best working definition of a chargeback. Chargebacks are filed by the consumer/card-holder regarding a transaction for which they used their bank-issued card. There are a few classifications of disputed claims, which we will cover shortly. The chargeback process allows the customer to circumvent the merchant refund request and address the bank directly, initiating the chargeback [...]

By |2018-12-31T21:15:28+00:00December 31st, 2018|chargebacks, merchant processing|