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Merchant Processing For The Restaurant Industry

Approximately 92 percent of restaurants in the United States accepted credit cards as a payment in 2012, according to market research provider Euromonitor. That was in 2012, it has certainly increased or stayed consistent. Not only is the acceptance of credit payment that high in the industry, but also about 81 percent of the money that is spent at restaurants is paid with debit, credit or prepaid cards. Stay [...]

By |2019-07-01T16:11:59+00:00June 28th, 2019|blogs|

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 [...]

Credit Card Processor for Firearms Dealers

Americans love guns. As the most heavily armed nation in the world, America leads the world in private civilian gun ownership, with over 120 guns per 100 civilians. With a third of United States households owning at least one gun, the firearms industry in America is easily the most thriving private arms market globally. Due to the controversial nature of the firearms industry, this sector is regularly considered “high-risk”, [...]

By |2019-04-09T18:51:49+00:00April 1st, 2019|blogs|

Preventing Credit Card Fraud

Credit card fraud is no joke; according to Forbes, merchants in the United States are losing approximately $190 billion a year to credit card fraud. Customers of banks lose around $4.8 billion, with banks themselves losing an additional $11 billion. The scale of this problem is massive, with credit card losses equivalent to the total annual energy spending in the USA (which is about $140 billion). This is the [...]

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|