Debit cards have two modes: signature-based debit card, and PIN-based debit cards. When you pay with a debit card in a physical store you swipe your card, and are then instructed to choose between Credit or Debit. If you choose Credit, the payment goes through the card network (e.g. Visa, Mastercard, American Express) to your [...]
Boleto Bancário is a payment method popular in Brazil which is gaining wide acceptance for online transactions. Unlike credit cards, debit cards and checks, all of whom provide a direct or indirect route to the customer’s bank account and potentially a route to identify theft and fraud, the Boleto Bancário grew as a way to [...]
Credit card chargebacks are the return of funds back from the merchant to the credit card owner, forced by the credit card issuing bank. The chargeback mechanism was put in place to protect consumers and is regulated by the Federal Reserve under the Electronic Funds Transfer Act. A consumer initiates a chargeback by contacting the [...]
The challenge of online retailers, now and always, is to sell products that the online shoppers can’t touch or feel, and can’t play around with to make sure that they would like those products. Online retailers have tried to solve this problem in many ways: from product image galleries and product specs to give you [...]