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How To Solve The Most Common Payment Processing Problems

Payment Processing Problems

Over the years, merchants have been adapting and utilizing payment acceptance technologies in dynamic ways. Since most businesses rely on credit card processing to handle the details of accepting credit and debit cards, payment processing is a critical service. It provides customers with a quick and easy checkout process.

Payments are increasingly being viewed as something that should be built into the system instead of added-on. However, setting up a secure payment process can be challenging because it requires continuous monitoring and improvement.

What Is A Payment Processor?

A payment processor is a third-party company that enables other businesses to accept credit and debit card payments. They can handle all or most payment situations, such as when the customer is at a store using a POS (Point of Sale) terminal, paying online via a web browser or using their mobile app to submit the payment. Different payment processors have different capabilities.

What Challenges Might You Face And How Do You Solve Them?

  1. Payment Fraud

As the shift to digital and mobile customer platforms accelerates, vulnerabilities in payments services have increased. Payments transactions are being executed faster, leaving banks and processors with less time to identify, counteract, and recover the underlying funds when necessary. The sophistication of fraud has increased, in part through greater collaboration among bad actors, including the exchange of stolen data, expertise and new techniques on the dark web.

Solution: Use payment fraud detection and prevention.

Fraud detection systems can detect and prevent online fraud in the following ways:

  • Real-time suspicious event monitoring. This includes card-present, card-not-present, transaction reversal fraud, account takeovers, BOT-related DDoS attacks, and payment outlier detection.
  • Real-time detection of “man-in-the-middle” malware, jackpotting, cash-out attacks, internal fraud attacks and improved security of the payments switch.
  • Real-time transaction risk scoring, machine learning and the blocking of fraudulent transactions at the firewall port or network level.
  1. Credit Card Data Theft

Credit card fraud aims to steal money from someone else’s credit account, or to purchase goods without paying.

Solution: Take the proper precautions.

  • Use end-to-end encryption with SSL certificates.
  • Use a secure third-party payment gateway.
  • Make your business Payment Cards Industry (PCI) compliant.
  1. Chargeback

Chargebacks can appear to be very similar to traditional refunds. However, rather than contact the business for a refund, the consumer is asking the bank to forcibly take money from the business’s account. If the bank feels the cardholder’s request is valid, funds are removed from the merchant’s account and returned to the consumer; the consumer, on the other hand, is under no obligation to return any purchases.

Solutions: Respond to queries and offer excellent customer service.

Customers are impatient and want their orders as soon as possible. By creating an automated list of emails or by providing them with an order tracking system, customers are briefed about the whereabouts of the product. As a result, they will be less inclined to charge back and will become more loyal to the brand.

  1. Multi-Currency Payment Methods

Managing cross-border transactions may require store owners to open a new bank account. There are also regulatory authorities involved that can create hurdles for store operation in a new country. These can be restrictions on payment processing, insufficient government support, and sometimes the inability to expand services.

Solution: Use a multi-currency merchant account.

The easiest way to increase your international sales is by accepting multiple currencies as payment. Multi-currency merchant accounts allow you to display prices in the same currency as where the buyer is located and receive your processing settlements in any major currency.




CIBIL score ranges: What do they imply?


What is CIBIL score?

 CIBIL is an agency, approved by the RBI that keeps an eye on the financial discipline that we maintain. CIBIL reports are the reports formed by the feedback of the banks and/ or financial institutions on how we payback the loans that we had taken and our credit card payments. Our good financial discipline tells us that we are in the good books of the CIBIL and that our scores are higher. If our credit card bills are not paid on time and if we have not paid the interests of the loans that we had taken, our CIBIL score goes down. A low CIBIL score indicates that we have financial burdens and that we cannot pay back the loans taken from the banks and/ or other financial institutions, on time. This affects us when we want to take loans. A person with a good CIBIL score can get any type of loan but someone with a bad CIBIL score doesn’t get the loan they want and even if they get, they get it for higher interest rates.

Following are the CIBIL score ranges and what do they indicate about you:

CIBIL Score Range between 750 to 900:

If your CIBIL score range is anything between 750 to 900 then your chances of getting any kind of loan is easy and you are already in the good books of the banks and financial institutions. If your score is between this range that indicates that you have paid your loan with interest on time and you have no credit card debt on you, you get financial assistance from the bank whenever you want. This shows your credit score is good.

CIBIL Score range between 650 – 749:

CIBIL score range between 650 to 749 is considered to be good. It means that you have financial discipline and that you have paid your payments on loans and credit cards on time. You will get loans from various banks and financial institutions provided you fulfill their conditions of payment.

CIBIL Score range between 550 – 649:

A CIBIL score range between 550 to 649 is considered to be average. If your CIBIL score is between this, chances are banks or financial institutions may not lend you loans easily. Even if they do, they will charge a high rate of interest. The score range between 550 to 649 indicated that you have not paid your loans and credit card payments on time.

CIBIL Score range between 350 – 549:

If your CIBIL score has dropped down to between 350 ro 549 that means your scores are very poor and you are in the bad books of the CIBIL reports. It means that you have not paid your loans on time, you have not paid your interests and delayed your credit card bills. All this is now hurting your CIBIL scores.


In a nutshell, CIBIL score range anything between 750 to 900 hundred is excellent. Anything between 650 to 749 means it’s good and you can get loans easily on some terms and conditions. CIBIL report between 550 to 649 is average and you may get loans but at a higher interest rate. CIBIL score range between 350 to 549 is really low and a poor CIBIL report. In the score range you may not get your bank loans as you have not paid your dues on time and you lack financial discipline.  Check your CIBIL score range at Finserv MARKETS.

Top 3 Small Business Trends to Participate In

Small Business

As a small business owner, you need to stay on top of all trends within your industry so that your customers don’t turn to your competitors. However, you also need to watch the trends that are sweeping small businesses in every sector. Here are the top three small business trends to implement at your company.

1. Purchasing Local Phone Numbers

Work with a softphone provider to purchase local phone numbers for your small business. This trend is especially important if you started your business in a different region or if you have a few locations. When customers see that you share their area code, they’re more likely to see you as part of their community. When you send follow-up calls, they’re more likely to answer because they recognize the area code.

2. Investing in eCommerce

If you’ve been resisting setting up your online store, it’s time to get with the times. Your customers are used to being able to order their products from the comfort of their couch. Also, for your customers with mobility issues, your online store is the only way for them to access your products. Finally, your customers who have been raving about your product line to their out-of-state friends and family members can send them links to your store, increasing your customer base.

To get your website ready for eCommerce, consult with a web designer to make sure that your online platforms are secure and user-friendly. Figure out how you’ll accept payment and if you want to use a third-party company such as Square or PayPal. Take pictures of all your products and post them on your website along with prices, reviews, and product descriptions optimized for search engine performance.

3. Creating Apps

Especially if you’ve opened an online store, you should invest in an app for your company. This app should include all your website’s details in a format that’s optimized for mobile displays. If you’re not sure how to do this, consult with a software or web designer. Include special features such as loyalty programs or surveys to encourage customers to download your app. Resist the temptation to charge customers for each download. While you might make some money this way, you ultimately discourage too many customers from using your app for it to be worthwhile.

By participating in these three trends, you ensure that your company’s service stays user-friendly and that it doesn’t become obsolete.

How To Effectively Lead People Who Do Not Listen

Lead People

Don’t you just hate it when you’re talking, and people don’t listen? Combine that with a leadership position, and it can be one of the most challenging places to be in.

However, some of the world’s most outstanding leaders are living, breathing examples of how being patient, gentle, and compromising with your team can make them willing to work for you and with you. One of them is a professional business coach Nathan Garries.

Here’s what you can do to make sure your subordinates are not just listening to what you say, but also acting on it.

1.Exercise Patience

One of the most influential qualities any human being can develop is patience. In the corporate world, however, it is a necessary characteristic in a leader. When you’re leading a team of people who do not listen, it is easy to lose your cool and react in a negative manner. However, this might make you deviate from your primary responsibility, which is to persuade and motivate them.

Moreover, stubborn people often enjoy sensing tension and agitation. Therefore, it is essential to teach yourself to take a couple of deep breaths, keep calm, and get your point across in a firm manner. You will be taken most seriously when people know their stubbornness cannot get to your head. Tesla CEO and entrepreneur, Elon Musk, defines patience as a “virtue” and a “tough lesson.”

2.Know When to Compromise

One of the most prominent characteristics of people who don’t listen is that they do not like to be told what to do and what not to do. Therefore, if all you do is shower them with orders and instructions all day long, your team will most likely ignore many of them.

There are many situations in a work environment where the subordinates know more about a particular problem or solution than the boss. You can use such cases to reach a compromise between yourself and your team. This will not only resolve conflict, but will also make them feel like a valuable part of the decision-making progress.

3.Be A Good Listener

When people don’t listen, they often feel like they are not being heard in the first place. Take out time and truly listen to what your subordinates want. You can do this even when you are shutting their ideas down. Listen to their reasoning first and then explain yours to get them to understand. This may help you earn their trust and cooperation.

Being a good listener will not only help you at your workplace, but it is also one of the most remarkable personality traits any person can have. Learn more about how to build your business and your finances while working with people from Certified financial planner Nathan Garries.

Leading a team of stubborn individuals when effective decision-making is at stake is one of the challenges almost every leader faces. However, with these tips, you can navigate your way through sticky situations caused by stubborn subordinates any day of the week.

What to outsource and what to keep in-house?

outsourced marketing firm

Outsourcing is not just for large corporations anymore. Every day small and medium-sized businesses seeking to construct part of their functions to a third-party vendor. This process allows improving competitive position and business success through cost saving, access to labor and technology, and many more. The key here is to find a reliable partner that will be able to perform upon your expectations. Helpware has shown to be one of the leading BPO companies within customer service, back-office support, marketing, and video and image annotation. Through years of experience and strong expertise, the company was able to serve a great number of clients within seven different industries.

Business functions that are best to outsource

  • Customer service. In-house call centers are costly due to the infrastructure and employee training and maintenance. Oftentimes the team is unable to process all the tickets which leads to customer dissatisfaction and revenue loss. Outsourcing allows to increase all these metrics and save costs through providing a team of dedicated agents for an affordable price.
  • Digital marketing. An outsourced marketing firm is able to provide an outside point of view on the strategy and processes that would be impossible to obtain internally. Moreover, you ultimately access all the industry-leading technology, skills, expertise, and established methods that will help your business to succeed. Depending on the needs of your company, the outsourced partner can develop and implement a new marketing strategy or improve an existing one.
  • Administrative work. With technology innovations, increase in connectivity and speed and cloud services boost, companies do not obligatorily require people working at the office in order for the business operations to run smoothly. Anything from research, data entry, and account setup to order processing lead follow-up, and annotation can be performed by outsourced agents at a much lower cost.

Business functions that should not be outsourced

  • Product or service development is your core business function that solely in-house departments should work on. No company will be able to fully understand and develop a good business strategy for the development.
  • Employee development. While the outsourced firm can help, you are the one that knows the gaps and weaknesses of your employees. Allocating time and money for employee training and development will significantly benefit your business and increase your competitive advantage.
  • New markets business development. Issues that arise during this process are rarely resolved by a third party. If you are unable to determine your customer segment or why customers should buy your product or service, no firm can figure that out for you.

Why We Are Still Waiting on Endlessly Recyclable Plastics

Recyclable Plastics

A team of research scientists at the Berkeley National Lab came up with a new kind of plastic known as polydiketoenamine (PDK) back in 2019. PDK is revolutionary in a number of ways. Among them is the fact that it can, at least in theory, be recycled endlessly. Knowing what we know about plastic recycling, why hasn’t PDK taken the world by storm as of yet?

It is not unusual for scientific breakthroughs to take years to catch on. Thus, no one is surprised that PDK still hasn’t gone much beyond Berkeley. If it ever does, researchers say it could replace petroleum-based plastics for nearly every application. PDK plastics could be endlessly recycled, thus greatly reducing the need to produce virgin plastic.

It’s All About the Monomers

Plastic are polymers made up of individual monomers that are bonded together. Breaking down a plastic into its base components requires breaking the bonds. This is not as easy as it might sound. There are chemical processes for doing so, but they almost always result in a loss of performance.

Tennessee-Based Seraphim Plastics, a company that offers industrial plastic recycling in seven states, says that the difficulty in separating monomers explains why most plastic recycling is mechanical rather than chemical. Seraphim buys industrial plastic, turns it into regrind, and then sells it to companies that mix it with version plastic.

One of the things that makes PDK different is the ease by which bonds between monomers can be broken. According to the Berkeley Lab scientists, PDK monomers can be easily broken without any loss of performance. Recovered materials can then be easily separated and used to make new materials.

A Lack of Infrastructure

Let us assume for one minute that PDK is everything the scientists say it is. In fact, let’s say it’s even better than advertised. It still has a long way to go before being commercially viable. The biggest hurdle right now is a lack of infrastructure. You need infrastructure to produce PDK, turn it into commercial and consumer products, and recycle it at end-of-life.

That infrastructure just doesn’t exist. Moreover, building it would take a significant amount of time and cost a lot of money. Are there companies willing to invest the time and money? To date, interest hasn’t been extremely high.

Petroleum Plastics Are Cheap

It would seem as though PDK is a game-changer that could make a ton of money for any company willing to invest. So why are companies reluctant? There are a couple of reasons, beginning with the fact that petroleum-based plastics are so cheap. Companies are not paying a whole lot for virgin plastic. Regrind makes it even cheaper by way of supplementation.

What it really boils down to is demand. In that sense, PDK is a lot like the original electronic cigarette first introduced in the 1960s. Back then, its inventor could not convince cigarette manufacturers to embrace it because people still wanted tobacco. It wasn’t until the early 2000s that there was a real market for e-cigarettes.

Much of what scientists believe about PDK as a replacement of petroleum-based plastics is speculation. PDK is still too new and unproven to definitively say it is superior to other plastics in every way. And quite frankly, the laws of physics dictate that nothing can be endlessly recycled without loss of integrity. There is always some loss, even if it is minuscule.

Until PDK has a lot more science behind it, companies are not going to invest in building the infrastructure necessary to utilize it. That’s why PDK remains mainly a research project right now.

Commercial spaces in Austin, TX: How do they operate?

office space

Several startup spaces have launched across the United States with an increasing investment landscape. The startup industry in Austin has been thriving with its skyrocketing demands. Austin, TX office space for startups allows you to rent, lease, sublease and even purchase commercial real estate. Most startup houses claim to help hundreds of budding companies establish offices in Austin, TX. Startup houses often encourage young entrepreneurs to establish their mental and physical intellect.

Now, what truly makes or breaks a startup’s career? The extent to which one can involve and cooperate with one fellow team members requires a properly regulated work environment. For bigger achievements and success, choosing the ideal space for setting up the business can get tricky. Furthermore, employees need an ambiance for enhancing their innovation, execution, and performance of tasks.

What are the perks of startup spaces?

Most startup houses arrive with the general amenities of fully furnished rooms, air conditioning (room to room), high-speed WIFI, event space, and accurate privacy. Not only does the ecosystem makes a flourishing company feel more inclusive and committed but also encourages the employees to train and dream bigger. Hence, they are often termed as “co-living” or “co-working” spaces. They foster bonding between different startups and allows room for participation.

Most startup houses in Austin, TX bring you the perks with membership packages. Before signing up for any, one must specify his/her business/service type, i.e. you could either be a budding smaller business owner, a freelancer, creator, or even a big company. Secondly, in Austin, TX office space for startups, figuring out the precise location is essential. Location is often a deciding factor for the background of the employees.

Startup hubs around the world have integrated a few factors like connecting people, team building, ensuring funds from investors, creativity, promote diversity, networking, and empowering aspiring entrepreneurs to aim higher. For instance, one of the popular co-living properties, Draper Startup House, in Austin, TX brings aspiring entrepreneurs together to build their skills with the additional course of entrepreneurial education and passage to undertake investment. Similarly, various other startup properties claim to strengthen community-building tools. The membership packages across various hubs claim to deliver an impressive list of amenities, clean and comfortable ambiance, hosting events, organizing workshops, and facilitate competitive yet bonding opportunities.

The future scope of startup hubs

When it comes to startup hubs or commercial properties, the industry has skyrocketed following its launch. Investors have begun funding start-ups with a large volume of capital for the exhibited scope of potential. Talking about the long-term effects of commercial hubs, only a small percentage of start-ups have gathered funding on business operations with consistent profitability. Further, the US government has brought conventional changes in the investment landscape. They have been working as a lead source of investment (revenue) and the mark of approval, increasing scope among private investors.

Reportedly, Austin holds the leading position in terms of start-up hubs in the US. It is the leading real estate market in the nation to date. Various factors such as climate, affordability, standard of living, real estate availability, and a combination of economic opportunities make regions like Austin, TX suitable for start-up hubs and commercial estates.

The broadcast of pandemics around the world is likely going to rely on advanced technologies including the digital mode of investing, collecting, and allocating funds. More tech-based start-ups are open to innovative activities such as hackathons, crowd outsourcing or crowdsourcing, tournaments and contests, and rewards. With Artificial Intelligence (AI) taking control over the world, the investment landscape is shifting towards potential entrepreneurs. The venture capitalists (investors in exchange for a share of management and possession) have engrossed billions of dollars in start-up financing. With government stakeholders entering the landscape, the future holds a great success of venture-funded startup hubs as the firms turn to authorities as prospective investors.


The dynamic growth of start-up spaces has substantiated investors to find for lucrative withdrawal.  With increasing business landmarks, more liquidity is bound to emerge. Most of these start-up houses enable global networking within physical range for creators and entrepreneurs to build, expand, work, connect with the potential to create substantial companies and enterprises. In Austin, TX office space for a startup, the entrepreneurs get to travel, adapt and adjust around the city. The collaborations and intense competition lead to varied experiences among the participants. Not only does it inculcate corporate discipline but also encourages forming and reshaping of skillsets.

5 Qualities of A Great Business Team


A high-performing business is a collection of not only a good leader but also a high-performing team that is organized and has the same vision, just like the leader. In the success of a business, just the strategies or the behavior of the leader doesn’t count. But the behavior of the team is also the indicator of whether the business is going to succeed or not.

Learn from Bardya Ziaian, who is himself not only a great business owner but also has a good business team that has a vision like him and wants the company to flourish. 

Now, if you are someone new or unaware of what a good business team looks like or what traits a good business team should have. Then take a look at the points below:

Team Members Are Supportive Of Each Other

The number one indicator that can tell you if your team is a good one or not is their supportiveness for each other. A team is only successful if they support each other in their hard times. Always check that your team is supportive of each other and are they helping each other when someone needs a helping hand. If your team members are jealous of each other or have some rifts between them, then it is going to affect your business.

Communication is the Key Between Them

Communication should be the key between your team. Team members need to work together. And for that, they need to communicate with each other at different intervals regarding the projects and all that. But if a team member doesn’t want to share their thoughts or insights on the project with each other, then how do you expect your project to be successful? A team needs to talk with each other and share their thoughts because different minds and different thoughts and all the effort thoughts together can make a unique idea.

They Concentrate Their Mind on One Goal

As a member of one team, all the team members should focus on one goal. Take the insight of big organizations. Their leaders do not only themselves are focused on their goals, but their teams also follow their leader. Think about Anna Wintour, she’s able to build a good business because her team was also concentrated on their goals and improving their results.

Everyone Takes Part Equally

Every member of the team works equally and puts in a good amount of hard work that is needed from them. You can give the whole work to one person and in the end, he will collapse. The members of a successful team know this very well, and that’s why they equally share the work so that everyone is equally responsible for the project they are doing.

They Cooperate With Each Other

Although the team members can be really competitive but still at some points, they will need to cooperate while putting their preferences aside. And for being cooperative, they will need to learn to respect each other and their personal preferences. Being in a team or doing teamwork is all about cooperation. If any of the team members are not willing to cooperate, the team is never going to succeed, and in turn, the business is going to flop.


Leaders like Bardya Ziaian and his teams are the ones that succeed because they share the same vision and goals. And if you want your team and yourself to succeed, then follow these tips and be successful.

Key Insights In Business Leadership


Leadership has a huge role in developing the business model. Leadership promotes diverse people to collaborate for a common goal.  

Leadership is a crucial growth factor as it strengthens the core of the business. If you go through the interviews of several successful entrepreneurs, you will come to know about how leadership skills have developed their perspective consistently. They keep on learning key lessons for their improvement. Richard Warke Augusta, one of the most successful people, spent many years as a leader in the international resource sector.

Key Insights

Now, you have realized that leadership is important for the target completion. Let us discuss the key insights of business leadership. 

Micromanaging needed to be stopped

Top companies hire the best-skilled people who work for them and achieve the company’s goals. When leaders become insistent upon a particular task that must be done in a specific way, it creates a micromanaging environment. The trust relationship between the team leader and other members is often impaired under this situation. This is because some leaders want to hold on to their powers and start forwarding commands to lead their team. It creates a pressure in the workplace resulting in a loss of interest and productivity.

Consideration of weakness and strength

Every person has some weaknesses and strengths. When employees work in a team, they should lend supportive hands to other colleagues if they find difficulty accomplishing a particular task. An experienced leader has a realization of the strengths and weaknesses of team members. Delegation of responsibilities should be based on teammates’ unique abilities and skills to utilize their talents.

Recognition of mistakes

Whether a person is a leader or teammate, mistakes can happen to anyone. The crucial thing is acceptance of mistakes and working upon them. Acceptance of mistakes shows your consistent willingness to learn more. Along with leaders, the whole team works for improvement. It depends upon the leaders how they provided guidance and trained their team.

Creation of trustworthy relationship

To work with full efficiency, a trustful relationship between leader and team members is indispensable. This relationship promotes better organization and management.

Trust is an important factor in the effectiveness of collaborations. If the whole team puts their best efforts into task completion, the goal will be accomplished earlier than expected. Leaders need to bind the whole team to obtain a favorable outcome. For this, transparency in decisions is necessary. Richard Warke is a well-respected leader in the industry with successful track records.

Best utilization of abilities

Every teammate should know their importance. A good leader like Elon Musk knows how to recognize and appreciate the talents of others. Sometimes a single team member may bring better ideas than any other member can think. Under good leadership, teammates start to believe in their abilities and realize their value. Appreciation motivates them to feel dignified and deliver their great performance, which can be observable. 


While making decisions for the organization, leaders take the interpersonal risk. A business that doesn’t have clarity of target and strategy will not thrive because it will lose discipline. The leader has to be flexible, versatile, consistent, empathetic, creative, and persuasive to make their team coordinate generously. Good leadership safeguards the interest of every member of the organization.

Factors to Consider Before Buying a PVC Conveyor Belt

Conveyor Belt

Conveyor belts are commonly used on assembly lines in manufacturing companies to ensure that processes on different products can be completed automatically until they have been fully manufactured. However, you have to understand that buying a new conveyor belt is a big investment, and one that must be evaluated carefully. There are several important factors that you need to take into account before investing in a conveyor belt. Some of the most common types of conveyor belts include:

  • Cleated belt conveyors
  • Modular belt conveyors
  • Flat belt conveyors

If you are interested in buying a new PVC conveyor belt in Coventry, you should know that there are several important factors that will affect the price of the conveyor belt. Here are a few.

Conveyor System

Underneath the belt, a conveyor system will have to be installed that is going to keep the products on the belt moving from one place to another. The conveyor belt system you choose is going to have a major impact on the cost. There are less expensive ones in the market that are not designed for moving heavy items.

Length of the Belt

How big does the conveyor belt have to be? You have to take measurements for the length and the width of the conveyor belt. Make sure you evaluate these factors because the longer and wider the belt, the more it’s going to cost you. These are just a few things that will affect the price of the belt.

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Payment Processing Problems

How To Solve The Most Common Payment Processing Problems

Over the years, merchants have been adapting and utilizing payment acceptance technologies in dynamic ways. Since most businesses rely on credit card processing to handle...