[…]your chargeback rate, personal credit score, transactions, sales model, and operations. Chargeback Rates One of the most common reasons why banks will label a company as a high-risk business is its chargeback rate. Loan providers and payment processing services will determine if your company has a high chargeback rate by analyzing the behavior of your usual customers. If your employees spend most of their workday processing returns, there’s a good chance that you’re running a high-risk business. The best way to reduce your chargeback rate is by implementing a strict return policy. This will make customers second guess investing in […]
[…]the physical card to arrive. Remember that instant approval cards may come with higher interest rates and fees. So it’s essential to read the terms and conditions carefully before applying. Store Credit Card Store credit cards are designed for loyal customers of specific retailers. These cards offer rewards, discounts, and exclusive offers for shopping at the affiliated store. Some store cards also provide special financing options for larger purchases. These cards can offer substantial savings for frequent shoppers. But you must remain aware of the potential drawbacks, such as high-interest rates and limited usability outside the store. Always read the […]
[…]rates on payday loans aren’t governed by or affected by the Federal Reserve like mortgage rates or prime rates are. That’s why you get quite a variation in the interest rates presented to you by all the lenders on your shortlist. You will be surprised at how much of a difference in interest rates you will garner just by shopping around a bit and comparing the various lenders available on the market. Take your time with this. Even spending a few hours on this comparison shopping can result in a huge boon for you. Yes, you might be in a […]
