Payment Options
September 30, 2015 at 11:21 am
Oct. 1 represents the deadline for most merchants to accept Europay, MasterCard and Visa (EMV) chip-equipped credit cards at their terminals. Should a merchant only process payments with the familiar magnetic stripe reader, and end up taking a counterfeit card, liability for that transaction falls upon the merchant. At first glance e-commerce pros may see this…
September 28, 2015 at 10:44 am
The Oct. 1 EMV deadline is quickly approaching – yet many retailers are racing to this finish line with uncertainty if they will make it or not. In fact, a recent survey from Strawhecker Group revealed that only 27 percent of U.S. merchants will be EMV ready by the Oct. 1 liability shift. This same…
September 22, 2015 at 10:51 am
As retailers and banks prepare for the Oct. 1 EMV liability shift — which moves fraud liability from issuing banks to merchants — many consumers haven't yet received their new chip-enabled cards, or are simply in the dark about what EMV means, according to a new survey from ACI Worldwide. The new EMV Readiness Survey of…
September 11, 2015 at 11:26 am
Kmart has expanded its layaway program and dropped a required down payment on a lease-to-own plan, joining other U.S. retailers in trying to get a jump start on grabbing holiday shoppers. Kmart, a unit of Sears, started allowing customers to buy in installments with no down payment last week, an option it will offer every day…
September 11, 2015 at 10:36 am
Seven months after splitting with longtime partner Costco Wholesale Corp., American Express Co. said Thursday that its cards will be accepted at rival membership warehouse Sam's Club starting Oct. 1. Sam's Club, a division of Wal-Mart Stores Inc., has 653 stores in the U.S. and Puerto Rico.
August 31, 2015 at 10:56 am
PayPal is raising fees by up to 32 percent by eliminating volume discounts for larger sellers, and EcommerceBytes has confirmed that certain companies are exempt from the fee hike, which the payments company is referring to as a fee "simplification." PayPal spokesperson Anuj Nayar told EcommerceBytes, "We are only changing the rate structure for merchants on…
August 28, 2015 at 11:34 am
PayPal is raising fees by up to 32 percent with the elimination of volume discounts. Sellers on eBay are particularly hit hard as the marketplace limits which payment methods they can offer for eBay transactions — and eBay just revealed yesterday it will no longer accept ProPay or Skrill, leaving many sellers in a tight…
August 28, 2015 at 11:27 am
The calendar may still say summer, but retail giant Wal-Mart is encouraging consumers to get in the Christmas spirit now. With Labor Day more than a week away, the world's largest retailer is scheduled to launch its holiday season layaway plan four months before Dec. 25. Starting today, two weeks earlier than it did last season, Wal-Mart…
July 30, 2015 at 2:27 pm
Oklahoma City-based Hobby Lobby Stores is fighting Visa and MasterCard in court over what it claims are excessive fees for accepting debit and credit cards at its stores. Hobby Lobby and its sister company Mardel have filed an antitrust lawsuit against Visa and MasterCard in U.S. District Court in Oklahoma City over the fees, which…
July 27, 2015 at 4:03 pm
CurrentC, an electronic payment system backed by many of the biggest retailers in the U.S., will begin a limited public rollout in August, Bloomberg News reported on Friday. The smartphone-based technology is intended to rival payment services from Apple, Google and Samsung, and an August launch would be in line with the "mid-2015" schedule the…
