There are many contingencies that you cannot avoid when you own a wedding venue. However, payment schedules should not be one of them. Institute the following best practices to ensure that you receive your money on time, thereby protecting your business and instilling confidence in your customers.
Subscription cancellations, often referred to as churn, are a fact of life for any business that uses this model to market its products or services. However, there are actions that you can take to keep client defections to an acceptable minimum.
The blessing and the curse of running a dropship business is that you never handle the products. While this arrangement is highly convenient, and often saves you a lot in inventory storage costs, there is one important sticking point. What do you do if a customer wants to make a return or exchange? Understanding dropshipping best practices is essential if you want to arrange your business in this way.
Did you know that packaging products into bundles can boost lagging sales while giving your store a much-needed shot in the arm? That being said, success in bundling wine or liquor choices involves more than throwing random items into the same box. It requires creativity, knowledge of your customers, and marketing savvy.
Due to their elevated price point, high-ticket items are particularly vulnerable to chargebacks. These occur when customers dispute the charge when it appears on their bill and result in loss of money and time for the merchant. While you will never be able to avoid these fund reversals altogether, the following strategies will help to protect against chargebacks.
As a Federal Firearms Licensee (FFL), your primary focus is rightfully on maintaining strict ATF compliance and providing expert service to your customers. However, the crucial step of getting paid presents unique challenges in a high-risk industry.
When a customer sees a charge from a business they don’t recognize on their credit card statement, their first instinct is to contact their bank to file a dispute. Not long afterward, the merchant must go through the time-consuming, stressful, and potentially costly process of fighting back.
Has your business been turned down for payment processing or had an account suddenly terminated due to your industry type? You may have been labeled "high-risk," a classification that can feel like a major roadblock to accepting customer payments.
Hunting season is when outdoor sports enthusiasts of all expertise levels want to get together with friends, tramp through the woods, and take down their game animals of choice.
A chargeback occurs when money is returned to a customer after they dispute a credit card charge. Fraudulent chargebacks happen when a card is used without a customer’s authorization.
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