Credit Card vs Debit Card Decline Rates: Are Credit Cards Worth the Processing Fees?

In the Consumer’s Eyes: Credit Card vs Debit Card It is hard to imagine that the introduction of credit cards goes all the way back to 1950, well before the invention of laser, computers and many other technological advances. In fact, the first laser, (whose successors are the main tools for reading credit card information) was developed in 1960 and people had to wait another 14 years to witness the first barcode scanner. Later in […]

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Free Your Business From Payment Data Silos

The word “silo” originates from the Greek word “siros”, which means “a pit to keep corn in.” And there might be nothing more nostalgic than a picturesque red barn with corn silos. Those in technology have a different thought: one of “data silos.” In the era of big data, data silos are a topic of interest and not so nostalgic. Instead, the conversation revolves around how bad silos can be and how to get rid of them […]

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Spreedly Insights: Reduce Failed Online Credit Card Transactions

Spreedly’s mission is to democratize participation in payments by connecting platforms, online merchants, payment providers and other PCI compliant services. Information is one critical pillar of openness and, with that in mind, we’re proud to announce that Insights is available to all Spreedly customers. The idea behind Insights is simple yet extremely powerful: provide accessible insights into your payment gateway data to help you track and reduce failed online credit card transactions. Introducing Insights Insights […]

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Payment Transaction Trends: Credit/Debit Cards and Gateways in 2016

This article is the first in a series to provide a point of reference for online merchants, payment gateways, banks, and anyone involved with online payment solutions who want to evaluate the performance of their own metrics against payment transaction trends at Spreedly in order to make their own comparisons.     Spreedly’s ever-growing trove of data provides unique insight into the payment transaction industry. In fact, we are expecting to process 100 million transactions in 2017. […]

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Switching From PayPal to Stripe: Impact on Credit Card Decline Rates

Recently at Spreedly we had the opportunity to “drink our own champagne” (or eat our own dog food) as we switched from PayPal to Stripe and measured the impact on our credit card decline rates. As our customer’s know, we help online merchants and marketplaces minimize PCI compliance scope via secure credit card collection, tokenization and then routing that card for a transaction against your preferred financial partner. This could be a payment gateway or a third party […]

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