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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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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Reducing credit card declines: expiration dates

Shoresh Shafei, Justin Benson & Nathaniel Talbott We are excited to start mining Spreedly’s data – we have quite a lot of it – to surface interesting insights, trends, and if possible actionable results for merchants, payment gateways, and even consumers. While perhaps not as flashy as data science at a dating company, it should be safer to read at work, and we suspect there are a lot of kindred souls that find payments data […]

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GUEST BLOG, Part II: Reducing declines on the payment gateway side

By David Goodale, Merchant Accounts.ca In part I of this series, “Everything online merchants should know about credit card declines,” we looked at the causes of declines and how to minimize them on the card issuer side. Unlike card-issuer side declines, as a merchant you should have a significant amount of control in terms of the anti-fraud settings within your payment gateway. Making certain that the anti-fraud rules are configured correctly for your type of business […]

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Credit Card Vaulting: Direct Merchants vs Cloud Platforms

Modern payment gateways allow you to tokenize a card and stay outside of PCI compliance scope. Spreedly is unique in that we allow you to tokenize the card and then pass the underlying PAN to the payment gateway of your choice. The card never gets locked in or tokenized at any one particular gateway. Why not just try and use a single global payment gateway? Great question. If you can, you should. For one, you’ll save […]

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Payment Gateway Index for January

Hi everyone, We’ve added January data for our Payment Gateway Index. A couple of interesting observations: Conekta, a payment gateway startup from Mexico, shows up for the first time. We wondered if processing speeds would be better compared to December (where gateways are under full holiday season load), but surprisingly we didn’t see much change across most of the gateways we track. Oddly though, despite the increased December volumes, a number of the larger gateways […]

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