How to Store Credit Cards With Clover for Recurring Payments

Many point of sale payment solutions don’t allow you to store credit cards. Somewhat surprisingly – given its modern approach, excellent reputation, and growth – Clover is one such system. There are many good reasons for this. A downside, however, is the inability for merchants to make recurring, card not present transactions. There is no way within Clover itself to capture and store credit cards for recurring payments. The good news is, there’s a solution for this. […]

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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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The Path to PCI Compliance

If you’re starting a business that accepts credit cards online, my direct experience doing this very thing may provide helpful guidance as you navigate the requirements of PCI compliance.   A number of years ago I was working on a product that enabled groups of people to communicate with one another and collaborate as a community – lets call it “AwesomeGroups”. We began to think there could be a revenue stream in features that allowed […]

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Digital Subscriptions: Roll your own or a third party?

Spreedly began life as a digital subscription service before selling the service  to Pin Payments. That allowed us to focus full time on the “new” Spreedly; helping companies that have to work with more than one payment gateway obtain all the benefits that someone working with a modern payment gateway’s receives. One of the unexpected outcomes of selling the subscription business and focusing in our new offering was we changed camps overnight. When I recently ran […]

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Failed transaction rates by payment gateways

Spreedly is a credit card vault in the cloud that allows you to work multiple payment gateways simultaneously or over time. As such, we’re in a unique position to see transactional data across payment gateways for our customers. Failed transactions are an ongoing concern for all of our customers. At best they equal a costly customer support intervention and at worst lost sales. So while many merchants spend time on sites like Feefighters trying to optimize rates paid […]

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The Subscription Economy

Discuss the surge of interest in the subscription and recurring payments space and most people assume it is driven by the dramatic growth in digital goods. Music, software, digital books and movies (Netflix anyone?) are just some examples. While that’s definitely a big part of what’s going on what is often overlooked is the growth of subscription services around physical goods. This article is a good example of growing subscription business built on durable consumer […]

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