Blog
Visa & Mastercard Guidelines for Declined Transactions
If you’re a business trying to run a card-not-present transaction on your customer’s card, Visa and Mastercard have specific guidelines about how you should proceed if the initial transaction is declined: A card should always be run for the full amount owed, splitting a charge into lesser amounts on the same card simply increases the…
Don’t Use DoorDash or GrubHub for Carryout!
If you regularly order carryout from a local restaurant, considering ordering from them directly through their website or over the phone as opposed to using DoorDash, GrubHub, Uber Eats, and the like. These companies can charge 30% to the business for orders that come through their platform even if the customer is coming to pick…
#magothyaroundtown Birthday Bash!
While we’re all stuck inside, let’s take a look back and remember how much fun we had celebrating our 5th birthday back in September of 2019 before masks and social distancing were a thing.
How COVID-19 Is Affecting The Payment Processing Industry
While the world is still amidst a global pandemic, many of us in the payment processing industry are seeing the effects on the business community in a way that no one could’ve predicted. BEGIN TRANSCRIPT: Good afternoon. Jaron Rice, founder and CEO of Magothy Payments. Today is April 17th and I wanted to give you…
Cause for Advocacy
Have you ever heard the saying, “One bad apple spoils the barrel?” It’s true, ya know. An overripe, spoiled apple will emit significantly higher levels of ethylene gas causing other apples around it to overripen as well. We often use this saying or variations of it to describe how low character people can be bad…
High-Dollar Declines
There are a number of reasons your customer’s card is declined. Maybe they don’t have the funds available. Perhaps you keyed in the card number wrong. It’s possible that the AVS (address verification service) failed because the billing address entered is incorrect and your gateway is setup to decline such transactions. There are a host…