Tips Archives - PayNow for Stripe

‘Restricted’ Stripe accounts

PayNow has recently become aware that some of our awesome customers are getting this message after signing up and using our app once: ‘This account cannot currently make live charge. If you are customer trying to make a purchase, please contact the owner of this site. Your transaction has not been processed.’ If this is you, please continue reading to find out how to solve the issue. In certain circumstances Stripe restricts accounts if the business is deemed high risk or they just need more information, such as bank account details or verifying addresses, to allow payments to be processed

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Fraud Prevention with Stripe

As you may be aware your PayNow App allows you to accept payments using Stripe, a worldwide payment processing company. Stripe is one of the biggest platforms for card payment processing in the world and is used by millions of companies including large corporates like Amazon and Google. Stripe launched in 2011 and is headquatered in San Fancisco.  It operates 9 global offices with more than 1500 employees. Bloomberg suggests that Stripe is now a $20b company which places it amoung a handful of the world’s most valuable private startups. So when it comes to fraud prevention let’s take a

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Taking Card Payments over the Phone with PayNow

Let’s face it, doing business over the phone is convenient for both the customer and you as the business owner. It’s a quick and easy way to exchange card information and complete the transaction. The easier you make it for customers to pay, the more sales you can complete and the more successful your business will be. Which businesses benefit from taking card payments over the phone? In general all businesses can benefit from offering card payments over the phone. However it is especially successful if: Your customers don’t visit you or your premises in person due to remoteness or

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Reducing Disputes and Fraud with PayNow

The best way to reduce the risk of disputed and fraudulent online payments in your business is to take steps to prevent them from happening at all. There are a number of effective dispute and fraud prevention strategies built into the PayNow app and the Stripe processing platform however you can also take action to reduce your risk in this area when dealing with your customers. Collect as much payment information as possible Firstly, you should always ensure you collect as much payment information as possible when processing payments, including customer name, email address, CVC number and billing address (zip

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Creating Goals for your Business this Financial Year

Most small business owners would agree that goal setting is integral to business success, however in reality, not many have concrete goals written down to help guide their business from year to year. At any stage of the business lifecycle goals are needed to keep your business moving forward and growing, sustaining motivation through achievement of objectives and tracking and celebrating successes. Goal setting doesn’t need to be a long and complicated process. At the heart of it, a goal is simply something to aim for. By going through the process of setting goals (or things to aim for) you

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Australian End of Financial Year Checklist

With less than a month to go before the end of the 2017/18 Financial Year it’s time to get your business in order. At this time of year many small businesses finalise their bookkeeping, prepare for their tax returns and start planning for the financial year ahead. We’ve put together an End of Financial Year Checklist to help. Here are some of the important tasks you should consider for your business: Outstanding Debtors Follow up any outstanding invoices especially those that are overdue. Speak to your tax advisor, as you may be able to write off any debtors or assets

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Let Your Customers Know You Take Card Payments

With customers expecting more diverse payment options, we wanted to make sure that we provided a way for you to let your customers know that you accept card payments. We’re aware that our users use our app across a diverse range of segments. We looked into the idea of providing plaques or hard-signage, but realised that in the end, the person who knows your business best is you! That’s why we’ve designed a simple, standard-format sign that you can display at your business in the most effective way possible. Click here to download PDF. As always, if you have any

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Optimise your Mothers Day market stall

Mothers Day was officially declared to be the second Sunday in May in the United States in 1914 after long campaigning from a peace activist named Ann Jarvis who cared for wounded soldiers during the American Civil War. It was not until 1924 that the first Mother’s Day was held in Australia. From the early 1920’s the commercialization of Mother’s Day began to grow and it is now considered one of the biggest trading events of the year.  Close to $2billion dollars is spent in Australia, 1.4 billion pounds in the United Kingdom and $21.4billion dollars in the United States

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