Merchant Accounts or Credit Card processing Information for Small & MIdSize Businesses (Like Mine)> Here's vital info on processing Subscription Revenue Credit Card Processing, Credit Card Merchant Accounts, Third Party Processors, Shopping Cart Software, PCI Compliance, Card Not Present, Fee Structures, et al
Wednesday, June 13, 2018
Credit Card Account Updater
The account updater is a service for vendors that run a monthly billing subscription service.
This is a service provided by some credit processors that tracks changes, such as new expiration dates, and updates the records before the attempted billing fails. It works on MasterCard, Visa, and Discover cards.
An account updater usually has some costs associated with it. They run the updater across all the cards and either charge per card monitored or by changed made. It works on both subscribers credit and debit cards.
This is one way that companies improve their processing and results for recurring transactions.