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Today we will be interviewing - Chase Harmer
He is a successful serial entrepreneur, investor, speaker, and the CEO of PayCertify, a worldwide payments company.
As the Chief Executive Officer, Chase is the innovative mind behind PayCertify. He started his career in banking at the age of 19. Since then, he has built portfolios processing billions globally and has created several patents through his two decades of experience.
In this episode, we will be talking about how you, as an online merchant, can choose the right payment processors and increase your revenues by up to 10%, through frictionless worldwide payment processing, automated virtual cards, and secure fraud control.
Timeline & What You're Going to Learn:
[00:42] Choosing the right payment processor for your online business. What are the key elements to consider?
[03:11] The challenge in using popular payment processors, such as Stripe and PayPal, when your business is scaling fast.
[05:38] Why you should consider having redundancy in your business? Don't put all your eggs in one basket!
[07:48] Virtual cards and the cashback ability with PayCertify. How to minimize fees and maximize rebates as an online merchant?
[13:07] Doing weekly bank transfers versus doing direct transfers.
[14:43] Dealing with the speed of payouts and reserves. Are there any specific industry norms?
[17:45] How does fraud protection work? The role of online payment processors in securing your account.
[20:52] Managing the chargebacks on the back end is a pain in the ass, and most of the time people lose!
[21:28] How much do eCommerce businesses lose to fraud? The increase in Cybercrime due to COVID-19.