How to get paid?

There are several questions/pieces of information you would want to consider to know which avenue to go down (a few highlighted below): - which platform are you going to be on-boarding and connecting students/tutors thoughts? web, mobile, hybrid or brick & mortar (includes actual phone calls etc) - how often are disbursements of funds going to happen with a typical transaction period (say 1 month)? - what is your service fee/cut for the work completed? are you working on a %/commission basis or are you generating funds from clients in another way? - which party shoulders the service fee your charge? Is it just one party or both? - is the transaction always intending to be a 1 to 1 relationship (i.e. would a group of students be able to hire a tutor for an exam review session and split the costs etc?) those are just a few things that should be top of mind as you consider which ways and means you intend to collect/process payments for your service. I'd be happy to jump on a call and walk through these and other questions to help get you on the payment model/processor right for you. Just click below and request a call to get started. https://clarity.fm/jcgarrett

What you are seeing is a pattern for a business that is experiencing a cash flow issue and ultimately will go out of business as suppliers will move them to prepayment or COD. One solution to protect your business is to accept a credit card for payment of the invoice within 7 days and let them manage their cash flow challenges behind the scenes with their issuing bank. The other option is to offer prepayment and if they are not in position for that then I would no longer sell product/services. Sometimes it takes one supplier to force the inevetible, but you have to protect your business and resources as well.

Depending on what classifies the transactions as fraudulent will determine next steps. If the fraudulent transactions were due to the cardholder having their card stolen and then being used to make fraudulent purchases you should work with your merchant services provider. Within your gateway or shopping cart you have settings that allow you to request AVS, CVV, CID, Address Match, etc. and you can determine the velocity settings and how strict you want to be for each transaction. Some gateways also have country blockers to eliminate transactions that are coming from known organized crime or hackers specific to fraudulent transactions. You should always report any suspected fraud to your merchant services provider, gateway or shopping cart provider along with the authorities in your local jurisdiction. Setting your filters and tolerances really low will allow transactions to go through and generate revenue but when you do not validate AVS, CVV, CID or address match, etc. then you risk the chance of fraudulent transactions. If you collect all the above information and it still ends up being a fraudulent transaction then it should be the responsibility of the card issuer and not the merchant or merchant services provider.

When a credit card is used to make a purchase/payment the cardholder has the ability to chargeback that transaction for up to 180 days with the issuing bank. If they have not received the product and/or service as promised they will contact the issuing bank.

Its a combination of the First Data Offerwise Platform and the CardSpring API. You need to get certified by First Data in order to get access to the datasets required to build a service like that.