Dec 28, 2021
Are you an e-commerce business owner who wants to give your customers the ability to pay with a credit card, but don’t know where to start? Maybe you are finding the rate structures to be confusing or are tired of being hit with hidden fees. Payment processing can be a headache!
It’s not the sexiest topic of e-commerce, but it is the most important. You cannot do business online without a solid payment processing relationship. But the truth is, it is a complex industry that can be difficult to understand. Educating yourself is the best place to start. Knowledge is power.
In this episode, Ramin Ramhormozi and Ryan Mirpanah discuss the ins and outs of the payment processing industry. Ryan provides valuable insight into the industry along with an explanation of the basics. They discuss payment processing for high-risk industries, fraud, sponsor banks, and more.
Topics Include:
- Payment processing industry
- Sponsor banks
- Shopify payments
- High-risk industries
- Cannabis industry
- Qualification
- Fees
- Held-funds
- Chargebacks
- Disputed transactions
- Fraud prevention
- Friendly fraud
- Doing business as (DBA)
- Authorize and capture
- And other topics...
Ryan Mirpanah is the owner of Vector Payments, which is a company that offers payment processing solutions for businesses. With 12 years of experience in the payment processing industry, he has become an expert on the topic. He is a graduate of the University of North Carolina at Greensboro with a focus on business administration, finance, entrepreneurship, management, economics, accounting, and business ethics & diversity. He is passionate about simplifying the industry for SMB and enterprise businesses. Ryan is competitive by nature and an avid sports fan.
Resources Mentioned:
LinkedIn: Ryan Mirpanah
Website: https://www.vectorpayments.com/
Email: Ryan@vectorpayments.com
Authorize.net: https://www.authorize.net/
HubSpot: https://www.hubspot.com/
Salesforce: https://www.salesforce.com/