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Happy Wednesday!

It’s an absolutely gorgeous day here in Central Ontario, and I’ll be back with your full Wednesday Roundup shortly. But I wanted to address this issue that’s been getting a lot of attention lately without it getting lost in a full newsletter.

So, let me ask you a question…

How much do you really know about your payment processor and merchant account?

I know that as a business owner, there’s a whole lot I don’t know about how the payment processing side of things works, and I’m betting unless you’ve got a financial background, that’s the case for you too.

I know that I have a Paypal account and a Stripe account, and that I put the code they give me on my website and then as long as everything works the way it should, money appears in my account when people buy things.

I also know that if I screw up, I can lose those accounts and it can be really hard, if not impossible to get them back again. I think almost everyone knows someone who has had their account closed for one reason or another, and can’t get it back again.

That’s where my friend and fellow Digital Diva, Melody Wigdahl, comes in.

You might know her as a digital planner creator and host of the Kitchen Sink Mastermind. But, for almost 30 years BEFORE she started selling planners online, she was a well-known consultant in the international payment processing world.

It’s not an understatement that to say that she knows online payment processing like the back of her hand… She was there from the beginning!

And with all of the issues that have been talked about over the past couple of weeks, she’s decided to share her knowledge with you in a brand-new LIVE workshop:

​Merchant Account 101: The User-Friendly Guide To The ‘Care & Feeding’ Of Your Merchant Account!​

In this 2-hour workshop you’ll discover:

• · What is a Merchant Account?
• · Applying for your Merchant Account - What you need to know before you apply!
• · How to make sure your website gets approved (without these things, you will get rejected!)
• · How important is your credit rating?
• · Is Paypal enough or do you need a direct Merchant Account?
• · Understanding the Transaction Flow
• · The Role of The Payment Processor & Payment Gateway
• · Understanding Who Has Control: The Issuing Bank vs The Acquiring Bank
• · Definitions and Industry Terminology
• · Why setting up your Affiliate Program this way can cost you your PayPal account!
• · Transaction Fees and More - Make sure you know them all before you sign the agreement!
• · The Myth of the No Refund Policy
• · Chargebacks, Refunds, Fraud, & Friendly Fraud: What's the difference?
• · How Chargeback rates are calculated (it's probably not what you think...)
• · How to lose your Merchant Account: BRAM, GBPP & TMF - things to avoid!
• · PCI Compliance: Your liabilities and responsibilities
• · How to avoid UNINTENTIONAL Money Laundering!
• · How payment preferences vary by country

As small business owners and solopreneurs, we NEED to know this stuff. Especially as banking and financial regulations around the world become more complicated and complex!

This workshop gets you on the right track to understanding payment processing. In addition to Mel’s presentation, there will also be time for Open Q and A afterward. And replays will be available if you can’t make it live. (Or, if you’re like me and need to keep referring back to things a time or two!)

You’ll also receive:

• · A list of Industry Terminology and Definitions
• · Document and Website Approval Checklist
• · Presentation Slides to have as a reference

The Live workshop will take place on Friday, August 18 at 2 p.m. EDT.

Register today and save $10 with your early bird launch discount!

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I’ll be there for sure. Hope to see you there too!

Have an amazing day! Create what makes your heart happy… and get paid for it!

Ruth Bowers
​Creative Repurposing & Ritchie Media​
email: ruthie@ritchiemedia.ca
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P.S. – Miss the last newsletter? Read it here​

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​Disclaimer: I often recommend products and services that I use or that have been recommended to me by people we trust. In many cases these recommendations are accompanied by an affiliate link, which provides me with a referral commission should you click through and make a purchase.The information presented here is for educational purposes only. Before taking any action that may affect your health, finances, or well-being, please check with your own doctor, health-care provider, financial and business advisers, etc.Always do your own due diligence and make the best choices for YOUR life.

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