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Robin Deane

Robin Deane Marketing Manager at GPayments

What is Least Cost Routing and how does it work?

Least Cost Routing (LCR) or 'merchant-choice routing' is when a payment is routed via the cheapest option for a merchant when a customer makes a contactless dual-network debit card transaction. LCR occurs either through Visa, Mastercard, or eftpos. Debit Card & Payment Cost Debit cards enable people to make purchases or cash withdrawals from ...

/payments /retail

Robin Deane

Robin Deane Marketing Manager at GPayments

False Declines, the bane of the payment industry

False declines, can be a neverending source of irritation for eCommerce retailers. False declines are valid transactions (would-have-been sales) that are rejected due to fraud speculation. Simply stated, they are legitimate transactions that are being wrongly denied. Profits are diminished when a successful sale is missed due to a false decline. ...

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