Being able to keep your business moving is important for hundreds of different kinds of businesses. From trade shows to food trucks to giving customers the ability to purchase products anywhere in your store directly from mobile representatives, today’s credit card processing needs to be able to meet the demands that a constantly moving world […]
There are plenty of terms that modern business owners need to become familiar with in order to ensure that they are able to keep their financial futures secure and that they can maximize their profits. Over the last several years, Fintech is becoming increasingly important – so much so that today’s banks are integrating it […]
More and more, we have come to rely on the online world in our personal lives as well as in business. And while the internet has helped to simplify a number of the processes we handle daily, the fact remains that our reliance on the net means that risks have arisen as well. In particular, […]
Today’s businesses require a number of different things in order to go beyond just succeeding and exceed their goals consistently. While broader things like good marketing strategies, strong employee relations, and a good brand identity are all important, it’s important to pay attention to smaller things that have a big influence as well.
Recently, the internet has inspired a new kind of sales staff: the affiliate partner. Affiliates don’t work for the company directly, not as an enrolled employee, but they do earn commissions and residuals in exchange for referring customers to the company’s products and services. Commissions are more common for one-time deals, while residuals come from […]
Credit card processing fees are one of those costs of doing business you can’t seem to avoid. People love paying with plastic, especially since they aren’t the ones seeing the fees, but every time that card enters your terminal a little money goes off to pay someone else. Fortunately, credit processing fees aren’t all set […]
ACH, or automated clearinghouse, is an electronic payment method that’s easiest to understand when you think of it as the next step in checks. It’s important for merchants to accept credit and debit cards thanks to how many people use them today, but merchants who accept large payments and use their website for business should […]
Out of all the transactions you accept as a merchant, chances are that the vast majority will be honest and uncomplicated. You may run into a few declined cards and see the occasional charge back, but fraud isn’t common at all. However, while fraud is rare, it still happens. As a merchant, you can only […]
As a merchant services partnership, your job is to convince merchants of all stripes to switch to your sponsor’s network, whether it’s for online transactions, card payments, or direct bank transfers. Your reward is a residual, a percentage of the net profit made based on the volume of the merchant’s transactions. How big this percentage […]
There are a lot of different ways to pay a sales staff. There’s the usual hourly and salaried income that most jobs offer, there are commissions that pay out for each sale, there are payments per-click or per-view for sales partners who run the company’s ads, and then there’s the residual income approach.