3 Types of Businesses That Benefit From Payment Processing Vendors
Payment processing allows businesses to carry out credit and debit card payments made by customers. Once a card is swiped or tapped, these financial transactions are expedited and transmitted safely and quickly from a buyer’s bank or credit card provider to a merchant’s account. This quick convenience benefits both consumers and businesses alike. However, not […] read more ⟩⟩
Why Should My Business Accept American Express?
Today’s consumer not only prefers to use their credit or debit card when making a purchase, they expect the merchants they shop at to accept those cards as well. However, American Express cardholders are oftentimes frustrated by the fact that some merchants still do not accept that particular card. Even though a large percentage of […] read more ⟩⟩
Surviving Chargebacks
Chargebacks are quite a headache for the average small business owner to deal with. Not only are they difficult in processing, but they are also something that ends up costing the company money. No one likes to see the money that they had already earned now taken back via chargebacks. As such, it is nice […] read more ⟩⟩
Stay Prepared For The Future Of Payment Methods
It’s hard to imagine, but paper money is a very recent trend in the long history of currency. It was all about coins, bullion, and the value of precious metals before then, and nations only dropped the gold standard in the 20th century. Even the idea of checks and bank accounts had to be invented […] read more ⟩⟩
EFT – Save Money and Trees
To those who have never owned a business, the process probably seems quite simple: you come up with a good idea, choose a location out of which to operate, and simply welcome the customers in to buy your product or service. However, those that have been managing businesses for years know that there is much […] read more ⟩⟩
Ways To Obtain Capital For Your Business
There are a lot of things that can affect a company’s ability to function correctly, cohesively, and like a well-oiled machine. For instance, many organizations struggle to collect from customers and pay employees on a weekly basis. Fortunately, with sheer grit, determination, and a little luck, the owner is usually capable of keeping the ship afloat. […] read more ⟩⟩
Major Merchant Service Providers vs. Internet Merchant Accounts: Which Is Better for Your Business?
Online payment processing services are a vital part of any modern business. These services allow organizations to conveniently accept credit and debit card payments from customers, granting them access to the funds from those transactions. More than 108.6 million credit card transactions occur in the U.S. each day, and 70% of people own at least […] read more ⟩⟩
How Is Credit Card Processing Different From ACH Processing?
“Credit card processing” and “Automated Clearing House (ACH) processing” are often used interchangeably when talking about payment processing. Although both are ways things get paid for, they are fundamentally different. Having both at your disposal can make your payment processing more robust and provide more options to your customers. Automated Clearing House processing electronically exchanges […] read more ⟩⟩
4 Common Misconceptions Business Owners May Have About Payment Processing Companies
Using a payment processing company can lower overhead costs and generate positive cash flow. But many B2B consumers are unaware of the benefits of payment processing and may have misconceptions about it. Here are four commonly held misconceptions and the truth behind these myths: Myth No. 1: Payment processing companies provide credit cards. Customers may […] read more ⟩⟩
What Happens If You Are Hit With Credit Fraud?
The credit card is one of the most versatile ways for people to buy things in the modern world. With a credit card, even if you don’t have the money on hand, credit card processing allows for people to make convenient or necessary purchases. This can be done either at a store, it can be done […] read more ⟩⟩
