Archive for March 2018
Key Benefits to Payment Processing Integration
The average business receives payments through multiple methods. You might receive cash at the cash register, checks in the mail, and cards online. Chances are you run all three systems separately, so you have one dossier for cash, one folder for checks, and a bank statement for credit card transactions. Fortunately, if you have the…
Read MoreWhat are all the Costs of Accepting Credit Card Payments?
Credit card fees have an almost labyrinthine nature, with many business owners having a hard time with understanding where they start and where they end. However, this does not mean that they are completely obscure. After all, businesses that process credit cards pay them regularly. The important thing to remember is that the fees typically…
Read MoreHow to Collect Payments Online with a Payment Gateway
A payment gateway is used to validate the credit card details of a customer in a secure manner. It is often considered the equivalent of a point of sale terminal in a brick and mortar store. The gateway will pass the customer’s financial information to the merchant’s bank. It will then confirm that the charge…
Read MoreWhat Are Integrated Payment Solutions?
An integrated payment solution (IPS) is a business tool that combines payment processing with customer relationship management, accounting, and other business methods. With an integrated payment solution, you can streamline many of your business processes, and help your bottom line. The benefits of an integrated payment solution Generating a healthy inbound cash flow takes more…
Read MoreThe Benefits of Accepting Credit Card Payments
Today almost 60% of US consumers prefer to use credit cards for their payments instead of cash, according to the Federal Reserve. However, despite this, around 55% of US small businesses do not accept credit cards. The question is why? Even though processing credit cards has a lot of obvious benefits, business owners can be…
Read MoreHow to Begin Credit Card Processing for Small Businesses
Beginning with the introduction of the first credit card in 1950, shopping became more convenient and cash started to decline in popularity. Of course, in those early days, the credit card system was fairly rudimentary, but today, thanks to many technological advancements in finance, electrical engineering, and the digital space, credit cards have become ubiquitous.…
Read MoreThe Benefits of Opening a Merchant Account
Cash is an increasingly less popular method of payment for many customers, and checks take a relatively long time to cash in, while coming with the added risk of bouncing. Credit and debit cards on the other hand are growing in popularity. For businesses, a merchant account becomes essential if they want to keep their…
Read MoreEnsuring the Security of Online Payments for Your Business
Even though today’s online payment methods are quite secure, there is still always the remote possibility of a security breach. There are several steps that each online vendor can and should take in order to ensure the complete security of their customers’ information. Taking the time to think about security is a great idea for…
Read MoreInternational Credit Card Processing
Today, business is run globally, and you may find yourself in a position where you can grow your reach by selling products or services internationally. If this is the case, you will have to accept international credit card payments. It’s important to be aware of the factors involved so you can properly price your goods…
Read MoreHow Credit Card Processing Can Increase Online Sales
Should you accept credit card payments online? If you’ve just started a small business, you are probably considering the various avenues to generate income, one of which is the Internet. However, most people nowadays use credit cards to make payments online, and this means that you have to open up a merchant account, and add…
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