Find the Best Fit for Your Business Payment processing solutions are key to any company’s success, particularly in the modern digital-driven and fast-paced world. Whether you manage a brick-and-mortar store or an e-commerce site, taking payments from your clients is vital for your business’s sustainability and growth. But with numerous payment processing solutions out there,...Read More
New Credit Card Fraud Can Ruin Your Business Instantly One of the newest forms of credit card fraud can destroy a business’s reputation with customers and potential customers, as well as the business itself, overnight. The new scam is called “credit card spinning” or “credit card testing.” This is how it works: How They Do...Read More
Third-party vendor payment solutions like PayPal and Square are well known credit card and payment processing options for many businesses. Many small businesses rely on these services to provide customers with convenient payment methods. However, not all businesses can conduct business with payment options like PayPal and Square. Consider this hypothetical: A well-established vape and...Read More
The number of businesses processing debit and credit card payments is increasing every year. A 2020 report from Nilson shows that debit card payments accounted for 41% of consumer payments in the U.S., while 22% were credit card payments. Without the right setup to effectively handle card processing and other modern payment solutions, businesses can...Read More
Credit and debit card purchases make up a large percentage of sales for most businesses, so it is important for business owners to understand the fees charged by a card processing company. Unfortunately, these invoices can be confusing, leaving the reader unclear about what is charged and why. For small or high-risk businesses, these invoices...Read More
Contactless payments are a simple way to make life safer and easier for retail customers. Reduced touchpoints, enhanced security and less risk from carrying large amounts of physical cash contribute to a better experience for customers. During a pandemic, many of these points are even more pertinent to provide a safe, secure transaction. Traditionally, high-risk...Read More
Selecting the right payment processing service is one of the biggest decisions a business owner will make. To avoid costly mistakes and find the payment solution that best meets your needs, you should know the available pricing models and how they impact your rates. Understanding the different credit card processing fees and being able to...Read More
It’s no secret that the COVID-19 pandemic has disrupted daily life and devastated financial markets across the world. Inflicting the worst damage on the U.S. economy since the Great Depression, the novel coronavirus resulted in record unemployment, fractional commercial activity and a slow recovery. Certainly, times are tough for all companies, but the ones that...Read More
In the modern world, more business is being done online and fewer customers are carrying cash. Companies are recognizing the importance of offering additional, flexible and, preferably, paperless payment options. And collection agencies are no exception. With consumers using a credit card for nearly one-quarter of transactions, collections credit card processing is a good decision...Read More
More than ever, touch-free payment solutions are an absolute necessity for businesses in an increasingly contactless and cash-free world. Today’s customers use their phones for just about everything, with 60% preferring them to make payments and more than 80% reporting that multiple bill-pay options increase their satisfaction. According to Accenture, the COVID-19 pandemic accelerated the...Read More
