Choosing the right ACH payment solution can be a daunting task for businesses of all sizes. With so many options available, it’s important to understand what features are necessary and which ones aren’t. As experienced payment processing solutions experts, FLEX knows that there is no one-size-fits-all approach when selecting an ACH payment processor. In this...Read More

As a business owner, you need to be able to accept payments from customers in a variety of ways, including credit and debit cards, ACH transfers, and more. To do this, you’ll need to work with a merchant services provider that can help you process these payments and ensure that your transactions are secure and...Read More

Collection agency merchant accounts are nearly all in a category considered high-risk by just about every credit card processing company or merchant. However, to understand why collection agency payment processing is regarded as high risk, it is essential to know about the factors that are part of the debt collection business model which lead to...Read More

Collection agencies require a compliant, reputable, well-established payment service provider for Their debt collection merchant accounts. Even high-risk payment service providers have a certain threshold of risk beyond what their underwriters may not be comfortable with for various reasons. Given that as underwriters, they are responsible for determining how risky a particular business is by...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

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

Businesses of all types and sizes are always trying to cut costs, increase efficiency and grow revenue, but it’s become even more important now. As the coronavirus has ravaged the country, devastating the economy and upending Americans’ daily lives, companies have needed to find additional ways to save money. Amid the ensuing financial ruin and...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