Archive for October 2018
How to Choose the Best POS System for a Small Business
Defining “small business” isn’t an exact science. You might think your enterprise is small because you have tiny premises, or maybe you’re operating out of your bedroom, or your car. You might gauge your size by the number (or lack) of employees. From a financial perspective, your business size is measured by the volume of…
Read MoreIs There a Difference Between Payment Gateways?
A payment gateway is an ecommerce service that processes credit card payments for online and regular stores. They enable these transactions by connecting an Internet website to the traditional banking network, so that the transaction information can be transmitted to a payment processor. Payment gateways don’t transmit payments (that is the role of payment processors); rather, payment…
Read MoreHow is ACH Different from a Wire Transfer?
When the ACH network was first developed in the 1970s, it was intended as a quicker, more convenient alternative to checks. Initially, ACH was only used for payroll and salaries. These days, it can be used for smaller payments, including monthly subscriptions and pre-planned expenses. The emphasis is on the planning. When you get into…
Read MoreThe Benefits of ACH Payments
An Automated Clearing House, or ACH, is an electronic network for financial transactions in the US. An ACH processes large volumes of credit and debit transactions in batches. Businesses are increasingly using ACH online to simplify customer payments, rather than payments being made by credit or debit card. Using ACH gives you another payment option…
Read MoreHow Do ACH Payments Work?
If you’ve been running an online business for a while, or if your face-to-face business has an online component, you may have noticed the increased prevalence of ACH payments. In the past, it was primarily an in-bank thing, but now it’s spreading to regular consumers and smaller digital enterprises. ACH stands for “Automated Clearing House.”…
Read MoreWhy Accepting Credit Cards Increases Your Sales
The first and foremost reason that accepting credit cards will increase your sales is because that is what your customer want. And that is not just your existing customers; there are loads of prospective customers out there that you don’t know about. They are the people who want what you sell but get put off…
Read MoreTop Benefits of Accepting Credit Cards
Statistics suggest credit cards increase sales as much as 500%. Here are some more specific benefits of letting your customers swipe. Reaching online customers The bulk of web-based customers pay by credit card, so if you don’t accept them, you may be locking out 90% or more of your online customers. They can mail in…
Read MoreWhat Equipment do I Need to Accept Credit Cards?
If you are holding back on signing up to accept credit card payments because you believe that you first have to buy specific equipment, whoa! You typically don’t have to buy a thing to sign up to accept credit card payments. This is because many merchant account providers supply all the necessary equipment at no…
Read MoreMerchant Services vs. Credit Card Processing
What’s the difference between a merchant account and credit card processing? You might know – as a business – that you require a merchant account which offers affordable merchant services. However, you may be unclear on exactly what these services are. Merchant accounts are opened at companies called merchant processors or payment processors. These are…
Read MorePayment Processors vs. Payment Gateways
When you sign up to accept payment by credit card, all the terms and processes can seem very confusing, but you don’t need to have extensive knowledge of the intricacies of card payment systems to become a merchant. To become a merchant you have to open a merchant account, and once you have a merchant…
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