Archive for July 2019
What is the Purpose of a Chargeback?
It’s a term that can send shivers down the average retailer’s mind. It can be just a few dollars per charge, but it can quickly pile up, and it can do permanent damage to your business. But what is it? A chargeback is a process by which a cardholder can try to cancel a sale…
Read MoreWhat Credit Card Processing Equipment do I Need for My Shoe Repair Business?
As skilled artisans, passionate about their craft, small business owners who have set up a shoe repair business occupy a special niche. Traditionally, this sector has been a highly individualized one, with relatively little organizational capability and group support. It offers customized, bespoke, personalized services mainly to local customers. However, with some business strategy inputs,…
Read MoreWhat are EMV Cards?
At a glance, credit cards and debit cards look similar. But their function is quite different. Debit cards pull cash directly from your bank account. Credit cards run a ‘tab’ up to a given limit, and you repay your tab at the end of your credit cycle. Debit cards are usually inserted into an ATM…
Read MoreHow Do I Get Started Accepting Credit Cards?
Whether you’ve just set up or you want to modernize your small business, accepting credit card payments can play a major role in your business’s sustainability and growth. According to a 2017-18 study conducted by the American Banking Association, there are more than 300 million credit card holders in the US. Additionally, a 2016 Gallup…
Read MoreGrow your Customer Base by Accepting Credit Card and Debit Card Payments
As a customer, if you’ve been told at the checkout point that you can pay only by cash or check, you know the feeling. Apart from the annoyance of having wasted time and effort on shopping for stuff you couldn’t pay for, this particular store or service runs the risk of being crossed off your…
Read MoreCredit Card Processing for your Small Home Business
A lot more Americans are working from home, and their reasons differ. Some do it for better work-life balance. They want more freedom and flexibility, so they can follow their passion. Others may have lost their source of income involuntarily or felt burned out at their corporate job, so they’re seeking a low-cost way to…
Read MoreWhy Accepting Credit Card Payments can Increase Your Business
In the movies, people typically only pay cash when they’re on the run and they don’t want to leave a trail. In real life, customers are increasingly moving towards credit cards. These days, even teens and tweens have their own cards, so they get into the swiping lifestyle early. Some parents use it a technique…
Read MoreWhat You Need to Know about PCI Compliance
If you’ve spent any time online, you’ve probably heard about identity theft, phishing, skimming, and other credit card scams. It’s something we all vaguely worry about, but most of us gloss over it as we continue to use our credit cards. And although it’s a valid concern, we’ve learned to live with it, because we’re…
Read MoreHow to Set Up a Merchant Account
When Western Union first began issuing metal plates called “cards” to their employees in 1914 in lieu of salary payments in cash, little did they foresee an era where a swipe or dip could purchase almost anything you need. This was a “closed” system where card-holders could only shop at company-owned stores. In 1946, a…
Read MoreConfused about How Credit Card Processing Works?
With the number of credit card holders crossing the 450 million mark back in 2016, this is a population that significantly impacts business owners. Whether you run a brick-n-mortar enterprise or an online e-commerce website, credit cards have become a preferred mode of payment. According to Statistia, 34% of people surveyed in a 2017 study…
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