Posts by Guest Contributor
Quick Guide to Credit Card Processing
What exactly goes on behind the scenes when you swipe? It’s not crucial information for customers, but it’s something business owners need to know–especially if you don’t accept credit cards. You may have heard accepting cards will boost overall sales, and it will increase individual customer spending too. So the main reason you might be…
Read MoreWhat Is An Acquiring Bank?
An acquiring bank is a bank that provides a merchant account to businesses that accept credit cards, and provide the money when a customer uses their credit card for goods or services. Before your small business can begin accepting payments from customers, you ultimately have to work with a an acquiring bank. It’s also known…
Read MoreWhat 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 More