Merchant Accounts for Medium-Sized Businesses
Consider your banking situation at the moment. You might have a personal account for your bills and household expenses. You may also have a commercial bank account in your business name. If you don’t, there are reasons why perhaps you should. It can be helpful for tax purposes, and to keep your costs separate. In…
Read MoreHow a Payment Gateway Can Help Your Business
Before we can see how a payment gateway will help your business, let’s first understand what it is. A payment gateway is a secure service provided by merchant service providers to merchants so that they can accept credit card payments online. Payment gateway software integrates with the checkout option on your website and runs 24/7/365…
Read MoreReasons a Small Business Should Accept Credit Cards
Owning a small business can be a very satisfying venture. Sometimes it gets comfortable because your scale is lower. You can maintain profitability while staying within your limits, and this can dissuade you from expansion. Any ventures that would broaden your scope can seem like unwarranted expenses, especially because you’re not sure how soon they’ll…
Read MoreMobile Card Processing
As a customer, there’s beauty in using credit cards to shop. You don’t have to worry about change, exchange rates during international travel, or carrying physical cash. But there may still be times when you were driving through some remote part of the country. Maybe it was a really small town, and they didn’t have…
Read MoreDoes a “Mom and Pop” Store Need a POS System?
Mom and pop stores are defined by their family feel, cozy atmosphere, and homely ambience. They’re typically run by relatives, and may have a handful of employees from the neighborhood – most likely high school and college students working part time, or nieces and nephews hanging out in their free time. It could be a…
Read MoreHow 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.”…
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