Accept Credit and Debit Cards Online
Accepting card payments online can be a great boon for your business, especially if you operate in e-commerce. In fact, without debit and credit card payments, it’s exceedingly hard and inefficient to run an online business. However, some business owners are weary of the entire process, because it may seem complex or obscure. In this…
Read MoreHow Does a Merchant Account Work?
If a business wants to accept credit or debit card payments, they will need a merchant account. A merchant account is a specialized type of bank account that exists to hold the funds captured from credit and debit card sales. After a card is swiped for payment, the money is held in a merchant account…
Read MoreThe Benefits of Accepting Online Payments
As of 2018, over 50% of American consumers prefer to shop online. As innovations in technology increase, this figure is likely to rise even higher. Business analysts and advisers recommend that companies enhance their reach and sales by offering e-commerce platforms. As a consumer, it is easy to see the appeal of online shopping: it…
Read MorePCI Compliance
Attaining PCI compliance is an essential part of growing your online business. Without it, you open yourself up to fines, litigation, and data theft. The Payment Card Industry Data Security Standard (PCI DSS) was put forth by the five major credit card companies, and it is meant to reduce the number of costly and highly…
Read MoreDoes my Business Qualify for a Merchant Account?
Virtually every modern business needs a merchant account. It streamlines your payment options, combining your check, cash, card, ACH, and online payments into a single platform. And if you have on online store then a merchant account is practically mandatory, since it’s the only practical way to safely receive payments from your customers. However, a…
Read MoreHow Secure are ACH Payments?
To be reassured that ACH payments are secure, let’s first understand what they are. Automated Clearing House or ACH payments are payments made through a federally regulated electronic network used by financial institutions to send and receive financial transactions. An ACH processes large volumes of credit and debit transactions in batches, including direct deposits, payroll…
Read MoreACH Payments vs. Wire Transfers vs. EFT Payments
You may have heard the terms ACH, wire transfer and EFT, but are still unsure what they mean exactly, and how they differ from each other. In terms of straightforward definitions, you have the ACH which stands for Automatic Clearing House, and EFT which stands for Electronic Funds Transfer. To start off, we’re going to…
Read MoreWhat are ACH Payments and Should I Accept Them?
As a business, you may think you should accept whatever form of payment your customers prefer. After all, it ensures that you get paid, right? Well, in theory, yes. But in reality, you’re unlikely to accept a barter trade in the 21st century, so when a client suggests a method you haven’t tried before, you…
Read MoreTips for Safer Mobile Payments
The mobile phone has become a veritable technological Swiss army knife. Nowadays, smartphone owners can even use their device to make payments using Apple or Android Pay. The device stores payment information, and then it can be used for contactless payments at appropriate point-of-sale terminals. The payment information is encrypted, and it’s very hard for…
Read MoreHow to Make Payments Easier for Your Customers
When people first started exchanging goods and services, they used barter trade, which was a challenge. After all, how do you decide how many bags of salt or heads of cattle are equivalent to an hour’s use of your swimming pool? Once precious stones and metals became forms of exchange, it was easier to gauge,…
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