You’re Approved For a Merchant Account. Now What?
As a business owner, you’re probably familiar with merchant accounts. They allow your customers to pay you by credit card. Some payment processors also include the acceptance of cash, checks, ACH, and e-checks as part of their services. Some payment processors make it quite challenging to get your merchant account approved. They charge you an…
Read MoreDoes my Online Business Need an SSL Certificate?
You’ve opened a merchant account, started to process credit cards, and you’ve decided to take your business online. But when you’ve just commissioned a website, your developer brings up SSL. Confused at first, you decide that the extra cost may not be worth it. However, SSL can be a very important component of an online…
Read MoreWhat To Expect When You Apply For a Merchant Account
Here’s What To Expect When You Apply For a Merchant Account If you’ve decided to tap into the credit card market, you’re probably ready to open your first merchant account. However, you’re not sure of the process or what to expect. You might be wondering about the required paperwork and the duration of the process.…
Read MoreAssuring Customers Their Payment Account Data is Secure
Allowing your customers to pay you via credit card is a great way to boost sales. However, your customers may not give you access to their credit cards if they are unsure that their personal details are safe on your online store. Get an SSL certificate The most basic form on web security is the…
Read MoreKey Benefits to Payment Processing Integration
The average business receives payments through multiple methods. You might receive cash at the cash register, checks in the mail, and cards online. Chances are you run all three systems separately, so you have one dossier for cash, one folder for checks, and a bank statement for credit card transactions. Fortunately, if you have the…
Read MoreWhat are all the Costs of Accepting Credit Card Payments?
Credit card fees have an almost labyrinthine nature, with many business owners having a hard time with understanding where they start and where they end. However, this does not mean that they are completely obscure. After all, businesses that process credit cards pay them regularly. The important thing to remember is that the fees typically…
Read MoreHow to Collect Payments Online with a Payment Gateway
A payment gateway is used to validate the credit card details of a customer in a secure manner. It is often considered the equivalent of a point of sale terminal in a brick and mortar store. The gateway will pass the customer’s financial information to the merchant’s bank. It will then confirm that the charge…
Read MoreWhat Are Integrated Payment Solutions?
An integrated payment solution (IPS) is a business tool that combines payment processing with customer relationship management, accounting, and other business methods. With an integrated payment solution, you can streamline many of your business processes, and help your bottom line. The benefits of an integrated payment solution Generating a healthy inbound cash flow takes more…
Read MoreThe Benefits of Accepting Credit Card Payments
Today almost 60% of US consumers prefer to use credit cards for their payments instead of cash, according to the Federal Reserve. However, despite this, around 55% of US small businesses do not accept credit cards. The question is why? Even though processing credit cards has a lot of obvious benefits, business owners can be…
Read MoreHow to Begin Credit Card Processing for Small Businesses
Beginning with the introduction of the first credit card in 1950, shopping became more convenient and cash started to decline in popularity. Of course, in those early days, the credit card system was fairly rudimentary, but today, thanks to many technological advancements in finance, electrical engineering, and the digital space, credit cards have become ubiquitous.…
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