Credit Card Processing
How 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…
Read MoreWhy Would I Want to Accept Credit Cards at My Business?
When a customer is buying something, credit cards feel like the easiest option. Looking at it objectively though, they want three main things from a payment system: Security Speed Seamlessness The faster you can pass you customers through the cashier, the more people you can serve during your open hours, and the better for your…
Read MoreWant to Accept Credit Cards? Here’s How.
Whether you run a brick and mortar business or an online store, there is no getting away from accepting credit card payments. In a 2017 Federal Reserve Payments Study, credit cards showed the most accelerated growth rate among the various payment options that were studied. If you haven’t incorporated this method yet, then you run…
Read MoreAccept Credit Card Payments and Expand Your Business
Many people assume starting a business is the toughest part. Often, it turns out that growing past a plateau can feel even harder. You have to acquire a new set of customers or upsell to the ones you already have. Perhaps the easiest way to do that is to start accepting credit cards. This may…
Read MoreYour Small Business Should Accept Credit Cards. Here’s Why.
Today, credit and debit cards have become the most preferred and popular modes of paying for goods or services. What’s the Advantage of Card Payments for Consumers? Customers love their plastic. If your online or brick-n-mortar store offers a cash/check-only payment facility, a customer will rarely take the trouble of looking for a cash machine.…
Read MoreLet Your Business Grow by Accepting Credit Cards
It might seems counter-intuitive that changing your payment system will grow your business. After all, if customers intend to buy, they will, whether you charge them cash or check, right? On the surface, this might feel true. But in reality, academic studies show that, statistically speaking, we are more likely to make a purchase when…
Read MoreAccept Credit Card Payments to Expand Your Customer Base
The basics of business are to provide a product or service and receive profitable payments. And to ensure said profit, you have price your offerings higher than your expenses, while keeping them at a figure customers are willing to pay. Beyond that, you need to tell potential customers about your products / services, and encourage…
Read MoreShould my Small Business Accept Credit Card Payments from my Customers?
Motivational speakers say a lot of things that sound profound, but are just cleverly phrased bits of common sense. For example, ‘dress for the job you want, not the job you have’. It’s catchy, and memorable, but everyone knows different scenarios require different clothing choices. You’re unlikely to wear shorts and flip-flops to the office,…
Read MoreDoes my Business Need to be PCI Compliant?
The short answer is Yes! As a small business owner, PCI (Payment Card Industry) compliance may seem like just one more hurdle to be crossed and one more set of regulations to stick to, but it’s much more. Non-compliance doesn’t just attracts penalties and fines, it can seriously impact your brand, reputation and customer loyalty.…
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