Financial Services

Should I Still Accept Checks as a Payment Option?

Yes, accepting checks as a payment option is still a good idea for most businesses. You opened your merchant account so your business could accept payment by credit card. Without that ability, your business can’t stay competitive in today’s business environment. Accepting credit cards typically increases revenues from 50% up to 500%, so it’s a…

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Why ACH is Important

For larger amounts, some merchants or customers may prefer to transfer money from a bank account, rather than use a credit card or accept a check. This is where ACH comes in. It stands for Automated Clearing House, and it’s a secure interbank system for electronic money transfer. It can also be a convenient payment…

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Give Your Customers Different Options at the Checkout Counter

Watching a customer walk away from a full shopping cart at the checkout because you don’t offer the payment method that they prefer is incredibly frustrating for you and your customers. For customers, it’s annoying to spend time and effort choosing products and finding an outdated, lumbering, slow payment system at the checkout counter. And,…

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Wondering What an ACH Payment is?

ACH has touched your life in many ways and you may not have known it. With an ACH transfer, you don’t need to wait for that check in the mail, stand in line to pay your bills. You can easily receive payments from vendors and suppliers, and you don’t need to make a trip to…

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What Are Interchange Fees?

If you’ve heard the word “interchange” but haven’t been able to discover exactly what it is, then this article will help. Business owners may not have all the information that they need about all the aspects of credit card processing. They may feel bewildered about the jargon used by those in the business and may…

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What Is A Card-Not-Present Transaction?

Ordinarily, when you buy an item (or when a customer buys something from your store), you swipe a card through a POS terminal. With EMV cards, you have to stick the card in and pause a beat so the system can generate a one-time encryption code. It can take noticeably longer than swiping, but not…

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What 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…

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Need a Fast, Secure Method to Receive Payments?

If you are looking for a fast, secure method to receive payments from your customers that is easy and dependable, then credit card processing is your solution. Customers expect to pay with their credit card anywhere and everywhere they shop so, if you expect to compete for your share of the market, credit card payments…

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How 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…

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