Financial Services

How 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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What Are Interchange and Processor Fees?

Many businesses hesitate to open a merchant account and start processing credit card payments, because they are wary of the interchange and processor fees that may be involved. It also does not help that some merchant service providers can have a labyrinthine fee system that’s hard to understand. This short guide will explain the major…

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The Difference Between ACH and a Debit Card Transaction

The debit card has been an alternative to checks for quite some time. It offers an easy way of transferring money electronically, from either a checking and savings account, and, if it carries a credit card logo, then it can be used for payments anywhere that credit card is accepted. ACH works with direct debit…

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Key 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…

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What 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…

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What Was the “First Supper”?

The so-called “First Supper” was the first time a credit card was used to make a purchase.  It occurred on February 9, 1950 when Frank McNamara paid his dinner bill at Major’s Cabin Grill in New York City by using a cardboard card.  This card was the very first credit card, and it went on…

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Accepting Credit Cards Make it Easier for Your Customers

Customers can buy your goods or pay for your services using cash, checks, credits cards, bank transfers, or mobile payment systems. Of all those options, the credit card is still the most popular. It’s convenient and is less bulky than coins or paper currency. It also offers additional benefits to customers, which is another reason…

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How to Accept ACH Payments From Customers

When your customers are paying for your products or services, they have multiple payment avenues. They can pay in cash, check, credit card, or debit card. Lately, regular customers are opting to pay through ACH (Automatic Clearing House). This means the cash moves from their bank to yours via electronic transfer. It’s a cheaper method,…

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Why You Need ACH When Selling B2B (and B2C too)

ACH stands for Automated Clearing House and it is an electronic payment delivery system for individuals and businesses within the US. The ACH is typically linked to a merchant account, and a business will use it to send or receive money to and from a variety of accounts on a recurring basis. It is a…

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Three Easy Ways for Your Business to Give Back 

Often times in business, it can start to be all about the numbers, but sometimes it’s important to open up and give something back to the community that made it all possible. Whether you are self-employed, or a small business owner, the holiday season is the perfect time to make that connection with your community,…

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