What Are Credit Risks for a Business?
Owning a business is a risky situation. Not only do you have to manage your own business finances, but you have to be aware of entering into risky business situations with customers who are credit risks. Bradstreet, a company that manages over 140 million credit records for businesses, says that business owners can take a […]
How to Protect Your Business and Win at Chargebacks
Chargebacks can have big financial consequences for merchants. In fact, penalties and fees are often charged by banks and card companies in order to persuade merchants to limit their chargeback frequency. And while a merchant who has a chargeback rate of greater than 1% of transactions can seem risky to banks, chargebacks are simply a […]
Mobile Payment Trends to Watch out for in 2017
The latest advancements in mobile technology led to the introduction of convenient services, such as mobile payment systems. Smartphones have gone beyond the call of duty, as businesses and banks are now leveraging the Internet of Things (IoT) to expand their reach and offer a fast and convenient service to consumers. By 2020, mobile payment […]
Best POS Systems 2017
Your POS system is the lifeline of your operations. But choosing a POS system can quickly become overwhelming. So we did the leg work for you to help you find the right POS system for your business. From traditional POS systems (POS stands for point of sale, by the way) to iPad POS systems, we […]
How Our Virtual Terminal Can Change Your Life
A virtual terminal is an online payment processing platform that operates as a link between your computer and the processing-powers-that-be. With our cloud-based system, you can operate your business from anywhere, and you gain all of the operating functionality that would come with any other dedicated terminal. This means you can cut out the costs […]
Do You Really Need a Merchant Account?
The Statistics According to the U.S. Census Bureau, there will be a projected 181 million credit card holders living in the country this year. That’s over half the population. I could get into even more detail about the numbers, but it’s pretty obvious that if you don’t allow your customers to pay with credit cards, […]
What is a Virtual Merchant?
A virtual merchant is a website that sells goods and services to the public via online transactions with debit and credit card processing. The end result is a fully online experience where consumers can virtually visit a store to browse goods, purchase them fully online and receive them in the mail several days later, all […]
4 Things Businesses Should Take More Seriously When Accepting Payment Online
Here are some stats that might surprise you. 85% of Malaysians seek out e-commerce services on a daily basis. More than 38.2 million online transactions were processed last year compared to 14.6 million transactions in 2015. Malaysia has the highest penetration of online shoppers in Southeast Asia (67%). It’s clear that e-commerce is a giant […]
Four Ways in-Branch Banking Tech Will Uplift Customer Experience
We are currently watching an influx of new challenger banks into the UK market. A good part of the reason is down to changing customer preferences for online banking’s speed and convenience. For sure, when it comes to customer satisfaction levels, they’re surpassing their High Street counterparts, even after adjusting for a level of continuing […]
How ACH Payments Work
ACH payments are electronic payments made through the Automated Clearing House (ACH) Network. They are a popular alternative to paper checks and credit card payments because of the benefits to merchants and consumers: everybody involved gets to save a little money and automate payments (which means fewer errors and less hassle). If you’re thinking of […]
