10 Things to Check Before You Pick a Payment Processor
Most business owners pick a payment processor by comparing two rates and going with the lower one. A year later they are paying more than they were before, they cannot get a person on the phone when a deposit is late, and nobody can explain what changed. That is not a mistake you made. The […]
What Is a High-Risk Merchant Account? (And Why “High Risk” Doesn’t Mean You Did Something Wrong)
If a payment processor just told you your business is high risk, take a breath. You didn’t do anything wrong. I’m Julie Franke, a Certified Payments Professional, and I’ve spent the last 10 years with businesses that have gotten that label. Some of the best businesses I know are high risk. Coaches. Course creators. Subscription […]
Conducting An Audit of Your Payment Systems
Taking payments always seems like it would be straight forward and easy. You have a product and your customer hands over cash for that product. That should be the end. More than half of sales have payments in the form of a credit or debit card. Those are digital transfers of money. As you may […]
3 Steps to Finding the Right Merchant Processing Account
Your incoming payments are your biggest asset (hopefully) and most payments today come in by credit card. Over 50% of payments received were by credit and debit card, according 2019 data report from the Federal Reserve Bank of San Francisco. Smart business owners know the 3 steps to finding the right merchant account and making […]
5 Pitfalls to Avoid When Looking for Credit Card Processing
There are so many things to think about when owning a business. Payments are the most important part of a business and payment systems are often overlooked. Accepting payments is how your business will stay in business and should not be set up as if you are setting up a utility. Payments systems should be […]
Is A High Risk Merchant Account Right For Your Business?
In today’s increasingly cashless society, businesses must have the capability to process credit and debit card payments to serve their customers. However, many businesses in industries deemed as “high risk”, by banks and other entities offering credit card processing accounts, struggle to obtain service. By understanding why businesses are considered high risk and how accounts […]
Additional Reporting and Reconciliation tools Merchant Connect Reporting
MerchantConnect, a web-based real-time reporting service, provides the streamlined, and secure reporting you need. You can quickly and easily access payment information, while protecting cardholder and account data. MerchantConnect brings together all the information necessary to better manage electronic payment processing activity. Information That’s Right on the Money No matter what your practice or how […]
Can My Business Line up a Merchant Account With Bad Credit?
For the small business owner who has either done without credit cards for his or her customers or is about to open a new business, having that option in play for consumers is important. As more and more shoppers look to get by in today’s challenging economy, having the credit card option available is important […]
Training Turns Tactical In Payments Biz
As the payments industry transitions from basic payment terminals to smart POS systems that can manage entire business infrastructures in an integrated fashion, the learning curve for merchants and the agents who serve them has steepened significantly. To address the added complexities, leading-edge payment companies are adopting layered training strategies that tap into individual learning […]
Real-time Communication And Flexible Checkout Can Cut Abandonment
Despite more than a decade of buzz around cart abandonment, there is still more than $4 trillion worth of merchandise being abandoned today. That’s more than the GDP of every country outside of the U.S. and China. And the real kicker, your program is recovering 3% of your contribution to this number at best. Don’t […]