Credit card processing fees can do a real number on your monthly expenses as a small or mid-sized business owner. The more credit card transactions you run in a month, the higher those fees can go. And that’s just the straightforward fees. Some credit card processing services have a wide range of hidden fees they charge that add…
Payment processing can seem like a tricky thing for many merchants and business owners. For processors, payments are typically divided into two categories: Here, we’ll explore CNP transactions and what they mean for payment processors and for your business. What are CNP Transactions? For all intents and purposes, a CNP transaction is any transaction in which one of…
Fraud is a big problem for any business. But, there are things you can do to fight fraud and prevent it from becoming as large of a problem for your small business. How big of a problem is fraud? According to Intuit QuickBooks, fraud results in global revenue losses of nearly five percent of worldwide revenue,…
Small businesses need every ounce of possible advantages available. One of the biggest you might want to consider is an integrated payment system. With this type of system, payments are entered into your accounting software and automatically applied to your general ledger or credited to invoices. In other words, integrated payments allow you to integrate with the following:…
Bad credit is increasingly common in today’s marketplace. The prevalence of bad credit is part of the reason there are so many credit repair companies. IBIS World reports that there are more than 90,000 credit repair businesses operating in the U.S., creating a four billion dollar industry. What may surprise you, is that despite the huge…
Give your team the freedom to “roam about the cabin,” so to speak, by turning a mobile phone or tablet into a POS with the addition of a “dongle” credit card reader. Depending on your technology and equipment, you may even be able to skip the dongle all together and connect via bluetooth. While not…