Business

The Future of Merchant Services: What to Expect in 2020

The Future of Merchant Services: What to Expect in 2020

When we talk of merchant services, we refer to a range of financial services for business: the acceptance and processing of electronic payments; the behind-the-scenes process that allows merchants to accept payments; the service providers merchants work with; and the hardware and software needed to run the entire process.

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Income Taxation 101: All About IRS Form 1099 K

Income Taxation 101: All About IRS Form 1099 K

Form 1099-K is used to report income generated from Payment Card and Third Party Network Transactions. This was created under the 2008 Housing Assistance Tax Act to help ensure that businesses, particularly online retailers, are accurately reporting their income for tax purposes.

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All You Need to Know About PCI Compliance

All You Need to Know About PCI Compliance

PCI-compliance is a vital step towards your business success, and that is why you should complete the SAQs and AOCs before the year ends. You do not only hold proof that you are PCI-compliant but you also avoid paying non-compliance fees from merchant account providers by being non-compliant. You can be charged up to $40 per month if you are non-compliant.

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Top 7 Things to Look for in Choosing a Payment Processor

Top 7 Things to Look for in Choosing a Payment Processor

Any business owner or merchant would always look at their return on investment or ROI as their main measure of success, and one of the fool-proof ways to secure their ROIs is to make sure that money keeps pouring into the business from all directions.   This is...

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Top 4 Benefits of Having a Great Payment Processor

Top 4 Benefits of Having a Great Payment Processor

Payment processors are companies, usually third-party, that handle payment transactions between the merchant and customer by relaying payment information from the customer to the merchant’s bank account. They enable merchants to receive debit or credit card payments online by providing a connection to an acquiring bank.

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