Merchants old and new usually have a one-track mind when it comes to their business, and that is to generate profit. One key component is to equip yourself with the capability to accept payments how, when and where your clients need. With the rapid expansion of...
Another difference between debit and credit cards are the perks they offer. While credit cards charge higher fees, they offer rewards unavailable to debit cards such as discounts, travel points, and even cashback.
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.
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.
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...
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.
While technology created the space that allows for seamless financial transactions between clients and merchants, it has also become a cause for abuse. It has provided another area of opportunity for potential criminals to leech on, most of which are fraudulent in...
Since late September, the financial services world was a bit shaken up when popular mobile payment company, Square Up (or simply known as Square), just hit its small business owner clients with an enormous price increase. Merchants, most of which with low volume...
On the first part of this blog series, we gave an overview of what cashbacks are and why credit card companies use it as a popular and preferred rewards program especially during the holidays when shopping activity is very high.For this part, we will talk about...
With the financial services market getting so thick and active, a lot of credit card companies and their partner retailers are scrambling to give out incentives to get more customers and retain their existing clientele. As shoppers, we have to pay more attention to...
ACH transfers, on the other hand, is also a safe and common method for receiving payments. However, unlike credit card payments, ACH payments must be accompanied by bank account, as well as the proper routing information so that the transfer of funds can be initiated.
We’d like to hear from you on how you prefer to make business purchases! Schedule an appointment with us for more tips and solution for your business. Call us at (800) 644-3909 or send us an email to [email protected]