Tailored Tips
Should You Still Be Accepting Checks?
Posted on: Thursday, July 11, 2019
According to historians, the first check was invented in ancient Rome, around 352 BC. It took a couple thousand years for the concept to really catch on, with checks enjoying their heyday during the 20th century.
» Read moreWill Facial Payment Tech Actually Work?
Posted on: Friday, May 31, 2019
Rather than entering a password, your smartphone recognizes you from a scan of your face that it took when you first used it. From there, many apps have integrated the facial recognition technology. Now, the idea of facial recognition technology is moving into the payments environment to increase security and convenience for consumers.
» Read moreMisconceptions In Credit Card Processing
Posted on: Monday, April 29, 2019
There are several common misconceptions in credit card processing that sales reps could potentially use to trick you into overpaying for their financial benefit. Below we detail the top four misconceptions that we have heard from our clients over the past few years.
» Read moreUnderstanding Your Rates and Fees
Posted on: Thursday, April 4, 2019
When discussing pricing with your merchant services provider, or when shopping around for better pricing, it's important to understand the differences in the rates and fees that you see listed on your monthly statement. Every credit card transaction has three cost components: interchange, assessments, and processor markup.
» Read moreLarge Ticket Credit Card Processing
Posted on: Tuesday, March 5, 2019
Often times B2B and B2G transactions are for high dollar amounts. With large ticket transactions, you will save more money with a lower percentage rate and a higher per-transaction fee because the per-transaction fee doesn’t flucuate like a percentage rate. Both Visa and MasterCard offer large ticket programs for high dollar transactions.
» Read moreLevel 3 Payment Processing for B2B Businesses
Posted on: Thursday, February 28, 2019
If your business is selling products or services to other businesses (B2B), or government agencies (B2G), then the ideal solution is having your merchant account set up for Level 2 and Level 3 payment processing.
» Read moreHow To Safely Accept Credit Card Payments Over The Phone
Posted on: Friday, February 8, 2019
There may be times when a customer wants to purchase an item or service from you by giving their credit card information over the phone. Allowing for this type of card-not-present transaction provides the buyer with their preferred way to pay, which can definitely be a plus for your business. However, before you accept telephone payments, you should know the risks they come with as well as how to mitigate them.
» Read moreProtect Yourself From These 6 Credit Card Fraud Schemes
Posted on: Monday, January 28, 2019
The global impact of credit card fraud is enormous, with businesses and banks losing over $21 billion annually. That amount is just from debit and credit card abuse. You also have to factor in malware, data breaches and identity theft — all of which take a huge financial toll on society:
» Read morePayment Trends That Could Takeoff In 2019
Posted on: Tuesday, January 8, 2019
Not so long ago, business owners were grappling with the decision of whether to accept debit and credit cards at their stores. That concern seems virtually archaic now. That’s because technology is moving forward at such a fast pace that businesses have no choice but to adapt and evolve if they want to succeed. Devices such as the mobile phone, as well as other customizable innovations, are turning shopping into an individually tailored experience for shoppers.
» Read moreHow To Protect Your Business From Gift Card Fraud
Posted on: Monday, November 12, 2018
Detecting gift card fraud can be tough. Fortunately, there are a number of telltale signs that make catching criminals in the act a little easier. Note that some of these steps may result in higher costs for you the merchant. That means you’ll need to decide whether fighting gift card fraud is worth the effort. But in most cases, the pros far outweigh the cons.
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