Running your own company comes with many responsibilities. It can be quite challenging, especially if you’re just starting your career as an entrepreneur and don’t know a lot about how everything works. Therefore, we curated a brief guide for all of you wondering how does a small business pay taxes.
As a business owner, you’ll have a ton of obligations and could potentially experience the unpleasant PCI non-compliance fee. Follow our article if you want to find out how to keep up with DSS standards and avoid unnecessary expenses and potential lawsuits risk.
Do you have an excellent idea to start a new money-making project? A good idea is already half a job done, but now you need to focus on that not-so-fun part of starting a job on your own. Luckily, our guide will show you all the different types of businesses that are out there, so you can pick the one that suits your idea the best.
Assessments are the way for card brands to earn money from transactions, and they get charged with every transaction as one of three components of cost. There are many fees included within that price, and one of them is the access fee. So, what is a Visa access fee? It might be small, but it’s an important part of assessments that go to brands such as Visa or Mastercard.
As a merchant, you’ve probably been wondering what are the advantages and disadvantages of credit card virtual terminals in comparison to the more traditional POS machines. This depends mainly on the type and size of your business. Although it sounds like a more contemporary and upgraded paying option, it is not always the best one. So, what kind of businesses could benefit from using them, and are they really necessary? Take a look at our guide to find out everything you should know about them.
Are you a business owner who is wondering what is merchant services and how they can help your venture grow? First things first, almost 70% of Americans have at least one credit card they use on an everyday level besides other methods of payment that don’t include cash. In other words, if you want your company to flourish and your customer pool to expand, you should consider introducing the option of cashless payments to your customers. And that’s exactly what merchant services will do for you, among other things.
As an entrepreneur looking to introduce cashless payments, there’s only a small chance that you still haven’t heard about the interchange-plus pricing model. But what does that exactly mean, and should you choose a payment processor that uses that model? We’ll explain all of that so you can figure out whether this model is the right one for your business or not.
No matter if you have been accepting plastics for a long time or you are starting now, there is a real risk of overpaying credit card processing. However, how can you really tell if you are paying too much? Have you reviewed your billing statement? Do you know what kind of charges to pay attention to?
It never hurts to know how much you can save.
