Do you want to improve your business and manage sales, employees, and inventory with ease? A POS system allows business owners to track cash flow, access detailed sales reports, and accept cashless payments. But, is a free POS system really the right solution for your enterprise?
Almost 60% of Americans believe that the US will soon become a cashless nation, while 40% already use plastic to purchase goods and services. In other words, if you want to grow your enterprise, you will have to accept card payments, which means you will have to pay interchange fees to your bank. But you may ask now, what are those fees in the first place?
If you are wondering what is the best way to keep track of your business’s growth, consider establishing the habit of reviewing your merchant statement in detail. For many, to read and understand a monthly report may seem a bit complicated. However, there are ways to break the barriers. With a few simple steps, you can learn how to properly read the monthly report and be sure that the chosen processor is the best solution for your business.
When it comes to credit card processing, some types of merchants need a specific processor service. This is called a high-risk merchant account. These are accounts that banks consider a high-risk type, like the ones that are prone to chargebacks or the ones that involve selling restricted products. What other businesses fall under this category, and does your enterprise need such a merchant service? Let’s find out.
No one can deny that the world of commerce is rapidly changing. Though there are still those that are holding on to paying with cash, more and more consumers opt to make payments with a credit card. Among the services that make these transactions even more convenient for consumers, Apple Pay certainly stands out from the crowd. Here’s a quick introduction to the revolutionary service that can require nothing more than an iPhone, iPad, or iWatch.
Have you decided to start accepting Visa credit cards? Introducing cashless payment options can bring all kinds of benefits to merchants. However, before you begin accepting cards as a form of payment, you should be familiar with what you pay for this service. Among others, an acquirer processor fee will appear on your monthly statement. But would you even be able to spot it there? And what is it, to start with? We want to provide you with some answers.
Being a business owner comes with a wide range of challenges and important decisions to make. Now, you’ve come to the point where you need to choose the right payment gateway option for your business. But you don’t know how to make this choice. There are several solutions worth considering, but how are you supposed to know which one is the best for you if you’re not a payment processing expert? Don’t worry – we are here to help you out.
Did you know that there are more than 14.4 billion credit cards in the world and about 160 million consumers in the US with at least one? Apart from drawing new potential clients, applying for a merchant account will give your existing customers another way to pay for your services, thus giving your enterprise an edge over the competition. Figure out the fees, rates, and penalties, find a reliable processor, gather all the necessary information, and the application process will go smoothly.
It never hurts to know how much you can save.
