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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?

Intuit is a credit card processor best known for its accounting software called QuickBooks. Those interested in finding out more about intuit merchant services fees should know that Intuit’s offer is considered one of the most expensive in the credit card processing industry.

As a business owner accepting credit cards or planning to start doing so, there are several noteworthy things you should know, and the role of an issuing bank or entity is definitely one of them. Those who are new to the often unfathomable world of credit cards might be confused by so many terms and services, which is why we decided to unveil this and many other misconceptions you might have stumbled upon.

In 2018, losses associated with card scams equaled $24.26 billion worldwide, and the businesses in the US are statistically most prone to fall victim to this type of felony. Even though it can’t always be prevented from happening, merchants can resort to an array of credit card fraud prevention methods that make it tougher for someone to pay with a stolen piece of plastic or take valuable information from your other customers. If you want to protect your business and faithful clients from financial loss, learn how to recognize suspicious activities and behavior, and utilize advanced technologies to keep your funds safe.

Around 81 percent of transactions are cashless today. If you’re in the hospitality industry and thinking about improving your business, you should learn more about restaurant credit card processing. It will better establish your business, boost sales, improve cash flow, and eliminate the risk of getting bad checks while providing affordable and acceptable rates.

Are you interested in starting and running a successful startup or any other kind of enterprise? If that is so, you should be aware of the most common mistakes business owners make and learn how to avoid them. We have prepared the list of the most prevalent misconceptions about managing an enterprise.