Paying with plastic instead of cash is convenient for the customers in stores. On the Internet, there’s no other option. For the merchants, however, that often means calculating credit and debit card fees and expenses. Here’s a short guide on those expenses.
For all merchants whose business relies on credit card payments and eCommerce, data security during processing is of utmost importance. PCI compliance fee can be the best help in achieving that goal. It is worth learning more about it, though, since its usefulness depends on the sincerity and intentions of your processor.
The point of sale system is something that a modern business can’t be run without. Although it has enhanced the way transactions occur, there are still plenty of small businesses that don’t use it. Implementing new technologies is a significant change, and a lot of retailers are afraid of the unknown. Questions such as what is POS fee and how many of them are there are essential, but they shouldn’t stop you from improving your business. So let’s try to answer those questions and clear out all doubts.
With more than one billion credit cards used in the US, enabling this payment option to your customers is a great way to boost sales and grow your enterprise. However, with the increase of data breaches, merchants are more than ever obliged to protect cardholders’ information. When you understand what does PCI mean and how it affects your business, becoming compliant will be the only right choice.
Things were once simple for the merchants and sellers. Then the Internet disrupted the market beyond recognition, and it will continue to shape the world of commerce in the foreseeable future. All of a sudden, understanding of online sales tax rules became a must for all sellers who wished to make gains in that arena. We collected the essential information for you.
Any company that seriously wants to compete in today’s market has to enable its customers to pay with credit cards for their goods or services. Even more, it should provide an opportunity for payments to be made from mobile phones via specially designed readers. One giant has dominated that market for a while, but the search for Square alternatives is well underway. There are many companies and services that want to secure their niche, and we’ll present you with our picks. But let’s start from the beginning.
PayPal might be the most popular and preferred service for digital payments, but with so many new providers popping out, is it time to explore and see if there might be something better out there? How many of you would consider using some of the PayPal alternatives? People are more sensitive when it comes to money, and business owners especially don’t want to risk being scammed. That is why we decided to do all the research and find out which platforms can stand the test and become praiseworthy alternatives for the famous PYPL.
OptBlue program can be a good way for smaller enterprises to reduce the costs of processing American Express credit cards. It’s a pricing model for the Amex merchant account that can provide potential benefits to small businesses that take in less than $1 million in volume. If your business accepts Amex cards, or you plan to start doing so, you should understand how this program can be helpful to you, and how it can even hurt your bottom line if you choose the wrong processor.
It never hurts to know how much you can save.
