Sharing thoughts, facts, ideas, and best practices for business owners of all kinds.
Credit Card
Partnership
Point of Sale
POS
Once you complete a sale and sign an agreement with a merchant, it’s often easy to just move onto the next one and focus on finding more of them to sign. Merchants you’ve signed tend to stay happy and complacent as long as their hardware and software are functioning properly…
Read ArticleCredit Card
Accept Payments Online
The ability to accept payments online is crucial for businesses these days. Where would the world of business be without this ability? Online payment services allow businesses and customers to conduct transactions and transfer money electronically. Accepting online payments is very popular for businesses, whether it is a small “mom…
Affinity
Affinity Programs
Affinity programs are partnerships. Partnerships you build between your company and a non-profit group or organization. You provide discounts, special rates or other perks and benefits to your partners. In exchange, they use your company’s product or service. Together, the members of this partnership make up an affinity group.
Gateway
Payment Gateway Services
There comes a time with every online business owner where you must decide who offers the best payment gateway services for your business. Meaning, which company will allow you to accept credit cards over an Internet connection, without the card present, with ease of use and low fees? And when…
Customer Loyalty
Customer Retention
There a big difference between getting people to come through the doors of your business and getting them to come back. Customer retention is paramount for the success of your business. It costs about six times more to acquire a new customer than to sell to an existing one. Retaining…
EMV
EMV Compliance
What is EMV compliance? Credit cards never looked as “smart” as they do lately. At least in the United States, where we are all accustomed to the traditional magnetic stripe cards we have used for years. There hasn’t been a major change to them in a long time. Credit cards…
EMV
EMV Credit Cards
Get used to the EMV credit cards because they’re gonna be here for a while. Financial institutions here in America are starting to catch up with the rest of the civilized world. They are currently transitioning all credit cards, financial institutions, businesses and card holders to a more secure chip…
Merchant Account
What is a Merchant Account?
A common question we hear is, “What is a merchant account?” A merchant account is a bank account for businesses which allows them to accept credit and debit card payments. The business accepts the cards and the bank handles and “settles” the transactions. You are the “Leader” of your business,…
Gateway
Best Payment Gateway
When it comes to determining the best payment gateway for your business, consistency and transparency are very important. As you are probably aware of by now, the pricing scheme for payment gateways can vary significantly from one service to the next. The best thing to look for is a…
Credit Card
Credit Card Merchant
What is a credit card merchant? It means a business is properly equipped to accept credit card payments. Thus, almost every business today is considered a credit card merchant. Nearly every person these days pays for their needs and wants using credit/debit cards, whether it be groceries, shopping for Christmas/Birthday…
Credit Card
Credit Card Services
Credit card services: every business needs them… every business that wants to accept money in exchange for goods or services, anyway. Credit card services are rendered to you as a business by a merchant service provider, a credit card company, or any other financial institution that gives your business the…
Customer Loyalty
Loyalty Cards
If you have been in business a while, and even if you haven’t, you may have come across loyalty cards or maybe have had customers inquire about your loyalty or rewards program. If you don’t have a loyalty card to offer them or a program they can join, you may…
Merchant Account
Merchant Service
Without the resources and solutions of a reliable merchant service, new businesses would be failing at an even more alarming rate than they already are. Considering 95% of most new businesses fail within the first 5 years (half of them not even making it more than 1 year) it is…
The world of payments is rapidly changing in front of our eyes. Massive consolidation is happening at a record pace, and this will inevitably impact your business as a merchant services agent.