Credit Card Processing Blog

Earlier this year, we reviewed why nonprofits should accept donations via credit cards. Given that 78 percent of Americans carry less than $50 in cash at any given time, nonprofits that rely on cash donations are missing out on a huge opportunity, both online and offline. A recent shake-up in politics has unexpectedly impacted the number of donations made to nonprofits around the country. The American Civil Liberties Union received $7.2 million in donations over the course of just five days. By comparison, they only received $27,806 during the same period in 2012. Other nonprofits that have reported huge surges in donations include Planned Parenthood, The Trevor Project, ProPublica and International Refugee Assistance Project. Between the donation momentum created by this year’s election and the increased giving that almost always occurs during the holiday season, we want to use this opportunity to highlight five different ways any nonprofit can increase the number and size of donations they receive online. Take a look and consider what changes you can make to help boost the number of online donations you receive. 1. Create Descriptive… Read more

In the not-too-distant past, there were only a handful of payment processing options for most businesses. However, technology growth and other factors have helped bring far more providers into this space. Not only are there more options than ever, but single niche processors have even sprung up, furthering competition in specialized payment processing areas. While competition is a good thing for businesses who want to get a great deal on reliable payment processing, it can also make it challenging to wade through all the options and find the right processor for your specific needs. Since we’ve spoken to a variety of businesses who feel overwhelmed by having to make this decision, we want to shed some light on the processing features that matter most. Once you know exactly where to focus your attention, you’ll have a much easier time narrowing down your list and ultimately finding the processor who’s going to best support your business. Key Processing Features 1. Security and Fees If you can’t count on a provider to help you securely process transactions, nothing else is going to matter. That’s… Read more

Whether you’re a service provider, supplier, or operate in another B2B space, there’s a good chance that invoices play a significant role in your operations. Although there may be times when invoices feel like the least efficient way to get paid, chances are they still aren’t going to go away anytime soon. While there may be times when you envy B2C companies that are able to instantly process credit card transactions through their website or in person any time they make a sale, the good news is there are steps you can take to maximize the efficiency of your invoicing process. To help you spot any areas of improvement in your process, we want to cover six common invoicing mistakes, along with what you can do to avoid or remedy them. Avoid These 6 Invoicing Mistakes 1. Failing to Define Payment Terms A mistake new businesses commonly make is sending an invoice and assuming they’ll get paid shortly after. This assumption often results in businesses sending invoices without defined payment terms. Without setting these terms, there’s no way to know… Read more

Because there are still a few weeks until the holidays, Americans still have lots of shopping to do. But since we’re now past the busiest days of the shopping season, we thought it would be interesting to look at how they went. What shoppers do on Thanksgiving, Black Friday and Cyber Monday are not only huge indicators of marketplace trends, but it has great implications for B2C business of all sizes. Let's take a look at what shoppers did and what exactly that means for your business. Lots of Shopping on Thanksgiving & Black Friday, Plus a Huge Cyber Monday In today’s mobile world, it’s easy to forget that it wasn’t very long ago when getting online required more than simply reaching in your pocket and pulling out your phone. Cyber Monday traces back to 2005, when people would shop stores over the weekend and then finish online by taking advantage of faster Internet connections at work. While Cyber Monday continues to be a major shopping day, just about everyone had their phones with them on Thanksgiving Day. So it shouldn’t come… Read more

Ever heard of Alibaba? If you haven't, you're not alone. Even though it’s a company with a market cap of over $200 billion, many people in the United States aren’t all that familiar with Alibaba. Business owners may know about the company’s main domain, which connects manufacturers, suppliers, buyers and wholesalers. While that site alone has revolutionized how global businesses interact with each other, Alibaba Group has over two dozen other companies and affiliated entities, ranging from Taobao (China's largest consumer-to-consumer online shopping platform) to Tmall (one of the top ten most visited websites in China.) Because Alibaba is such an ecommerce juggernaut, mostly based around online transactions, payment technology is a key area of focus for the company. They've done some very interesting things in this space over the last few years, including technologies we’ve discussed in the west, but have yet to replicate. 1. Alipay Alipay is Alibaba’s payment platform. This is where the company focuses much of its energy, which is why it makes sense to provide an overview of the platform’s history. Launched back in 2004, Alipay doesn’t… Read more