Credit Card Processing Blog

Although credit card processing is already one of the fastest ways for businesses to process payments, there are still bottlenecks that can come up. These bottlenecks can occur both offline and online. If you want to ensure that your customers are able to checkout as quickly as possible in any situation, be sure to put the following tips into action: Choose a Reliable Processor Any additional steps you take will be in vain if you don’t have a reliable credit card processor handling all of your transactions. A processor that’s plagued by downtime or other issues is going to have a negative impact on your business. If your current processor has had any issues that have shown it to be unreliable, we highly encourage you to look at our recently updated list of the best credit card processing companies. Utilize Multiple Terminals The first step you can take to speed up offline checkouts is to use multiple terminals in your store. Having more than one place where customers can checkout will keep lines to a minimum. Not making customers wait… Read more

There are more than 1.5 million tax-exempt organizations in the United States. In 2013, public charities reported over $1.74 trillion in total revenues and $1.63 trillion in total expenses. While there are a lot of nonprofits in the US raising a significant amount of money, that doesn’t mean it’s easy for nonprofits to secure the funds they need to accomplish all of their goals. In a survey about the challenges faced by nonprofits, 46% of respondents said their biggest hurdle was “finding the money to accomplish our mission.” That was followed by “other” at 21% and “getting the word out about us and what we do” at 17%. Since raising enough funds is a very real concern for so many nonprofits, it’s important for organizations to take advantage of all the opportunities that are available to them. The Importance of Accepting Donations Via Credit Cards One example of an opportunity that all nonprofits should take advantage of is accepting donations via credit cards. Statistics show that 78% of Americans carry less than $50 in cash at any given time. If… Read more

Ask a group of business owners what their biggest challenge is and chances are at least a few (if not the majority) will say cash flow. What’s interesting about this challenge is it ranges across countless industries. Whether a company is a B2B service provider or a clothing brand, having enough cash for everything from inventory to salaries can be a challenge. If a business has been around long enough, they may be able to get a bank loan to help ease their cash flow burden. However, unless a business has an existing relationship with a bank, getting loan approval can take longer than the business has to wait. And for newer businesses, bank loans are generally a long shot. Merchant cash advances fill the significant gap between the number of businesses that can benefit from a cash flow infusion and the lack of sources for getting this funding. The simplest way to think of a merchant cash advance is a business receives a lump sum of cash in exchange for a predetermined share of future sales. Since cash advances… Read more

From world summits to The Oscars, the environment is something that’s been at the forefront of countless conversations over the last year. Although environmental problems aren’t issues that can be solved overnight, it’s clear that more people than ever before are genuinely concerned about these topics. This concern has led to individuals seeking out ways to be less of a drain on the environment. For individuals who own a business, one very effective way to make this type of change is to transition to paperless billing and payments. The Full Impact of Paper Billing and Payments When a business sends out a check or prints a billing statement, it may not seem like those actions have much of an impact. If you think in terms of an environmental footprint, actions involving single pieces of paper seem quite minimal. However, the reason they actually have a bigger impact than it initially seems is any event involving paper starts a process that has more steps than most people realize. For example, if a business mails an invoice or check, this process also… Read more

If you’re in business or have been reading our blog for any amount of time, you’re probably well aware of the EMV standard. Since this is a topic we’ve covered many times and has been a requirement as of October 1st, 2015, you may be wondering why so many consumers are still swiping their cards when they checkout at a store. The way EMV works is instead of the swipe that’s been associated with credit and debit card payments for so long, a chip card is inserted into a payment terminal. Although inserting instead of swiping seems like a relatively minor change, the underlying technology has been shown to be highly effective at reducing POS fraud across the globe. The ability of cards that comply with the EMV standard to reduce fraud is why banks began shifting some of the liability for charges made with counterfeit cards to retailers with this change. So, the real question is does this standard represent a real shift or simply an empty threat with banks that want to minimize their liability? Yes, Both Businesses… Read more