Will Bitcoin and the Blockchain Affect Your Small Business? 4 Reasons It Might

Around 2010, a mysterious programmer (or group of programmers) known only by the pseudonym “Satoshi Nakamoto” invented what is now known as “Bitcoin.” This...

Factors That Determine the Transaction Fee Effective Rate

Transaction fees, also called effective rates or merchant fees, are fees that are charged to you by your payment processor on each transaction processed. The fee includes the bank interchange, the credit card association fees, and the processor fee. There are several factors that will determine your transaction fees:

3 Pros and Cons of Using Mobile POS Systems for Your Small Business

It seems that with every new store I visit, I notice it more and more often: Businesses replacing the traditional point-of-sale cash register with...

Avoiding Charge-Backs

A charge-back is a credit card processed sales transaction that occurs when your customer disputes the transaction or when you fail to follow proper credit card acceptance and authorization procedures. The result of a charge-back is a reversal of the transaction, the withdrawal of funds from your merchant account and a deposit of the funds back into your customer's account.

Business Categorization, Industry, Location, and the Impact on Merchant Rates

There are many factors that will determine what kind of fees you are charged by your processor. There are some factors that you can control, such as limiting charge-backs and fraud exposure, and others that you cannot, such as how you accept payments, your industry, and your physical business location.

The Real Costs of Accepting Credit Cards

While accepting credit cards helps your business bring in more revenue, it does come with a cost. Don't be shocked to find out after you start working with a merchant card processor that there are hidden fees.

The Future of Contactless Payments for Businesses and Consumers

During the last few years, the way we pay for everyday products has changed dramatically. After saying goodbye to the signature, the era of...

How to Make an International Wire Transfer

A Wire Transfer, also known as a Credit Transfer, is a type of electronic fund transfer from one individual or business to another. It...

How to Protect Your Business from Credit Card Fraud

Credit card fraud is a form of identity theft wherein an individual uses another person’s credit card information to charge purchases, or to withdraw...

What’s the Most Important Part of Cash Flow? Invoice Terms

Owning your own business provides a rewarding experience. As your own boss, you can set your hours and your priorities. You are also free...

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