Payments and Collections
Are You Offering Your Customers Enough Payment Options?
“While credit card companies research and develop new anti-fraud measurements, alternative payment solutions providers are cashing in on the demand for online security and customer choice,” say the folks over at EcommerceTimes.
4 Critical Financial Activities for Business Survival and Growth
Every business has four areas that owners and managers must control to profitably survive and grow. Make sure you are tracking them and taking action when they are not trending the right way.
What Kind of Info Should Your Invoices Include?
If you own or manage a small business, invoices are essential to keeping your business running smoothly. By providing your customers an uncomplicated, concise invoice that spells out the products provided or services rendered, you will reduce confusion and head off any potential conflicts about your business transactions.
Tips to Avoid Credit Card Fees
Small businesses rely on credit card sales and payments to grow and move forward; however, many small business owners can feel the weight of high credit card processing fees pushing down on them, especially in lean economic times.
3 Tips for Never Missing Paying a Business Bill
While the need to always get your business bills paid on time seems like a no-brainer, it can be more difficult than you think unless you’ve got a system in place. The key to never missing a payment all comes down to organization.
Top 10 Advantages of Billing Clients Online
It is shocking to learn how many businesses are still manually creating their invoices and using outdated invoicing software programs. There are so many more efficient ways to generate invoices and keep tracking of your company’s financial information. In today’s competitive marketplace, businesses need to invest in better technology like online billing to save their company valuable time and money.
Understanding Alternatives to Typical Credit Card Merchants
Most of us have heard of eBay’s PayPal, but that was just the tip of the iceberg. Consider the trajectory of the corded phone attached to the wall to Bluetooth technology. The way we take credit cards online is traveling through the same kind of historical shift in a comparable way.
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.
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:
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