General

EMV Chip Cards Are Still Important EMV cards may be old-fashioned technology, yet they remain essential in terms of payment security. If you operate a business which supports payments made using credit card in person, then getting to know more about EMV technology will definitely minimize risks of frauds. The EMV card is a credit…

Is Your Payment System Holding Your Business Back? Since technology evolves rapidly, payment processing is not an exception. What worked for you a few years ago might now fail to satisfy both your business and client’s needs. If you use old hardware or outdated software, this may be causing you losses in terms of time,…

Your Payment Data Is More Valuable Than You Think All payments your company makes say something. Not just about your income but about customer tendencies and behavior, about market trends, and even about how well your company performs as a whole. However, most entrepreneurs see only the total amount of sales and do not use…

Cash Isn’t Always the Cheapest Payment Method Businesses tend to think that accepting cash payments is cheaper than accepting credit card payments because there are no transaction fees involved when the customer pays in cash. Although this may be true, there are other costs associated with handling cash that go unnoticed. These include the time,…

Faster Checkouts Create Happier Customers Nobody likes waiting in a long queue for a checkout. Whether you own a retail store, restaurant, beauty parlor or any other type of business, a slow checkout can be a major source of frustration for your customers and may result in loss of business too. Fortunately, fast checkouts do…

Not Every Business Needs the Same POS System The selection of the POS system involves much more than just taking credit card payments. The system that is right for you will help streamline operations, provide excellent customer service and offer insights on your business. Nevertheless, the system that will suit the retail shop won’t suit…

Don’t Let Common Payment Processing Myths Hurt Your Bottom Line Myths abound in the field of payment processing. Business owners often base critical decisions on out-of-date information and common misconceptions that they have received from friends, competitors, or salespeople. However, buying into these myths may cost you in the end. Learning about how payment processing…

Switching Payment Processors Doesn’t Have to Be Stressful There are plenty of good reasons that a company would choose to change their payment processors. Perhaps you are in need of better customer service, lower fees for processing, new technology, or even just something that your existing processor does not offer. Regardless of why, changing payment…

A Receipt Is More Than Proof of Purchase Now that it is common practice to make use of digital transactions, it is quite possible to believe that receipts are no longer important. Customers simply use their cards or phones, collect their purchase and do not pay any attention to the receipt at all. Yet, receipts…

Managing Payments Across Multiple Locations Doesn’t Have to Be Complicated With business expansion comes difficulties in managing payments from various locations. No matter if you own multiple retail shops, restaurant chains, clinics, service centers, or any other business entity, handling all payments can become very difficult when each location works on its own system. Having…

Why Payment Processors Sometimes Hold Funds Nothing is more frustrating for a business owner than to find out that his or her payment has been held back. Even though it might be scary, sometimes holding back your merchant account doesn’t necessarily mean you did anything wrong. The payment processing company controls the financial risks. Therefore,…

Choosing the Right Payment Equipment for Your Business The first question that will come up when you start configuring your payment processing is whether you will lease or purchase your credit card machine. Both alternatives will make it possible for you to accept credit cards as a means of payment but can turn out to…