Tag Archives accepting credit cards

Why Accepting Credit Cards Can Increase Your Profitability

If you’re a small business owner, specifically brick and mortar shops, you’re constantly on the lookout for ways to improve your bottom line. The easiest and most effective way to increase your profitability is to accept multiple forms of payments — specifically credit cards. I know you may have been hesitant to take all credit […]

Require a Minimum

One of the most common questions that merchants ask when selecting a credit card processor is if they’re allowed to require a minimum purchase on credit card payments. First and foremost, under the Durbin Amendment, which was a part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, businesses are allowed to impose a […]

What You Can Do About Tiered Pricing

Credit card processing fees are a necessary evil that are determined by a variety of factors. These factors are typically your industry, the type of transaction, the credit card types, and processing volume. These components are used to determine a tiered pricing model for a merchant account. While most processors offer different pricing models, the most […]

The Impact of Interchange Fees On Your Small Business

Accepting credit or debit cards is almost a give-in for businesses of all-sizes these days. After all, they’re convenient, flexible, and can improve your bottom line since plastic is the most popular payment method. The thing is, there’s a lot to consider before you just start swiping away. At the top of the list should […]

What Is Level 3 Payment Processing

If you’re selling a product or service directly to a customer then you’re operating a Business to Consumer (B2C) company. This means that when it comes to processing payments a Level 1 processing will suffice. But, what if you want to join the increasing amount of Business to Government (B2G) and Business to Business (B2B) […]

STATE OF THE CREDIT CARD PROCESSING INDUSTRY FOR 2017

Despite the rapidly evolving payment options that consumers have today, credit cards still remain the leading payment method. In fact, according to the 2016 U.S. Consumer Payment Study, this was the first time that “credit took over the top spot as the overall preferred way to pay, replacing debt as the number-one choice in years […]

HOW THE INTERNET OF THINGS WILL CHANGE CREDIT CARD ACCEPTANCE

When you think about the Internet of Things, you probably conjure up a futuristic world where you can preheat the oven when you leave the office, be notified when you’re out of eggs, and turn on the television to your favorite show when you pull into the drive from one convenient dashboard. The reality is […]

accepting credit cards 101

In a marketplace that is becoming increasingly competitive, accepting credit and debit cards is no longer a luxury for business owners. It’s a necessity. Credit and debit cards are so convenient, flexible, and popular among your customers that if you don’t accept plastic you may be losing out a sale. Additionally, accepting credit cards can […]

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