Implementing an authorization hold on credit card transactions is regarded as a simple and safe way to minimize the overall costs while preventing unnecessary complications -like re-authorizing a transaction or providing funds. Authorization holds on credit card transactions also help in protecting you from potential fraud while preventing chargebacks at the same time. The utilization…
As we think about credit card transactions, common concepts like fraud or theft come into our minds. Through data breaches or even purchasing items online with the stolen credit card number, there are several ways cyber criminals can alter the use of your credit cards. Moreover, credit card fraudsters are increasingly looking for new ways…
Nowadays, an increasing number of customers prefer using credit cards to process payments. This is because it delivers high-end convenience and is more secure than cash. Retailers accepting credit card payments and online payments are expected to pay a specific fee for different transactions. This is referred to as the payment processing or credit card…
Have you just started growing your business? Are you tired of handling paper-based invoices and mail to collect payments? As a small business owner, you might consider opening a merchant account to start accepting credit cards for different transactions. The advent of the global pandemic has significantly changed the manner in which consumers and businesses…
When you run a small business, the multiple types of fees associated with the hardware, software as well as fees for accepting card-based payments can be overwhelming. As a matter of fact, you might not even know the exact amount that you are being charged by your payment processor or the issuing bank. Consumers nowadays…
Most issuers of business credit cards ask for your SSN or Social Security Number during the application process. This also implies that when you apply for a business credit card, it will lead to in-depth inquiry on your overall personal credit report. In some cases, you might not want this to happen. Thankfully, if you…
As we consider different types of business transactions, we typically think about debit cards, credit cards, cash, and so on as the most common modes of payment. Most large-scale enterprises go ahead with accepting all types of credit cards and most of the time pay considerable amounts in the form of processing fees. However, for…
Organizations worldwide increasingly depend on automated payroll software solutions to effectively process employee payrolls rather than doing the entire task manually or by hand. A reliable payroll software solution is capable of automating as well as speeding up the entire process of ensuring payments to workers. At the same time, a feature-rich payroll software solution…
Retailers make use of comprehensive POS or Point of Sale systems to process transactions, track sales history, and even track inventory. Upon correct implementation, the POS systems are capable of helping retailers increase revenue, drive maximum customer loyalty, and achieve dedicated business goals. A POS system serves to be a crucial element of running any…
Funding a startup can be challenging. Most lenders would like to go through your financial statements, business tax returns, annual turnover, collateral, and other types of financial aspects that you are still expected to build up at par. The overall challenge becomes even more significant for startups having bad credit. Thankfully, there is the presence…