For a major part of the previous century, when a customer would like to purchase an item on credit from any store, they primarily had two alternatives. The first was placing the purchase on the credit card. The second was making use of a layaway program -allowing them to reserve a particular item at the…
DetailsWhether it is about chasing your payment through an invoice or requesting some deposit, ensuring payments over the phone (a type of CNP or Card Not Present transaction) will help in saving ample time. People will always be busy. However, it should not stop you from moving things faster -especially in terms of payments. While…
DetailsThe days when businesses could survive being cash-only establishments are long gone. Now, customers have replaced the bundles of cash in their wallets with several credit cards. According to a 2020 study conducted by Federal Reserve, almost 27% of U.S consumers prefer to use their credit cards for making online or offline purchases. Therefore, if…
DetailsProcessing credit cards is not a cheap process. However, it might not be as expensive as most business owners might think. If you are thinking about what to do when the credit card processor might raise your rate, then there are some proven solutions that can help you out. There is no denying the fact…
DetailsBusiness owners can find it challenging to deal with problems that might be out of their control. Credit card processing outages are one such problem that fall into the category of such issues. It could even turn a normal day for a business owner into a stressful one. Effective customer service and maximum efficiency are…
DetailsWhen you are accepting credit card payments, chargebacks are unavoidable. They are also significantly time-consuming to dispute. At the same time, they are quite expensive to be ignored. In some cases, they might cost as much as $20 to $100 in total fees for every transaction. When you receive multiple chargeback complaints, your business will…
DetailsAs a small business owner, you understand the importance of having a credit card to help you manage expenses and build credit for your business. However, in the past, the process of obtaining a business credit card has been challenging for some, as many traditional credit card companies require a personal guarantee or personal credit…
DetailsWith the rise of mobile-based payments and online donations, there is no denying the fact that nonprofit organizations are searching for innovative ways to expand the respective payment options. Venmo -a leading peer-to-peer payment service app, is a famous option that will grow the overall trend. Venmo serves to be a convenient and simple way…
DetailsPayment links are the simplest ways to ensure the acceptance of payments in whatever mode you might conduct business -whether on social media, in person, text communication, or through email with the end customers. Therefore, it is imperative for you to understand how to use payment links for your business. What are Payment Links? A…
DetailsRecently, Amazon announced that it is extending an all-new mechanism for third-party sellers to get access to individual funding for growing as well as scaling the businesses on the platform. Amazon unveiled its Amazon Merchant Cash Advance Program that will not require personal guarantees and credit checks. To top it all, you can look forward…
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