Small company owners may use the most flexible, user-friendly, fully featured accounting software programs available with QuickBooks Online. It is also very scalable, as it offers four plans for small businesses and one specifically for freelancers working for themselves. If your company expands, QuickBooks is prepared to expand along with it. So, continue reading our…
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…
EBT stands for Electronic Benefit Transfer, which is a method of transferring government benefits from one account to another. EBT payment processing is the system through which these benefits are transferred. It typically involves a card or other device that can be used to access the funds in the recipient’s account. The way EBT payment…
Mobile payment processing is the ability to make payments with a mobile device, such as a smartphone or tablet. This can be done with a dedicated app, through a website, or even by using text messages. In order for this to work, you need to have a credit or debit card that is linked to…
A merchant identification number (MID) is a unique number assigned to a merchant by a card-issuing bank or network. The MID is used to identify the merchant to the card-issuing bank and the card-processing network. The MID also may be used by the merchant to track sales activity and payments. For example, a MID may…
A payment processing system is a computer system for processing payments from one party to another. In the context of e-commerce, it is the process by which a customer’s credit card or bank account is charged for the purchase of goods or services. The payment processing system will often authorize or decline the purchase based…
When you’re ready to start taking payments from your customers, you need to set up a merchant account. This is a special bank account that’s used to hold and process payments. Here’s a step-by-step guide for setting up a merchant account: 1. Choose a Payment Processor The first step is to choose a payment processor.…
Whether your business is in manufacturing, retail, or almost anything else, you’ve more than likely been enlisting the services of a B2B company, and as with most all things in life, there are many great ways to improve your B2B processing. These are the four tips we consider most important. Use Mobile Apps to Your…
So your customers want to pay with credit and debit cards, but you don’t have a merchant account. Make the shopping experience much easier for them. Get a merchant account and totally change the way that you do business. A merchant account is a business bank account used to accept different types of customer payments.…
To put it simply, the Cash Discount Program is an option for retailers to be able to reduce their current merchant services fees without having to increase overall rates. It’s essentially a way to adopt a fee for customers to cover these expenses while also providing a discount to the customers choosing to use cash.…