Let’s talk about what business folks hate: the cost of doing business. For many businesses, one of the biggest costs of doing business is the cost of taking payment cards. You’re pretty much forced to let customers pay with a card, but each payment costs you money to process. You… Read More »How Payment Processors Charge Merchants
Remember checks (or cheques)? They’re used less and less these days. There’s even a Saturday Night Live tutorial if you’ve forgotten how to write one or how to use them. But all kidding aside, checks are still a good way to pay for less time-sensitive items. And, for businesses in… Read More »How eCheck and Check Processing Work
Depending on your type of business, you might need wire transfers quite often or not at all. Wire transfers tend to involve a lot of money that must be sent on a certain date. If you run a retail business, most daily activities won’t require that. But if you’re a… Read More »How Wire Transfers Work, for Small Businesses
If you ask a random person whether they’ve heard of an ACH transfer, they’ll probably answer no. But if you ask if they’ve ever used paycheck direct deposit or paid a bill online from their bank account, they’ll probably say yes. The fact is, these are all ACH transactions going… Read More »How an ACH Transfer Works, for Small Businesses
Depending on which study you look at, debit cards are either the number one or number two preferred payment method of American consumers. So, as a small business, you’ll want to be able to take debit card payments. Fortunately, this is easy to set up. Most, if not all, payment… Read More »How Debit Card Processing Works, for Small Businesses
If you have an online or physical store, then dealing with refunds and returns are an everyday fact of life. In fact, if you sell online, up to 30% of such sales are returned. Not only do you have to deal with return shipping and restocking, you have to give… Read More »Trouble in Credit Card Processing Paradise: Refunds, Chargebacks, and the MATCH List
We’re becoming a cashless society. And, depending on which study you look at, people seem to prefer to pay with a credit card than with a debit card. As a business owner, this means you’ll have to take credit card payments just to survive. But taking credit card payments can… Read More »Easy Peasy Guide to How Credit Card Processing Works
More and more, customers prefer to pay with credit cards or debit cards. Whether you run an online store or a physical store, you’ll have to take payment cards just to survive. But what happens after a customer pays with a card or from their bank account? How does payment… Read More »How Credit Card and Other Payment Processing Work
You know QR codes, yes? Those little squares with patterns of dots and ink blots. You see them on packages, on flyers, on TV, and even at the grocery checkout. Lots of businesses seem to have them these days. Some QR codes even have a business’s logo in the middle.… Read More »Does Every Small Business Need a QR Code?
You know those barcodes that you swipe across a scanner at checkout to total up your purchase? If your business makes anything to wholesale to retail stores, you’re going to need one of those barcodes. Technically, they’re called UPC barcodes, UPC numbers, or UPC codes. We’ll tell you what they… Read More »How to Get a UPC Barcode for Your Product
