If you’re a small business owner, you likely have some passing resemblance with MOTO payments. These payments have been around for a while, and their original purpose was to serve as an alternative payment method for people who were unable to visit the physical store. Despite the rise in online shopping, MOTO payments remain in use today. Can your business…
In this digital age, accepting online payments safely should be a priority for any small business. Unfortunately, this isn’t the case, as evidenced by recent studies showing that 58% of customers fail to complete an online transaction due to security concerns. Since most small businesses are operating with lower margins, this can have a major effect on their bottom line.…
Every small business owner is always on the lookout for additional ways to save money and protect their business from fraud. One common strategy that can help you do that is to lower your credit card processing fees by utilizing level 2 and level 3 processing. If you’re not sure what these terms describe, read on to learn more about…
In July 2021, Colorado passed a new law that jettisoned its ban on credit card surcharges. Starting from July this year, merchants will be able to add fees to lease and sale transactions if the customer uses a credit or charge card. Contrary to popular opinion, though, the new law doesn’t create a free-for-all when it comes to surcharging. In…
Card-not-present (CNP) transactions are an essential part of daily operations for millions of business owners. If you’re unfamiliar with the term, a CNP transaction refers to any credit card transaction where you’re not physically processing the card in a reader or terminal. These transactions include anything from online purchases to recurring payments. The one downside of CNP transactions is that…