Thinking of scaling up your business? If so, congratulations: you likely already have a solid customer base and some great products or services. However, taking your business to the next level involves using the help you can get. One powerful tool that can make a difference is embedded finance. Read on to learn how this works and why you need…
Does your business accept ACH payments? If so, the ACH network is critical to your processing system. It’s responsible for delivering social security benefits, direct deposits of payroll, and more. For the ACH network to function properly, it needs a governing body to ensure better risk management practices, efficient payments, and so on. This is where the National Automated Clearinghouse…
Most merchants accept the fact that payment processing comes with a cost. That said, when was the last time you took a closer look at your monthly invoice? If it’s been a while, you may discover that you’re significantly overpaying for this service. Payment processors can hide and inflate their fees in many ways, and not many merchants know what…
These days, being a good business owner requires a thorough understanding of credit card processing fees. If you’re not sure what’s the difference between flat rates and interchange plus rates, for example, there’s a decent chance you’re losing money on every transaction. Want to ensure you’ll maximize your savings on payment fees? Here’s what makes the above two pricing models…
Does your business process debit card transactions? If the answer is yes, you likely know that your debit card processing fees can differ based on your processing method. In most cases, the main difference comes down to whether you allow signature debit or PIN debit cards. Read on to learn more about signature vs. PIN debit and how they impact…
If you’re a retail business looking to accept card-present transactions, the very first thing you’ll need is a credit card machine. Though these devices tend to be fairly basic, there are still a few options you’ll need to consider if you want to find the right fit for your needs. Here are the three main factors that may influence your…
Read on to learn how they work, why your business needs one, and how to choose a payment gateway provider.