According to Ipsos Consulting, 31% of small businesses charged a credit card fee to their customers in 2022. This was a notable increase from previous years, fueled by a behavioral shift among consumers who started increasingly relying on card payments over cash. Another factor behind charging credit card fees was the inflation eating into businesses’ profit margins. If you’re looking…
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…
As the adage says, very few things in life truly come for free. Even something called “no-fee” credit card processing has a cost attached to it, but the promise alone still gets the attention of merchants. If you’re not sure what that cost is, read on to learn more about no-fee processing, the legalities of this practice, and whether you…