Echeck And Merchant Services Providers

Keeping a steady cash flow is a major worry for small-business owners. Here are our picks for processing credit card payments most efficiently. You've worked hard to build your business, and now it's time to get paid. But keeping a steady cash flow is often the number one worry for small business owners. So we've stepped in to help, researching credit card processing solutions that get you your funds most efficiently. "Far too many business owners take the path of least resistance, and use their bank's credit card processing service," says Kwame A. Michel, an Atlanta-based accountant who specializes in working with small business clients. "But banks charge high  credit card processing fees and rarely offer the best deals." And the market is crowded with credit card processing companies, all of whom make ambitious claims about their pricing, flexibility, customer service, equipment offerings, and mobile credit card processing capabilities....

If you’re serious about opening—or have already opened—a retail store, you’ve come across at least one merchant service provider (MSP). These are the gatekeepers between customers’ credit and debit cards and your cash register. As such, the relationship between you and your MSP is a critical one because: They allow you to accept credit and debit cards They help you meet and maintain security standards That’s why we’re explaining exactly who these gatekeepers are, and how you and your business fit into this relationship.   What Is a Merchant Service Provider? The central authority on all things payment-related across the globe is the Payment Card Industry (PCI). They set the standards and best practices that merchants, service providers, banks and card issuers must abide by. According to the PCI, merchants are defined as: “…any entity that accepts payment cards bearing the logos of any of the five members of PCI SSC (American Express, Discover, JCB, Ma...

Having a merchant service provider is immensely great when it comes to the benefits part. Any business with a website or planning to have one must reap the perks merchant accounts provide. Needless to say, to accept credit card payments and other online payments, possessing a merchant account is definitely required. In today’s time where competition has grown more than anything, e-commerce businesses can’t even think about survival if they don’t have access to merchant services. This is because customers all around the world are fond of paying through credit and debit cards. Below are outlined the major advantages of professional merchant account providers: Easy payment processing: Most of the credit card payments are easy as well as fast. Moreover, possibilities of chargebacks and frauds also reduce. Secure payment gateway: High risk industries have things complicated for them and things with acquiring banks that partner with them are also not easy. Ski...

If you have drifted towards merchant services to manage your cash flow, attract more customers, boost the sales, stay in business 24/7, avoid bad checks and accept payments through credit card processing, you must be familiar with the deadly term, ‘chargeback.’ Though it shows its wrath mostly to the high risk businesses, low and medium risk businesses are also under the spotlight if not careful towards the actions. Even if you have a reliable merchant service provider as your backbone, you must keep yourself updated with chargebacks. What is a Chargeback ? Chargebacks were created with an aim to protect the customers from frauds & scams. They take place when a disappointed user disputes a particular charge to his/her account. If chargeback is issued for a card that’s either lost or stolen, it is the bank that issues the reversal of funds. Having said that, it is the business that is held responsible for the entire cost of the chargeback. In case the business is not EM...

In the age of Artificial Intelligence, you can’t expect growth if confined to old methodologies. Feeding customers the same food bores them at a certain point and they look for someone else satisfy their hunger. In other words, when a small business does not adapt itself according to expectations of customers, it loses them to the hands of its competitors. As a result, customer base shrinks and so does the revenue and sales. No matter a business is offline or online, it has to work the way its consumers want it to. Invention of credit and debit cards have made shoppers fall in love for them, as they simplify life, something very important in today’s hectic routine. Cash payment has been replaced with credit card processing because keeping a card seems easy & convenient than keeping physical money. Whether its online shopping or offline, customers’ user credit cards to pay the bill and when this option isn’t provided, they make sure not returning to the particular business ...

This is widely accepted fact by all kinds of businesses that offering your customers the option to pay with credit card enhance the revenue exponentially. No matter if you are operating your business remotely or from home. If you don’t accept credit card yet, it is great time to start. As late is always better than never. You may have faced the unpleasant situation of rejection for your merchant account application. For this there are specific companies and services that can offer solutions. There are high-risk merchant account providers and offshore merchant account programs that use a network of banks internationally.   Having made that decision, the next step is to obtain a merchant account through a reliable processor. Choosing the wrong processor, will leave you pay higher fees, confuse your customers and at the same time make you hold line for long to connect with customer service representative. Following factors should influence your decision while getting in ...