The number of merchants currently conducting their operations in the comfort of their homes has rapidly risen in recent times. Unlike more established enterprises, home-based businesses are less regulated, cheaper to run, and offer more flexible working hours. However, merchants that choose to work from home face the problem of limited payment options. A home-based retailer entirely depends on credit...
If for whatever reason you’re dissatisfied with your current payment processor, it is time to jump ship. It makes no sense sticking to a firm with high rates, service problems, poor customer support or any other issues that impede your peace of mind. Unless it’s done in the best way possible, moving from one merchant services company to another can...
Before you sign an agreement with a merchant account provider, it is important you understand some of the terms of the agreement. One area that is creeping into this domain is a reserve on the account. These are becoming normal on a high-risk business option. Some businesses through no fault of their own are high risk. This means a judgement...
When entrepreneurs start a new business, there are tons of issues to tackle, paperwork to sign, and plans to execute. Some of the most critical of these tasks is deciding where your financial support is coming from. Most business owners seek the support of a bank or merchant account providers to infuse them with the necessary funds to get started....
Merchants accounts are a must for any business, as they help you accept plastic card payments. The majority of merchant account providers ask for a “reserve”, or a source of payment in the case of your business having too many chargebacks or fraudulent charges, so that they can recoup some of their lost funds. This can be a hassle if...
With the adventure of starting up a new business comes the challenge of setting up a merchant account which is a type of bank account that allows a merchant to accept card payments for their products and services, without which your business is most likely going to lose many of your card holding customers. The payments business is highly competitive...
