As the payments world can be incredibly complex and eCommerce on a global scale continues to expand, customers are demanding straightforwardness, openness, and standardization with their payments. This can all be in the form of paying with a credit card at the point of sale, performing an international transfer, or making a transfer via mobile application. Meanwhile, small to medium-sized...
When it comes to B2B payments, having just one payment rail will not suffice in resolving every stage of friction. It has been proven through research that adopting multiple rails of payments can actually spur revenue. Payment rail innovation is being seen in both FinTech suppliers and corporates to alleviate friction in employee payroll, invoice payments, and card acceptance. Multiple...
On July 20, 2020, The Strawhecker Group (TSG) and Visa Consulting and Analytics (VCA), joined forces to conduct a survey of 569 U.S. consumers to examine Visa’s spend data. The primary objective was to comprehend how the COVID-19 pandemic has affected consumer behavior, method of payment, and how habits may change post-pandemic. The “Key Takeaways” that were highlighted in the...
Businesses are different. To choose the best payment processing pricing structure for your own business, you should do research and see how different billing systems work. In the article below, you can find several options to go for the most suitable one for your business. Payment Processing Pricing Structures to Choose From Wrong credit card processing service will make you...
A payment processor you choose for your eCommerce business plays a vitally important role. Today’s processors offer various merchant processing capabilities, so you should research well to find the best fit for your business. This article will help you choose a payment processor to grow your business with success. How to Choose a Payment Processor When choosing a payment processor...
Collecting credit and debit card payments from clients is an excellent way to increase your customer base, but related costs can threaten to shake your bottom line. Credit card processing rates usually vary from one payment enabler to the next which is why you must dig deep. A high-risk classification doubles the trouble for you unless you partner with a...
Dear Merchants and Friends of EMB: The COVID-19 pandemic has certainly turned our worlds upside down as we have faced disruptions in our work and our everyday life. Unfortunately, there is no foreseeable end to this human and economic tragedy as we grapple with enforced social distancing, loss of jobs, and of course, fear of contracting the virus itself. As...
High risk merchant accounts will be directly impacted by upcoming fees. Visa and Mastercard have decided to postpone interchange fees until July as it comes to grips with the rampant economic crisis fueled by the coronavirus pandemic. As governments struggled to lessen the impact and spread of the virus, their decisions have led to many retailers, hotels, and restaurants having...
Businesses with a high risk merchant account can still be profitable if they pivot their business. The Covid-19 pandemic has greatly disrupted the US economy as many businesses were forced to close due to strict social distancing measures. The hardest hit were the small businesses where some had to temporarily halt operations, while others tragically had to close their doors...
What can a business owner do during this difficult time? As Covid-19 cases continue to rise, so do the number of companies mandating that their employees work from home. As of mid-February 2020, it was estimated that 46% of American businesses rolled out remote-work policies. While working from home has enjoyed a surge of popularity in recent years, it is...
