If you’re running a business, you’ll need to accept credit/debit cards. This means you should hire a third-party processing firm, which is known as merchant account providers or aggregators, that will manage the transaction between you and the card issuers. Before you could choose a credit card processor for your business, you should know the right questions to ask. If...
Based on the 18th annual POS/Customer Engagement Survey by Boston Retail Partners (BRP), 36% of retailers accept Apple Pay. PayPal held the 1st place in 2016, and this year, took the 2nd place with 34% of retailers accepting the payment method. Apple Pay and Other Payment Options According to Boston Retail Partners, Apple Pay has the largest percentage of supporting...
Unlike physical stores, which can make use of traditional payment methods such as cash and checks, the only way customers can pay an online retailer is through a merchant account. Such an account enables the holder to accept payments in credit and debit card form. With multiple forms of payment at a merchant’s disposal, he or she can capture and...
For a modern-day business, accepting credit cards for payment is one of the factors that directly impact success. Gone are the days when customers used to walk into a retail shop with loads of cash or a paper check. Today, everyone wants the option to choose whatever payment system is convenient at the time. To accept card payments, your business...
Very often, online merchants find eCommerce challenging. To avoid facing problems when establishing an online business, take time to understand the basics of eCommerce. Below, you can find some of the most important aspects associated with online commerce – payment processors, payment gateways, and merchant accounts. Payment Processor A payment processor or acquirer is a financial institution providing the payment...
The more payment options your business has, the better. Your customers need to be able to pay for your goods or services using their credit cards. In order for you to accept them, however, your business will need to obtain a merchant account. Online businesses also require a payment gateway to complete a transaction (a technical component that forwards credit...
In countries that have lots of fewer players than the United States, accessibility and omnipresence are challenges indeed. Access by more players can make things easier and eliminate barriers. Moreover, it can also increase the work of those who deal with the application process and connections of the scheme. Payments System Around the World The Electronic Payments Association, NACHA, has...
In general, POS hardware setups vary from one merchant to the next. One merchant will utilize big-box stores with self-service kiosks, while others choose to accept payments through their Samsung Galaxy. For the most part, businesses will try to find that happy medium by pairing point-of-sale setups with core pieces of POS equipment. Consider the follow list of POS hardware...
How individuals conduct business and make purchases are changing every day. Merchants that want to see their businesses grow, must learn how to utilize new methods of payments technology that make purchasing quick and easy. Right now financial institutions are scrambling to find and develop payment processing technologies. Developers are innovating a variety of technologies driven by customer needs and...
In the extremely competitive fitness industry, it can be difficult for personal trainers to distinguish themselves from competitors. One great way for a personal trainer to make themselves stand out is to provide a quick and easy way clients to pay however they like. But how does a personal trainer accomplish this? Start by choosing a merchant account provider that...
