Every business has to manage payment processing and operational costs. You simply cannot have one without the other. However, because the businesses that provide these services are also trying to make money, these costs can get expensive quickly. In many cases, they are much higher than they really need to be. Here are a few ideas on how your business...
Plunkett Research, Ltd. reports that global consulting revenues in 2016 accounted for $470 billion. This number was $415 billion in 2013. According to CNN Money, in 2016, 5 different consulting specialties such as healthcare, marketing, implantation, IT, and security, were among the top 100 best jobs for fast growth. Financial Consulting Industry There’s an increasing demand for online mode of...
Last month, Wal-Mart Store Inc. confirmed that it would be settling a lawsuit against Visa Inc. The news of this lawsuit settlement over EMV debit card transaction routing was announced just days after these two giants settled lawsuits filed back in 2005 over massive (and still ongoing) credit card interchange litigation. This lawsuit began in 2016 when Bentonville, Ark.-based Wal-Mart...
Merchant services can be characterized as a broad array of financial services that a business can use. Merchant services usually refer to merchant processing services that allow for accepting a transaction payment through a secure (encrypted) channel using the customer’s credit card or debit card or near-field communication (NFC)/radio-frequency identification (RFID) enabled device. Getting a Merchant Account To accept credit/debit...
The world of retail has changed. Fewer consumers are going to the store to shop; instead they are opting to shop online from the comfort of home. And if they do shop at a store, consumers have more than likely used the internet and cloud-based apps to research purchases before stepping foot inside a retail space. Today’s customer is looking...
Independent contractors often have difficulty finding a trustworthy payment processor. With an inconsistent stream of income, contractors may face increased risk of fund withholding. Without paying enough attention to the terms and fees related to your credit card processing, you will end up with overpaying for merchant services. Choosing the Best for Your Business Merchant accounts are a must if...
Finding a merchant processor can be a daunting prospect for many business owners. If the business is in a high risk industry, it can take months or even years to secure a payment processor willing to give them a merchant account. As a result, once businesses do find a payment processor, they will stick with them even if services rendered...
The public opinion can do many things, from elect a president to crown an American Idol winner. Public opinion can also change the way the processing industry works. Since the recent waves of mass hackings and data theft, public opinion takes the side of “more needs to be done”. It’s true, but it is not that easy. Merchants and customers...
The future of payment systems is bright. This year, the world has seen the integration of payment systems into the lives of consumers, and the evolution of payment technologies in general. This is because of software-development technology that makes it easier to code, the ability for apps to do functions that used to require special hardware, regulators who encourage innovation,...
Many people use PayPal for their electronic transactions, be it payments or accepting payments. However, while PayPal is popular and has been around for years, it may not be the best option. PayPal has a downside that few know about. In this article, you will learn about alternatives to PayPal – namely eMerchantBroker – and why the switch would be...
