What Are Basis Points In Credit Card Processing?

Credit card processing is an essential aspect of modern business operations, allowing merchants to accept payments from customers using credit or debit cards. While many merchants are familiar with the concept of credit card processing fees, fewer may be aware of the role that basis points play in determining these...

What is a Statement Descriptors

In the realm of communication, words hold immense power. They have the ability to shape perceptions, convey emotions, and influence actions. One tool that plays a crucial role in effective communication is the statement descriptor. Statement descriptors are concise phrases or sentences that provide a clear and concise summary of...

What is a PEO (Professional Employer Organization)?

A Professional Employer Organization (PEO) is a third-party entity that provides comprehensive HR solutions to businesses. PEOs handle various aspects of human resources, including payroll, benefits administration, and HR compliance. By partnering with a PEO (Professional Employer Organization), businesses can offload their HR responsibilities and focus on their core operations....

Credit Card Preapproval: What Does It Mean?

In the world of consumer finance, credit cards have become a fundamental tool for everyday spending, emergency expenses, and building a credit history. Many issuers employ various strategies to reach potential customers, and one common tactic is sending out preapproval or prequalified offers If you’ve ever received a letter or...

How to Avoid Funding Holds with Square

Running a business in today’s fast-paced world often means meeting customers where they are—both online and offline—and offering them multiple payment options. Square, a leading payment processing and point-of-sale (POS) solution, has emerged as a go-to platform for entrepreneurs, brick-and-mortar shops, and e-commerce ventures alike. It’s lauded for its user-friendly...