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...
Level 2 Data Processing: What It Is and How It Can Help Your Business?
In today's digital age, businesses are generating vast amounts of data on a daily basis. This data holds valuable insights that can help businesses make informed decisions and gain a competitive edge. However, the sheer volume and complexity of this data can be overwhelming, making it difficult for businesses to...
Flat-Rate Credit Card Processing: Pros, Cons & Alternatives
Flat-rate credit card processing is a pricing model that has gained popularity in recent years, particularly among small businesses. This model simplifies the complex world of credit card processing fees by charging a fixed percentage or flat fee for each transaction, regardless of the type of card used or the...
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...
How to Select the Right Credit Card Processing Equipment for Your Business
In today's digital age, credit card payments have become the norm for businesses of all sizes. Whether you run a small retail store or a large e-commerce platform, having the right credit card processing equipment is crucial for smooth and secure transactions. Selecting the right equipment can have a significant...
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...
Credit Card Processing Outages: Why They Happen and How to Solve Your Problem
Credit card processing has become a fundamental aspect of modern commerce. Whether you run a small online boutique, manage a brick-and-mortar store, or operate a large multinational enterprise, the ability to accept credit card payments reliably is vital. It enables you to provide customers with the convenience they expect and...
What Is a Cross Border Fee for Credit Card Processing?
A cross border fee in credit card processing is an additional charge levied when a customer’s credit card transaction passes beyond the borders of the merchant’s home country. In other words, when a buyer located in one country makes a purchase from a merchant located in another, the resulting credit...