Is Contactless Checkout Here to Stay?

Is Contactless Checkout Here to Stay?

Contactless payment took off in 2020 during the COVID-19 pandemic. It looks to be maintaining its momentum for the future. According to a study by Visa, just 16% of consumers said they would revert to traditional methods of payment after the pandemic. Also, 65% of consumers said they’d prefer to use contactless technologies after a vaccine is available.1 Among small to medium businesses, just 20% offered contactless payments for the … Continue reading “Is Contactless Checkout Here to Stay?”

How the Pandemic Is Completely Changing How We Pay

How the Pandemic Is Completely Changing How We Pay

Contactless payment options are surging in the wake of the coronavirus pandemic. Forecasts for the digital payments market are robust; it’s currently projected to grow at a compound annual growth rate of 13.7% between 2021 and 2026.1 It’s not only because people are more often shopping online. Governments are welcoming contactless solutions to fight counterfeit currency and reduce the cost of printing currency. The overall effect has been a rapid … Continue reading “How the Pandemic Is Completely Changing How We Pay”

Credit Card Processors vs. Merchant Service Providers

Credit Card Processors vs. Merchant Service Providers

A key to your business’s success is offering a convenient way for customers to pay that allows you to remain within budget. Merchant services and credit card processing both accomplish this in different ways. What Services Do Credit Card Processors Offer? A credit card or payment processor is the service that goes to work once a customer pays by credit card. It ensures  each transaction moves along the correct route … Continue reading “Credit Card Processors vs. Merchant Service Providers”

Mobile Credit Card Processing: The Benefits of Letting Your Customers Pay at the Table

Mobile Credit Card Processing: The Benefits of Letting Your Customers Pay at the Table

If you operate a restaurant, chances are you’ve heard about pay-at-the-table technology. Pay-at-the-table systems benefit both your customers and business. They leverage the concept of contactless payment, which traditionally applies to in-person purchases made with a credit card that has an embedded microchip. This means the entire transaction can take place at the table in a single instance, and it limits contact in a post-COVID world. Benefits to Customers When … Continue reading “Mobile Credit Card Processing: The Benefits of Letting Your Customers Pay at the Table”

Taking the Fear Out of Finding the Right Payment Processor

Taking the Fear Out of Finding the Right Payment Processor

Finding a payment processor is an important step in allowing customers to pay for products and services they buy from your company. At this step, it can be tempting to pick the lowest bidder. However, this can present many problems later. Here, we will explain how to choose a payment processor, starting with what a payment processor does, and then working through various factors to consider, to help you make … Continue reading “Taking the Fear Out of Finding the Right Payment Processor”

Do Credit Card Machines and POS Systems Differ?

Do Credit Card Machines and POS Systems Differ?

Whether your business processes hundreds or thousands of transactions in a day, week, or month, having the right system to accept payments can make all the difference. Today, we’ll explore the differences between credit card machines and POS systems and offer advice on choosing the right one for your business. What Is a Credit Card Machine? The first credit card machines contained metal plates onto which a customer’s credit card … Continue reading “Do Credit Card Machines and POS Systems Differ?”

“High-Risk” Businesses and Credit Card Processing

“High-Risk” Businesses and Credit Card Processing

Many successful and vital businesses are told they are in a “high-risk category” when they apply for banking services and credit card processing. If you are involved in a startup or even have an established business and a good credit history, you may find you have trouble finding high-risk business credit card processing at a reasonable rate. What makes a business high risk, is there any way to change this … Continue reading ““High-Risk” Businesses and Credit Card Processing”

7 Common Small Business Payment Processing Challenges and How to Avoid Them

7 Common Small Business Payment Processing Challenges and How to Avoid Them

There’s no doubt that having the right payment processing systems can benefit your business in a multitude of ways. In fact, by simply installing the right systems, you can avoid many issues, including the following seven common payment challenges that every merchant faces. 1. Fraud Fraud accounts for billions of dollars being lost by U.S. business each year, and it’s on the rise. The good news is twofold: You can … Continue reading “7 Common Small Business Payment Processing Challenges and How to Avoid Them”

The Future of Virtual Terminals in the Cannabis Industry

The Future of Virtual Terminals in the Cannabis Industry

As medical and recreational cannabis has been legalized in many states, numerous products have come on the market. These include a wide range of profitable CBD products. A merchant account allows your business to accept credit card payments from customers who buy these, while a virtual terminal allows you to accept credit card information without having physical access to cards. This means you can sell your products online. However, many … Continue reading “The Future of Virtual Terminals in the Cannabis Industry”

Are There Advantages to Running Your Debit Card as Credit?

Are There Advantages to Running Your Debit Card as Credit?

Most of us use a debit card for everyday transactions, to avoid the hassle of checks and cash. Debit cards that have a credit network logo like Visa, MasterCard, and American Express typically allow customers to pay using either the debit or credit option at checkout. What are the differences for the customer and the business that accepts these payments? What Are the Differences Between Choosing Credit or Debit? There … Continue reading “Are There Advantages to Running Your Debit Card as Credit?”