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Back in May, I wrote an article explaining what cash discounting programs were. But since then, there have been significant questions about surcharging customers and convenience fees. Largely the curiosity lies in if they are the same thing as cash discounting programs or something else entirely. To clear up any confusion, I’m going to discuss the different types and highlight how they vary from one another.
As a business owner, you know that offering a range of payment methods increases your chances of a sale, but one payment method worth adding also saves you money and time. It’s called ACH.
When you read about ACH, you will often hear about ACH debit, but what is it exactly? In this article, we discuss what ACH is, clarify what ACH debit payments are, and discuss the advantages and disadvantages of this payment method.
One of your chief goals as a business owner is strong business growth, and that requires healthy sales and profits. Both help you improve your products and services and boost your marketing efforts so you stay ahead of your competition. You also gain the welcome benefit of more money to your personal bank account at the end of the day.
Sometimes in the industry, we forget that most people do not understand its jargon. One prime example of this is the concept of integrated vs non-integrated credit card processing. To clear the air, I wanted to write a quick piece explaining the differences for businesses.
Each year, more and more businesses take advantage of ACH transactions for faster payments and lower-cost transactions. If you have looked into ACH for your business, you may have read the terms ACH credits and ACH debits. They may sound like similar concepts, but in reality, each has a different meaning, and knowing them can save you substantially as a business owner.
As a small business owner, you know there is nothing quite like the feeling of a successful sale. Thoughts quickly go through your mind of how you will apply the funds. Perhaps they will go to your overhead, to your business growth, or your own pocket – or perhaps all three.
As a non-profit organization, your success lies in receiving donations. There are many types of fundraising options, such as direct donations, payments for special events, membership fees, and payments for merchandise. Having the right software at your fundraising events with the capability to handle the full suite of fundraising payment options, all while being easy for you and your donor to use, is ideal. Welcome to the world of ACH.
By 2021, most people have heard of cash discounting programs. It’s popping up everywhere from gas stations, restaurants, even to retail stores. With well over a decade in the payment processing industry, I’ve had countless merchants ask about it and wondered if it was the right option for their business, as well as the potential benefits.
For any business looking to simplify their collections process and reduce the amount of time they spend waiting for customers to pay, they need to set up recurring billing. To save even more money, using ACH payments over credit cards can bring the best value to your business both from an operations and financial size.
As a business owner, you can offer a wide range of payment options to increase sales and improve back-end accounting. One of the best ways to improve your margins is cutting costs where you can. To do this, most businesses look for an alternative to credit card payments, as they cost more than other payment methods.
For a thrifty business owner, using the best available payment methods to improve your bottom line is key to reaching your business goals; ACH payments is one such method. While not a great option...
In this article, we’ll cover the common type of electronic payments method, from EFT, ACH, and wire transfers, as well as discuss which one is the best fit for your business.
A simple customer loyalty program improves customer retention, boosts sales and profits, and expands your reach to create a larger and more devoted following for enduring and consistent growth. In this article, we will look at customer loyalty programs and learn how they can help your business.
Finding a merchant service provider for your restaurant is key to your success. Learn all the pros and cons about choosing a payment provider for your business.
You may have seen or heard about contactless payment systems and wondered if they would help business. Yes, they can, and if there is ever a time to buy a payment terminal that accepts contactless...
Have you heard of “omnichannel payments” and wondered what the term means? This system is an easy, all-in-one digital solution often used as a preferred method of sales for businesses ranging from...
ACH payments are a smart payment processing option for businesses who need secure, recurring funds regularly, but how long do ACH payments take? The ACH network works differently than other payment...
Trying to find out where you cut costs on your processing fees? Understanding what a specific company is charging you on a monthly basis to accept credit and debit cards can be confusing. In this...
When your business is searching for a new payment processor, learning what questions to ask credit card processing companies is an integral part of the shopping process. However, many credit card...