Category: Merchant Business Tips
July 17, 2015
PCI compliance is one of the most important details factoring into a successful business today, but it’s also one of the most complicated topics for the majority of business owners. Before you can be sure that you’re looking at the right credit card merchant processing services, it’s important to understand the basics of credit card authorization and settlement services, and the requirements set by the Payment Card Industry Data Security Standard (PCI DSS). What is PCI compliance? This refers to a system of requirements that have been designed to protect companies that process, store, and transmit credit card information when...Read more
July 15, 2015
Over time, credit cards have undergone tremendous change, and even bigger changes are coming. For businesses with a lot of walk-in traffic, the way in which a physical card is swiped will be different. Using a new technology in the form of a credit card chip, payments will be easier and safer for consumers and merchants alike. Improved Protection One of the key benefits to credit card chips is the dramatic reduction of real data being stolen from magnetic strips located on the back of credit cards. Sophisticated criminals have the know-how and equipment needed to capture information and create...Read more
July 9, 2015
The cost of credit card processing can be quite expensive for a business that conducts high-volume transactions. To reduce such costs, the business should search for a merchant account provider that offers discounted credit card processing fees. Deciding which merchant account provider to use is something that should be a process rather than a hasty decision. Aside from choosing a reliable and inexpensive merchant, the business can use additional tips and tricks. The following is some information on how a business owner can cut the costs of credit card processing. Take Advantage of Special Offers One way that a business...Read more
July 1, 2015
U.S. businesses are facing greater difficulty increasing profit margins than they have in decades past. Part of the problem is the lingering effects of the Great Recession which has been extremely slow to recover. If your profits aren’t where you’d like them to be at this stage of the game, there are a few bold moves you just might light the spark that ignites a windfall of profit for your business. 1) Give some Customers the Heave Ho Throw dead weight overboard. These customers that are more problem than profit are weighing your business down. It’s time to cut them off...Read more
June 24, 2015
President Obama has recently set some new rules in motion for small businesses. Small businesses must now comply with EMV requirements to avoid having to pay fines. EMV technology consists of credit cards that have microchip technology inside of them. EMV is an acronym that stands for Europay, MasterCard and Visa. The microchip technology prevents fraud from occurring. The microchip carries crucial identifying data about the cardholder, and it stores such data on its circuits instead of storing it on a magnetic stripe material. EMV chip technology has many benefits for businesses. First, it saves time and money for business...Read more
June 17, 2015
Nearly every small business has come to the realization that credit card processing is an essential part of their business. But US businesses have been running behind the rest of the world because for many their credit card processor is designed for traditional credit cards that have a magnetic strip. Consumers swipe the card and data about their account is fed to the merchant they are making a purchase from. While this seems convenient, the simplicity of this method has created numerous security issues. In Europe and Canada, as well as other places, EMV cards (Europay, MasterCard, and VISA) are becoming the...Read more
June 10, 2015
In today’s age, you can never be too careful with your information. That goes not only for shoppers, but also for merchants. In the past year, hackers breached credit card processing systems at major retailers including Target and Home Depot, accessing sensitive customer data. Online identity theft can jeopardize a person’s credit and many cases are never fully resolved. When it comes to financial information and the internet, prevention is the best cure. Here are 3 ways to safeguard your financial data: Watch Out for Wireless Networks It may seem convenient to get your banking done at an airport, coffee...Read more
November 12, 2014
Credit card chargebacks can cause major headaches for merchants. If a customer disputes a transaction for whatever reason, you will have to go through a complicated process that costs you fees as well as losing the sale.
October 31, 2014
In order to avoid credit card chargebacks, you must first know the main causes. Here are 4 of them.
October 8, 2014
Using social networks the right way can lead to instant sales growth for any business, whether B2B or B2C, big or small. Here are 3 things you can do right away to start selling effectively on social media.