What does Chargeback Mean?


What does chargeback mean exactly in terms of business credit card transactions? It is certain that the best kind of business transactions are the ones that go smoothly, without a hitch. However, sometimes the customer is not happy with the product, service, timing, or delivery. Before a single chargeback can take place, an individual must have […]

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What Do I Need to Open a Business Bank Account?


Many start-up business owners ask, “What do I need to open a business bank account?” A more important first question might be, “Do I need a business bank account in the first place?” Corporations and sole-proprietorships have different requirements for receiving payments, as well as for reporting them for sales tax, corporate and personal income taxes, etc.

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Do I Need a Business License to Sell Online?


If your goal is to sell goods and services on the web, you may be asking “Do I need a business license to sell online?” The answer may surprise you. This is one area that is very confusing for people – especially since there are ‘garage sale type’ online businesses that allow for sales without […]

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What is a High-Risk Merchant Account?


Have you found yourself asking “what is a high-risk merchant account exactly”? Many businesses find out that they are unable to get approved to accept credit cards after they have tried to get a standard merchant account at one or more traditional, brick-and-mortar banks.  Being denied for a merchant account for an online business can be particularly stressful. Perhaps you […]

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