Cash only businesses lose an estimated $100 billion in sales to businesses who accept credit card payment. If you’re opening a new shop or transitioning to accepting credit cards, you’re making a smart choice. However, if you don’t understand the complexity of credit card regulations, you could violate the law or the trust of your […]
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Since nearly 50% of Americans no longer carry cash, merchants need to offer a robust variety of payment solutions. Between touchless payment solutions and on the go card reader dongles, there are many ways to accept credit card payments. Every business is different and will need a solution that suits the need of that company […]
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Fraud affects businesses of all sizes in all industries. And hackers are targeting eCommerce industries. The eCommerce industry is worth trillions. And since eCommerce security isn’t as advanced as other security types, hackers see this as an easy and profitable target. About sixty percent of eCommerce business owners report fraud attacks, and the number is […]
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High Risk eCheck/ACH vs Credit Cards Do you sell products and/or services that fall under a high-risk category? If so, you’re probably debating whether you should apply for a credit card processing solution, an eCheck or ACH processing service, or both. You’ve also probably discovered that getting approved to accept credit cards can be quite […]
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Starting an online business requires building an effective team. Building effective teams is the secret of success when it comes to creating a small and thriving business. Too many individuals start building a business solo, and they end up finding out the hard way that comprehensive strategic partnership is how an online business becomes successful.
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Starting an online business where you can accept credit cards from your customers requires planning – specifically operational planning. Too many companies try to rely on strategies to carry them through their business cycles. In reality, strategies are not specific as operational planning. For example, a strategy might be that you are going to organize […]
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When starting an online business that is going to take credit cards from customers, you are going to need to know the key metrics of your business. It is very important to show financial institutions that you are going to be keeping data about the business operations. This helps both your business and the financial […]
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A good business credit score can be just as important as a good personal credit score. There are a lot of misconceptions about what a good business credit score entails. For the past two weeks, we have been posting articles about the different types of business credit scores you should be paying attention to. At […]
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What is a DUNS number exactly? The definition of DUNS is a “data universal numbering system” that is managed by Dun and Bradstreet (D&B). It is a unique nine-digit number that is specific for each business. Even though there are over 250 million entries, there are more numbers to go around. The DUNS number format […]
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In this day and age, why do entrepreneurs risk failure to go into business online without giving customers easy payment options? The recession, the stock market instability, and social, financial discontent are reaching boiling point. On top of all that, banks are not offering credit as they were during the housing bubble and businesses are […]
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