Full Feature ACH Check Processing Services For Your Business
Can you afford to not Capture Every $ Dollar? More and more
merchants rely on ACH check processing payments from their customers.
High Volume Credit Card Processing For Businesses Is Available
Are you just starting a business venture, or does your limited volume merchant account make you feel trapped and unable to “grow” your business? More and more
merchants are able to succeed and stay in business when they are able to rely on a stable and well established processor that will allow their processing volume to increase as their business grows.
Is Offshore Merchant Account Credit Card Processing Really An Option?
Does your business have special processing needs but are afraid of processing offshore? Providing international credit card processing solutions worldwide and specializing in high volume
merchants, Offshore Merchant Account On The Net ® tm sm has been helping merchants since the mid 90’s with their unique processing needs. New as well as established business ventures that process higher volumes are encouraged to apply.
An Introduction To Common Credit Card Processing Fees
Many merchants are stunned by the number of different fees that are associated with processing credit cards Some of the fees are assessed by the bank or ISO/MSP that provides the merchant with a merchant account
Credit Card Processing Security Concerns
As an online merchant accepting credit card payments, you have numerous security issues that you must be aware of for the safety of your business and your consumers. At this time, there are two main aspects of credit card security for credit card processing, including ?AVS? and ?CVV?. Both allow credit card transactions to be completed anonymously over the internet, and any merchant accepting credit cards online should require both forms of information of your customers.
Credit Card Processing Company Best Links Live Celebrates Third Anniversary in Business
BestLinksLive.com, a credit card processing firm focused on serving the payment needs of mobile and brick-and-mortar businesses of all kinds, is very pleased to announce their third anniversary in business.
7 Questions to Ask A Potential Internet Merchant Account Provider
Recently I went looking for an online merchant account, with disastrous results. I made the mistake of taking information at face value and relying on the ecommerce merchant account provider's good reputation in other areas.
An Interchange Plus Pricing Structure Can Greatly Reduce Your Credit Card Processing And Merchant Account Fees.
Traditionally small to mid sized businesses have been set up with what is called multi-tier pricing for their credit card processing. This system is usually set up with three tiers (qualified, mid-qualified, and non-qualifed.) Occassionally, if the business owner has negotiated well, there will be a fourth tier for qualified offline debit cards. While this system has worked well for many years, the increasing number of rewards and corporate cards being issued has made this type of pricing obsolete.
Get Offshore Credit Card Processing - Enjoy Tax Benefits, Currency Advantages
A secure, cost effective, and reliable method of payment collection through offshore credit card processing can have a huge impact on the way you do business online. It can help you keep all information private, enjoy zero taxation, and provide protection from currency fluctuations, which in the current economy is a major concern for many Americans.
International Credit Card Processing Issues
Deferred Processing
3 Tips to Set Up PC Based Credit Card Processing
Whether your business is offline or online you will significantly increase sales -- and profits -- when you can accept all the major credit cards for payment of the goods and services you sell
In the old days getting a merchant account so that you could process credit cards was a colossal hassle
Understanding Credit Card Processing
There are some sites that provide fast credit card processing services Credit Accept is one among them which offers numerous credit card services to the users
How Credit Card Processing Works
The place of business that accepts the credit card is called the ?Merchant.? In order to be able to accept credit cards, the Merchant must open a ?Merchant Account? with a ?Merchant Bank? which is also known as a ?Sponsoring Bank? or an ?Acquiring Bank.?
|
 |
 |
The Cost Of Acceptance: How To Turn The Cost Of Credit Card Processing Into Net Revenue Growth
Have you ever slowed down to ask what comprises the cost of accepting a credit card, better known as the Discount Rate? Why does this cost vary from one transaction to the next? To understand best, I encourage you to step into the shoes of your valued customer, the consumer. The average American carries 4-5 bank issued cards in his or her wallet and utilizes them to finance transactions, expedite the transaction at the point of sale, and in many cases, to take advantage of the benefits these plastic cards give back.
The consumer?s choice as to which card to draw from his or her wallet is generally based upon the answer to one key question...?What?s in it for me?? The list of incentives made available to the consumer by the card issuing banks is extensive. Ranging from signup bonuses and teaser introductory rates to cash back incentives and airline miles, consumers receive tremendous benefit from the issuing banks for their day to day purchases. Financing these incentives sounds like the issuing banks? problem, right? Not exactly.
The largest component to a merchant account is the cost of Interchange, which the processor collects from you via the discount rate and pays to the issuing banks, in large part to fund the consumer incentives mentioned above. At the end of the day, there is very little that you can do as a small business owner to reduce your cost of credit card acceptance while continuing to satisfy your customers? need for choice. However, you can leverage this cost and customer-mandated payment type to improve collection processes and payment convenience to your customers.
Just as you provide a breadth of products and services for your customers to choose from, I would encourage you to provide equal choice to them for their form of payment. Choosing a payment processing solution that accepts all of the major credit card types and allows for alternative payment methods, such as ACH direct-debit and eChecks, helps you to minimize your overall cost of acceptance.
By allowing your customers to make payment with the credit card or other remittance type of their choosing, you?re increasing their convenience. In addition, credit cards have other electronic payment benefits that enable your business to set up more flexible payment options for your customers--such as online bill-pay, email invoicing, and recurring billing. You will attract new customers to your business, build customer loyalty, and potentially increase your customers? average purchase amount. The impact on your net revenue growth will likely offset the variance in Interchange expense and yield maximum growth to your enterprise.
Interested in expanding the payment processing options for your business? PaySimple can help. PaySimple is the premier provider of electronic payment solutions for small businesses and creates platforms that simplify and empower the lives of small business owners. PaySimple provides an on-demand Software as a Service (SaaS) platform that enables small businesses to bill, collect, and manage their customer payments under one user-friendly system. The PaySimple Solution includes: recurring billing, email invoicing, ACH direct-debit, credit card processing, e-check processing, EFT, online payments, and more.
David Sharp is the VP of Business Development for PaySimple, the premier provider of ach and credit card merchant account services for small businesses. David has spent the majority of his career in the electronic payments industry, including serving as VP of the Western Region for Global Payments, Inc.
|
