In today's digital age, credit card machines have become an essential tool for businesses of all sizes. These machines enable merchants to accept payments from customers using credit or debit cards, providing convenience and flexibility for both parties involved. In this comprehensive guide, we will explore the various aspects of...
Net 60 Payment Terms: What They Are and How They Help Business Credit
Payment terms are core to any business deal because they are crucial for cash flow and financial partnering. Before the time to invoice any client arrives, it is very important for a business owner to understand what Net 60 means, the general payment period. Mastering this financial lingo gives you...
FANF Fee – Visa Fixed Acquirer Network Fee
The Visa Fixed Acquirer Network Fee (FANF) is a mandatory charge for businesses accepting Visa cards. Introduced in April 2012, FANF helps fund Visa’s network maintenance. The fee varies based on business type, transaction method (card-present vs. card-not-present), number of locations, and monthly Visa sales volume. While small businesses with...
How To Sell Cash Discount Merchant Services
Cash discount merchant services are a payment processing solution that allows businesses to offset their credit card processing fees by offering a discount to customers who pay with cash. This innovative approach to payment processing has gained popularity in recent years, as businesses look for ways to reduce their expenses...
Average Fees for Credit Card Processing
Credit card processing fees are charges that businesses incur when they accept credit card payments from their customers. These fees are typically a percentage of the transaction amount, along with a flat fee per transaction. Understanding these fees is crucial for businesses, as they can significantly impact their bottom line....
How POS Systems Help Manage Equipment Rentals
In today's fast-paced world, businesses are constantly seeking ways to streamline their operations and improve efficiency. This is especially true for equipment rental businesses, where managing inventory, tracking equipment, and providing exceptional customer service are crucial for success. One tool that has revolutionized the way equipment rental businesses operate is...
How to Accept Apple Pay at Your Small Business
As technology evolves, consumers are increasingly turning to contactless payment methods like Apple Pay for convenience, speed, and security. For small businesses, accepting Apple Pay can offer a competitive edge by catering to the growing number of customers who prefer this modern payment option. Whether you run a brick-and-mortar store,...
How Credit Card Processing Works: A Beginner’s Guide
Credit cards have become an integral part of our daily lives, allowing us to make purchases conveniently and securely. Behind the scenes, credit card processing plays a crucial role in facilitating these transactions. In this beginner's guide, we will explore the intricacies of credit card processing, from the parties involved...
Payment Processing for International Transactions
In today's globalized world, businesses are increasingly engaging in international transactions. Whether it's selling products to customers abroad or paying suppliers in different countries, payment processing for international transactions is a crucial aspect of conducting business on a global scale. However, navigating the complexities of international payment processing can be...
Choosing the Best Payment Processor for Your Business
In today's digital age, having a reliable payment processor is crucial for any business. Whether you operate an online store, a brick-and-mortar shop, or a service-based business, the ability to accept payments efficiently and securely is essential. However, with so many payment processors available in the market, choosing the best...