Sharing thoughts, facts, ideas, and best practices for business owners of all kinds.
Credit Card
Partnership
Point of Sale
POS
Once you complete a sale and sign an agreement with a merchant, it’s often easy to just move onto the next one and focus on finding more of them to sign. Merchants you’ve signed tend to stay happy and complacent as long as their hardware and software are functioning properly…
Read ArticleMerchant Account
What is a Merchant Account?
A common question we hear is, “What is a merchant account?” A merchant account is a bank account for businesses which allows them to accept credit and debit card payments. The business accepts the cards and the bank handles and “settles” the transactions. You are the “Leader” of your business,…
Merchant Account
Merchant Service
Without the resources and solutions of a reliable merchant service, new businesses would be failing at an even more alarming rate than they already are. Considering 95% of most new businesses fail within the first 5 years (half of them not even making it more than 1 year) it is…
Merchant Account
High Risk Merchant Accounts
High-risk merchant accounts allow “riskier” businesses to process credit cards. The “high risk” of these types of businesses (discussed below) are: the payments or funds may not go through, they have a higher history of fraud, they receive numerous chargebacks, they sell services which are not tangible and cannot be…
The world of payments is rapidly changing in front of our eyes. Massive consolidation is happening at a record pace, and this will inevitably impact your business as a merchant services agent.