There are some big financial decisions to make when you are trying to help your business succeed. Traditional invoicing paid by check or cash is quickly becoming an outdated means of collection, as data shows nearly 80% of consumers prefer debit or credit card payments over cash or check. If you are looking for answers…
Category: Merchant Accounts
The Difference Between High Risk and Low Risk Merchant Accounts
Opening a merchant account is a way to increase your business potential, as it provides customers with more than one way to pay for your goods or services. Accepting credit or debit card payments is a convenient payment form for both you and your consumers. However, not everyone is approved for a merchant account, as there…
Streamlining Global Import/Export Operations With a Merchant Account
Running an international trading operation can be risky, especially if you’re working with new customers in a location where your company has not yet set up its own offices. For many exporters and importers, this is simply a fact of the business, which is why there are so many resources dedicated to providing merchants with…
Does Bad Credit disqualify You From a Merchant Account?
With all the restrictions and disqualifications bad credit can bring a business looking to set up financial resources, it’s no surprise so many owners of small companies question whether they can get merchant accounts before improving their credit situation. After all, bad business credit can keep a company from accessing cash draw credit lines and…
Does Your Business Need a Merchant Account?
If you own or are planning to start a small business, you may have heard about merchant accounts. Many business owners are unsure exactly what these are and how to use them. A lot of people are unsure whether they need a merchant account to run their businesses. Understanding the answers to these questions could…
Should a New Business get a Merchant Account?
These days, most businesses that depend on consumer patronage don’t really have the option of excluding credit transactions from their range of accepted payment methods. There’s just too many customers who depend on them as a regular option for most new companies to pass up the opportunity, even if there are some costs associated with…
Does Your Startup Need a Merchant Account?
When you start a new business, you want to do everything you can to ensure that it succeeds. Some startup founders are hesitant to create merchant accounts because of the potential cost. However, in most cases, the cost of not having one is significantly greater than the associated fees. If you are running a startup,…
What Is the MATCH List and How Does it Affect Me?
When a merchant account was terminated by Mastercard, the company was considered blacklisted and its name was added to a Terminated Merchant File (TMF). This was done to prevent a risky business from applying for a new account or opening an account with another major credit card company. More recently, the TMF was replaced with…
When Do You Need a High Risk Merchant Account?
If you have shopped for a merchant account, you may have seen that some businesses are denied accounts due to high risk. Merchant services providers assume a certain amount of risk with each company they work with. In many industries, the risk is fairly low. However, companies in some fields may need to use special,…
Are Free Merchant Accounts a Real Thing?
A merchant account can be invaluable for your business. It is how you can accept credit card payments from your customers. If you have an established customer base, it is a no-brainer to set up a merchant account. However, if you don’t have steady revenue yet, you may be intimidated by the fees and setup…