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Featured Resource: Assess Your
Merchant Statements
Let’s paint two seemingly harmless scenarios for you. A customer comes into your business and attempts to pay for a purchase with an EMV chip card.
READ MOREFor starters, there are more rate plans for your business to consider than just Flat and Interchange plus pricing. That said, comparing too many options at once can be overwhelming; therefore, we’re going to focus on only two plans to simplify things a bit.
READ MOREHow did the Payment Card Industry standards come to fruition? Let’s start with the body that governs their development; the PCI Security Standards Council (PCI SSC). The PCI SSC is a worldwide consortium of security experts from different areas of payment processing, including businesses taking credit card payments.
READ MOREHave you ever heard of Square, Stripe or PayPal? You might be surprised to learn that these recognizable names in the payments space are Payment Facilitators. There are numerous middlemen involved in credit card processing, and depending on your size and needs, different ones will prove most advantageous for you.
READ MOREWhat does good point-of-sale data management look like? If the words ‘Excel spreadsheet’ have made it into your answer, let me stop you there. Manually recording and analyzing data may have worked well in the past, but in 2019 this method is a disservice to an automated approach for retailers.
READ MOREIf you’re like most business owners, you store every printed receipt from your credit card terminal and provide copies to your customers. It may be a routine you consider a best practice to protect your business, but the cost to maintain and store printed receipts significantly eats into your profits.
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