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Processing Refunds? Beware of Additional Fees
Unfortunately, unethical Merchant Account Providers are constantly conjuring up new ways to hide fees and make more money off their customers. Part 5 of this series covered one way providers can be deceptive when your business runs returns. In part 12, we will further explore unethical issues related to refunds. Payment Processing Demo Schedule 15 minutes with a payments expert Get a customized PayJunction product walk-through Understand requirements and pricing Determine your SAVINGS! GET DEMO NOW
Ursula Librizzi
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Manage Multiple Merchant Accounts With Ease
If you run a multi-location or multi-department business, there’s a chance you have multiple bank accounts. This can keep your finances tidy and might even be necessary. If your business has multiple locations, for instance, it might be easier to manage batches and reconcile bank accounts separately. Similarly, businesses managing multiple brands, like auto dealerships, might need to separate deposits by manufacturer. Likewise, legal firms often need multiple merchant accounts to manage client payments during trial.
Christina Lavingia
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Make Recurring Billing Convenient and Paperless
Let’s consider a scenario: You’re an office manager and it’s the end of the month. You have 80 monthly subscribers you need to bill for your services, which means 80 authorization forms to mail out, 80 checks to look for in the mail and 80 deposits to your business’s bank account. For those who are late making their payments, you have to follow up and impose painful late fees. This process could take a good week or two, and will start all over again in a few short weeks when the next month’s payments are due.
Christina Lavingia
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Increase Your Oversight With User Access Controls
We all know the trope “with great power comes great responsibility.”
Christina Lavingia
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Improper Merchant Underwriting Directly Affects Your Business
To get a traditional merchant account, your business must go through an extensive review process called merchant underwriting. Unfortunately some Merchant Account Providers don’t effectively underwrite businesses, which can lead to issues down the line.
Ursula Librizzi
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Meet All Your Needs With Customizable Virtual Terminal
Old-school terminals are limited; all they can do is charge credit cards and print receipts. With a Virtual Terminal, your business can store digital signatures, easily search for receipts and more. But if you can’t tailor a Virtual Terminal to your business needs, what’s the point?
Ursula Librizzi
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