“Business Tips” Posts

Things to Know Before You Buy Credit Card Readers

Things to Know Before You Buy Credit Card Readers

If there’s one thing to take away from this post, it’s that all credit card reader are not made equally. Despite looking similar, they vary greatly in features, business benefits and cost. Before investing in credit card readers, you should have a thorough understanding of them. Most importantly, you should be aware of the red flags to look for when shopping to ensure you’re purchasing readers that will be a long-term investment for your business. Below, we discuss six things to absolutely avoid when shopping for credit card readers. Credit Card Readers: Red Flags to Look For…

4 Reasons to Automate POS Data

4 Reasons to Automate POS Data

What 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. Of course, if you’re a retailer, you are probably well aware of this notion. In fact, according to a 2018 survey by Askuity of nearly 500 brands, a staggering 92% of retail brands crave more insight from their point-of-sale (POS) data. Simultaneously, 63% are looking to move away from…

Credit Card Processing: Am I on the Correct Rate Plan?

Credit Card Processing: Am I on the Correct Rate Plan?

Anyone who has researched credit card processing rates will probably tell you different iterations of the same story, all of which can be summed up to this: it is a frustrating chasm of mystery that will lead you to far more questions than answers. Interchange-plus, Tiered, Flat, MOTO, Billback, retail, membership-based, effective rate, swiped, keyed, chipped, dipped, EMV-enabled, NFC-enabled ... the list goes on. The vernacular is confusing, sometimes deliberately, and is always changing. Despite this, it’s likely you’ve taken action (possibly a few times) to understand it all. But where do you start? The Pitfalls of Comparing Credit…

Why Your EMV Card Reader Should Take Contactless Payments

Why Your EMV Card Reader Should Take Contactless Payments

In 2015, the United States saw a major shift in consumer payment methods from traditional magstripe cards to EMV-chip cards. This transition is referred to as the EMV liability shift. With the majority of U.S. consumers now paying with chip cards, the next wave of technology is about to roll out: contactless payments. In 2017, major card brands started issuing EMV-contactless cards to consumers in anticipation of this upcoming payment-culture change. Businesses processing credit cards should be prepared for this change as more and more consumers opt for EMV contactless payments. Before we jump into the why, let’s…

How to Have a Successful Year in 2019

How to Have a Successful Year in 2019

By this point, you may be weary of the year-end listicle. It seems there’s a way to evaluate every aspect of your life around this time of year, along with societal pressure to do so. But when it comes to your business, it isn’t OK to just go with the status quo. That’s because your business’s health may be a major determinant of your own financial health and subsequent well-being. The vitality of your business can dictate whether you’re open or closed by next year. We recommend asking yourself the following eight questions to properly…