“Business Tips” Posts

Need a Sales Boost? 7 Best Ways to Market to Past Customers

Need a Sales Boost? 7 Best Ways to Market to Past Customers

Data shows that you have a 60 to 70 percent chance of successfully selling to an existing customer. Compare that to your low odds of earning the business of a prospect — between 5 and 20 percent — and it’s clear that your business will benefit from investment in your current customer base. There are a number of tactics you can use to re-engage with, and once again delight, your existing customers. We’ve highlighted our favorite re-engagement tactics for you. Learn Why Your Customers Left Whether you lost the account or your customer simply hasn’t made a purchase in…

3 Tips for Mastering Your Merchant Processing

3 Tips for Mastering Your Merchant Processing

Are you just starting to research merchant processing for your business? Are you looking to improve your current setup? Either way, we’ve got the tips and tricks to take your business to the next level. Follow these three tips to master your own merchant processing: Choose a flexible provider. There’s nothing worse than having little to no control over what you get from your merchant processing. Choosing a flexible provider can do a lot for your business. Some Merchant Service Providers lock customers into lengthy contracts with costly early-termination fees to ensure continued business. A flexible provider will…

Understanding Merchant Credit Card Processing

Understanding Merchant Credit Card Processing

No matter what side of a credit card transaction you are on, it’s likely you have a basic understanding of the process. The card is run, it’s either approved or declined, and a day or so later the customer has a new charge on his card history, and the business receives the funds. On the surface, merchant credit card processing is that simple. But peel back the layers and it gets more complex. To provide a deeper understanding of the entire process as well as elements that can impact it, we’ve outlined three things to know to…

How to Compare Merchant Processing Services

How to Compare Merchant Processing Services

Are you researching merchant processing services? Before you start considering providers, you first need to understand how to compare what is available to you. Merchant processing services differ across providers, and there are certain characteristics and features you should pay attention to when evaluating your options. We recommend considering the following categories when assessing merchant processing services for your business. Type There are two types of providers that offer merchant processing services: Payment Facilitators and Merchant Service Providers. A Payment Facilitator lends out its own merchant account and shares it with all its customers. They have no application process and…

How to Maximize Your Payment Solutions

How to Maximize Your Payment Solutions

Running a business is expensive, just consider all the absolute needs to maintain it: supplies, inventory, staff, space, software, etc. So when it comes to payment solutions, you may as well choose one that checks off more than one box and maximize its use. In order to do that, though, you need to know what to look for in payment solutions and how to use those extensive features for your business’s benefit. Opt for All-In-One Payment Solutions The ultimate way to stretch your dollar is to opt for all-in-one payment solutions, which will eliminate costs and save you time…