“Business Tips” Posts

3 Reasons to Add Debit Card Processing to Your Business

3 Reasons to Add Debit Card Processing to Your Business

According to CreditCards.com, more Americans than ever before are using credit cards as their sole payment method. But if you think the surging popularity of credit cards means that your business can afford to bypass offering customers other payment options, you should think again. There are some compelling reasons you should not overlook adding debit card processing to your business, too. How Do Debit Cards Work? Credit cards and debit cards might look the same and both fulfill the function of enabling payment from cardholders to your business. But credit card and debit card transactions work differently, and the…

How to Choose the Best Merchant Service Provider

How to Choose the Best Merchant Service Provider

Are you just starting your business? Do you want to expand to have an online presence? Does your business have multiple locations? No matter your current business size or the future you see for it, there’s a Merchant Service Provider that will fit your business. The challenge is how to choose the best one. In this post, we will discuss the ideal pricing plans and features you should get out of your Merchant Service Provider based on your business size. Merchant Service for Small Businesses Whether you’re just starting out or you run a mom-and-pop shop, it’s…

Credit Card Fraud in America Today

Credit Card Fraud in America Today

According to the most recent Nilson Report, $24.26 billion is lost worldwide to credit card fraud on an annual basis, which is comparable to the Gross Domestic Product of nations such as Iceland and El Salvador. As alarming as these numbers may be, it is important to take an even closer look at the state of credit card fraud in America today. As the leading country in the world for credit card fraud, 38.6 percent of those losses were reported in the United States, amounting to $9.36 billion a year. The Importance of Understanding Credit Card Fraud…

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…