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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.READ MORE
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.READ MORE
We all know the trope “with great power comes great responsibility.”READ MORE
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?READ MORE
When a customer buys a coat and decides he no longer wants it, he can visit the store and return the jacket to receive a refund. Seems simple enough. But what about when the purchase is for a service, like a deposit for a medical procedure? There’s no item to return, so the customer doesn’t have a good reason to visit to the clinic if he decides he no longer wants to go through with the procedure.READ MORE
“Virtual” and “terminal”: two fancy words that describe something that’s rather simple. Virtual Terminals offer all the functionality of old-school processing terminals but record information digitally, as opposed to on physical paper.READ MORE