Merchant Account Reserve: What It Is and How Rolling Reserves Affect Cash Flow

Automated Clearing House (ACH) payments are governed by Nacha. When a payment is made, it moves through the ACH network until it reaches the recipient. This type of payment is typically used for direct deposit, automated bill payments, peer-to-peer transfers, and payments to contractors. While the ACH network is extremely secure, ACH fraud can easily […]

If you’ve ever read through your merchant account statement, you’ve likely noticed that the entirety of your company’s transactions doesn’t end up in your bank account. Instead, a merchant discount rate (MDR) is pulled from the payments before the final amount is transferred into your merchant account. To maintain your company’s profitability, it’s essential to […]

Normally, companies process transactions in their merchant accounts. However, payment processing carries risks for the payment processors. Because of this, many merchant account providers do not want to work with a company that has a higher risk profile. If your business has had a high rate of chargebacks or fraudulent transactions, you may struggle to […]

Mail Order/Telephone Order (MOTO) payments first came out in the early to mid-20th century. At the time, mail order catalogs needed a way to accept payments that didn’t involve waiting around for a check to arrive in the mail. The invention of MOTO payments greatly facilitated the growth of mail order catalogs and phone orders. […]

Having the right salon credit card processing system is essential if you want your business to operate smoothly. Thirty years ago, beauty salons could reasonably expect many of their customers to pay with cash or checks. Today, the majority of your clients want to pay with a card or mobile wallet. By making sure you’re […]

When you’re shopping for a product, it’s annoying when an entirely new tab pops open each time you click on an item. By the time you finish shopping, you can easily have a dozen tabs running. Worse still, many companies deliberately have their systems set up so that a new tab appears when it is […]