As a company, you invest a significant portion of your time and resources into customer acquisition. From advertising your products to cold calling leads, your marketing costs are a major investment. The last thing you want to do is waste all of your marketing effort on failed payments. It doesn’t matter how many customers walk […]

If you’re considered a high-risk merchant, getting a merchant account set up can take time. It can take anywhere between a few days and a few weeks to set up your account. While there are many ads boasting high-risk merchant account instant approval, the reality is that this just isn’t possible.  Instead, most of these […]

Fraud is a major problem these days. Of course, it’s been an issue for a while, but with the sophisticated technology we have at our disposal, fraudsters find more opportunities to wreak havoc. This situation has pushed financial institutions and payment processors to do more to protect businesses and customers, leading to the birth of […]

There are many different types of payments that flow through payment processing systems every day, in fact, every single minute. Many of those are B2B payments, keeping the commerce industry ticking along. Many of those are B2B payments, keeping global commerce moving. According to 2024 NACHA data, the ACH network alone processed $58.24 trillion in […]

There’s a common misconception that small businesses are just mini versions of larger ones. People assume they run the same way, just scaled back, and that what goes on behind the scenes is relatively similar.  If you’re a small business, you’ll know that’s certainly not true. Small businesses need their own specialized and tailored approaches […]

You’re about to open a business, and you’re full of excitement and hopes for the future. It’s a great time, for sure, but there are many boxes you need to tick. Don’t allow your excitement to cloud what really needs to be done! For instance, your first priority should be learning how to register a […]

If you’re a small business, you face a few more obstacles when it comes to payment processing compared to large organizations. That’s not to say you don’t have options, but many are designed for big corporations, or at least medium-sized businesses with far more employees.  For many, that’s where Square comes into the equation. The […]

When you make a payment – personal or business – do you think much about what goes on behind the scenes? Probably not, and you’d be in the majority for thinking that way. Yet, the truth is quite surprising – the payment processing industry is booming; in fact, in 2023, around $1.8 quadrillion was handled […]

As a business, you want every customer to be completely satisfied with their purchase. However, even when you have the best quality of products and services, there are times when customers decide to get their money back. Depending on the circumstances, this may lead to a chargeback or refund. For merchants, these transactions can quickly […]

When you’re wrapping up your MBA and starting a business, a lot of the focus is on lowering your overhead costs, paying attention to variable costs, and tracking your bottom line. Often, entrepreneurs forget about the many fees charged by payment processors. However, this forgotten fee can quickly add up. By being proactive about managing […]