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Business Tips

Closed vs. Open Loop Payments

With all of the daily tasks that small business owners must perform, the intricacies of accepting credit cards, debit cards, and other electronic payments are often lost in the mix. Yet we believe that a fundamental understanding of basic merchant service terms

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Business Tips

What are Digital Wallets?

Digital wallets, also sometimes called e-wallets, are one of those terms used in modern finance that nobody ever seemed to bother explaining. Digital wallets essentially replace or condense traditional information such as banking information, card information, and can even be used alongside

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Business Tips

The Problems with Leasing a POS System

Point of sale systems, often referred to as POS, are integral to a small business. Not only is this where businesses actually make the money, but where relationships and perceptions are born while customer and seller interact. A point of sale system

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Business Tips

Mobile Apps for Accepting Credit Card Payments

Mobile payment solutions are becoming more and more common by the day. Mobile payment hardware and software solutions enable small businesses and independent contractors to process credit card and debit card payments on the go. As with most mobile solutions, there are

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Business Tips

Understanding Cash Tips vs. Credit Card Tips

Cash-only businesses are becoming less and less prominent, but cash tips remain quite common in restaurants, salons, hotels, and many other industries. When tips can be left with credit cards, debit cards, or in cash, understanding exactly how different tip methods affect

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Business Tips

What is a Virtual Terminal?

Feel free to add virtual terminal to an ever-expanding list of merchant services terms that get tossed around with minimal explanation. In a world where most business owners are more concerned with their products and their customers than knowing how credit card

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Business Tips

How Credit Card Companies Make Their Money

Credit card companies make a lot of money. Most of us understand that using these pieces of plastic comes with a price tag, but how exactly do they make that money? The answer can vary dramatically from credit card to credit card

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Business Tips

Biggest Security Concerns for Small Businesses

There is a common misconception that fraudulent activities hit large companies the hardest. In reality, scammers, defrauders, hackers, and other harmful individuals will prey on any vulnerable organization. While larger companies may have bigger targets on their backs, smaller businesses are actually

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