24May

4 Convincing Reasons to Accept Multiple Forms of Payment

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We’ve all been there: you’re at a mom and pop shop. You walk up to the register, you’re ready to make a purchase and… they only accept cash. With no cash on hand, you leave empty-handed and the merchant loses out on a sale. A new or small business owner may be cautious about the
18May

Payment News: Coupons are Still Widely Popular

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Small retailers and restaurants are always searching for ways to improve the customer experience and entice customers to keep shopping. Last month on the blog, we talked about listening to your customers. But sometimes, the most valuable data comes from sheer numbers. Recently, Valassis Communications, a media company in North America, conducted a survey on
08May

Is Your Business Franchise-Worthy?

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Is your business at a point where you’ve considered franchising? It’s a good profit-bearing practice that takes the stress out of dealing with investors. On the other hand, it can be difficult to know whether you or your business is truly qualified to franchise. Here are some qualifiers to consider: Marketability for franchising Your business
28April

Map of How Credit Card Processing Works

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70% of consumers use at least one credit card and most merchants accept them, but how many of us know what happens after we swipe or dip? Below is a simplified map of the credit card processing path that your money travels.
25April

3 Ways to Cut Unprofitable Business Operations

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Now that April is in full swing, it’s time for a spring cleaning. That applies to your closet and your small business operations. Usually, the end of the calendar year is when companies conduct employee reviews and start assessing the upcoming year’s budget. But what better time than spring to cut out your least effective
18April

Working Capital Solutions for Small Businesses

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Working capital is defined as a company’s current liabilities subtracted from its current assets. It serves as a measure of financial health for small merchants. Why? The most obvious reason is that working capital indicates how capable a business is to pay for day-to-day operations and meet short-term financial obligations.
10April

The 3 E’s of Customer Involvement

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Customers are indispensable. They produce sales, which improves your brand image. Not to mention, they pay the bills.
27March

Why False Positives Happen in Fraud Protection

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Fraud prevention is taken seriously in the payment processing world— so seriously, that sometimes innocent people are stopped in the middle of a transaction, a phenomenon called a “false positive.” There are several steps in the process of an online transaction. Say you’re shopping online and you decide that you want to buy something. First,
23March

Payment Trends: What are Person-to-Person Payments?

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What are person-to-person payments? (Also known as peer-to-peer or P-to-P payments) Think of all the times you’ve split a restaurant bill, or owed the neighbor for watching the dog, or just wanted to send a few bucks to a friend for their birthday. These are all examples of person-to-person payment transactions. It’s as simple as
14March

4 Strategies for Pricing Products

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As a small merchant, you probably try to play it safe when it comes to a pricing strategy. You may not realize that there are hundreds of approaches to pricing— from the basic markup to more psychological approaches. (Only $19.95!) Different types of businesses will naturally price products differently: a boutique is going to have