Credit Card Processing

Staged Digital Wallet Fees

In March of 2017, Visa announced a staged digital wallet fee that will take effect in April of 2017. This comes well after Mastercard imposed a similar fee in 2013. Visa’s fee could result in higher interchange costs for small businesses. Which wallets does this affect, and will your business pay more to take digital…

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Until recently, a business accepting a digital wallet payment was charged the same rates as they would be for accepting a physical credit card. Now, Visa is changing the rules for certain digital wallets, called “staged” digital wallets.

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Credit Card Processing

International Credit Card Processing

We’ll break down the fees you’ll need to pay for taking payments in different currencies. In this article, we focus on popular “flat rate” payment providers in the US including Braintree, Authorize.net, PayPal, Stripe, and more. In some cases, it may be less expensive to take international payments with an interchange-plus processor. Note that this…

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If you run an ecommerce website or another type of international business, you’re probably taking payments from people all over the world. If that’s the case, you need to know what your payment provider is charging you.

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Health and Fitness

RhinoFit Gym Management Software Review

Here’s one of those multiple name/company situations. RhinoFit is a DBA of a company called Gulf Management Systems. Gulf Management Systems is an agent of a company called Strategic Payment Systems. Strategic Payment Systems is a registered independent sales organization (ISO) of Wells Fargo and of First National Bank of Omaha. Confused yet? Basically, that…

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RhinoFit offers cloud-based gym management software for fitness businesses.

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Credit Card Processing

Pros and Cons of Cloud-Based POS Systems

Cloud computing has been all the rage the past few years. According to Forrester research, annual worldwide public IT cloud services spending has grown from $47.4 billion in 2013 to $107.2 billion in 2017. Software companies in both the B2B and B2C sectors are increasingly pushing toward cloud-based, software-as-a-service business models, but is it really…

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Cloud-based POS systems are everywhere these days. Let’s look at the pros and cons of moving to the cloud.

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Business

6 Reports Every Small Business Needs to Use

Data reporting is a vital part of business – without it, how do you know how you’re truly doing? By running reports in the morning and at night, you get a glimpse of how much inventory you have on hand, daily sales totals, and more. This information should drive your budgeting, resource allocation, marketing efforts,…

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We put together this list of the most important reports to be running at least once a week, if not more.

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Accounting and Finance

Intacct Financial Management Software Review

Intacct financial management software is specially designed for larger businesses. In this review we’ll explore what it can do, share what others are saying, and help you make an informed decision about whether it’s right for your business. Intacct Financial Management Software Overview Intacct describes itself as “Enterprise Resource Planning (ERP)” software—it’s clearly aimed at…

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If you’re a larger business—either in the enterprise space, or with more complex financial needs, you need a heavy-duty accounting solution.

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Security and PCI Compliance

7 Steps to Achieve and Maintain PCI Compliance

Some businesses aren’t sure where to start with PCI, while others struggle to sustain PCI compliance over time. If you’ve tried searching for information, you know that the articles available are often confusing, incomplete, or overly technical. Some may not even apply to your business type or industry. So what’s the trick? Understanding what you…

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For many organizations, achieving and maintaining PCI compliance can be difficult and time consuming.

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Business

How to Start a Successful Customer Loyalty Rewards Program

What you might not know is how to start a loyalty program, or if it’s really necessary for your business. We’ll tackle all of that in this guide, giving you insight into loyalty and rewards to help you choose the right fit for your business without breaking the bank. The Case for Loyalty Programs Common…

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You don’t need to be told what a customer loyalty program is – from frequent flier miles to buy-5-get-1-free coffee deals, these programs drive value-savvy customers into businesses and create long-term benefits in the form of returning customers.

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