Some point of sale systems and credit card machines are now able to adjust for tips after the card is run, but others cannot. How will the process of tipping change with EMV chip cards? EMV Gratuity Variations by Card Type If some cards will still work why should I change our tip process? How…
The EMV liability shift is bringing many changes to credit card acceptance, but there’s one major difference that restaurant owners should be aware of: accepting gratuities.
What to Expect First Things First Forget About It! It’s Easier Than You Think There Are No Dumb Questions First Things First Credit Card Processing Ecosystem Where’d Your Money Go? Processor Pricing Models,?Where Things Get Interesting How to Compare Credit Card Processors Keeping Costs Low About CardFellow Resources What to Expect CardFellow’s Guide to Credit…
Here’s a comprehensive, unbiased, no-nonsense credit card processing guide that will help you make sense of the madness that goes on in the processing industry. This guide will show you actionable information on how credit card processing fees work and will allow you to turn the knowledge into dollars duesand cents.
The Basics Interchange Assessments Markup What’s different for non-profit organizations? What is a Merchant Category Code (MCC)? Why are MCC’s important for non-profits? Processing Costs for Non-Profits Pass-Through Pricing Flat-Rate Pricing How do I get a competitive processing solution? The Basics In order to choose a processor for accepting credit cards as a non-profit organization,…
When it comes to credit card processing, non-profits may be eligible for lower rates than other types of businesses.
What is a virtual terminal for credit card processing? What’s the difference between a virtual terminal and payment gateway? What payment types can I accept? What type of businesses could benefit from a virtual terminal? Reporting Are virtual terminals secure? Accessories Costs How do I get a virtual terminal? What is a virtual terminal for…
Businesses that accept payments over the phone, by fax, or through mail orders can securely take credit cards using a virtual terminal, or a web-based portal using any computer with an internet connection.
In business, computers and the internet are making it easier than ever to streamline processes for maximum efficiency. A prime example is electronic invoices, offering the ability to send paperless bills to clients and even accept payment online. Read this intro to learn how to send electronic invoices and take advantage of the time savings.
Sending invoices electronically is a quick and convenient way to bill customers for goods and services they’ve purchased from your company. In many cases, the email invoice will include a click-to-pay button to encourage your customers to pay by credit or debit card right when they receive the invoice.
With consumers now regularly shopping on the internet, it’s more important than ever for businesses to be able to take credit cards online. Securely accepting payments on your website is convenient for customers, and could boost sales.
There are two main methods for taking credit cards online: you can accept orders on your business website, or you can sell through an electronic marketplace.
There are many merchant account providers (commonly known as “credit card processors” or just “processors”) so it’s important to understand what a merchant account entails and what to keep in mind when you apply and while processing. While merchant accounts aren’t free, we’re not going to tackle rates and fees extensively in this article. Instead,…
If you run a business and want to accept credit cards, you’ll need to open a merchant account.
Information provided in this article is for educational purposes only and does not constitute tax advice. For tax advice for your business, consult a tax professional. Paying Fees on Sales Tax What type of businesses does this affect? Can I change how I process transactions to avoid paying fees on sales tax? Passing Fees to…
For every transaction you process that is subject to sales tax, you pay processing fees on the total amount, including the sales tax. Processing fees paid on sales tax can add up quickly, so improperly deducting credit card processing fees paid on sales tax can be a costly mistake, a fact that many businesses that do their own taxes fail to consider.
Use the secrets that credit card processors don't want you to know to drastically lower your credit card processing fees.
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