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Initially called Square Connect, Square’s website now just refers to online payment options with Square. What is Square Online Payments? The Square online payment options lets businesses with self-hosted / existing e-commerce websites seamlessly integrate their site with Square to accept payments and manage business data on a web-based dashboard. Before this option, there wasn’t …
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But as your ecommerce business grows, the features that once made PayPal a no-brainer may begin to hold you back or cost you more. How do you know if it’s time to switch your payment processor for your online business? In this article, I’ll dig into the pros and cons of using PayPal for online …
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Digital wallets are becoming a more popular way for to pay for goods and services. With choices like Apple Pay, Google Wallet, the upcoming Samsung Pay, and even PayPal, there are plenty of options for customers no matter what kind of smartphone or electronic device they use.
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It’s not really as simple as that, though. In actuality, a variety of entities are working behind the scenes, and it’s the card-issuing bank that ends up taking the largest piece of the pie. The more you know about what affects your business, the better armed you are to improve your position in the market …
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The use of cash as the de facto payment option is shrinking, and nearly 40% of Americans favor going completely cash-free. Then, in the summer of 2017, Visa stepped up a “war on cash” by offering businesses money to go cashless. While it didn’t lead to the elimination of cash, it’s nonetheless more common to …
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However, those days are long gone. In early 2017, Visa announced a staged digital wallet fee, which came well after Mastercard imposed a similar fee in 2013. These fees can result in higher interchange costs for small businesses. Which wallets does this affect, and will your business pay more to take digital wallets? Let’s dig …
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Issuing Refunds When you process a refund for a customer who paid with a credit or debit card, your credit card processor reverses the sale and the customer is credited for the original purchase price. There typically won’t be an additional processing fee to issue the refund, but whether you get your original processing fee …
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It goes without saying that abruptly losing your ability to accept credit cards can be majorly disruptive. With many consumers choosing to pay by card and still many others not even carrying cash, cards are a key factor for today’s business owners. Let’s take a look at what causes processors to freeze or close your …
