Electronic Money Company

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Credit Card Processing/ Merchant Services

Merchant Services Hidden Fees

What is the Newest Hidden Merchant Fee from Credit Card Processors?

The credit card processing industry has upgraded its efforts to protect merchants against fraud.  One of the best advances has been introducing the chipped card versus the older magnetic swipe technology.  That magnetic stripe was easy for fraudsters to extract credit card numbers and even address information to manufacture and duplicate peoples’ credit cards. Chipped cards are challenging for fraudsters to replicate because the transaction

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Scan for Payment Processing

Are We Ready for the Cashierless Grocery Store?

We will find out as Amazon is now opening its first such store in Seattle with its “Just Walk Out” technology.  It is a full-scale grocery store of 25,000 square feet. Cameras detect when an item leaves the shelf and goes into your grocery cart.  Sensors detect all the items in your cart and add up your bill.  Your credit or debit card is automatically

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Debit Card Cash Back

To Offer Cash Back on Debit Card Transactions or Not?

Overall, offering cash back to your customers can be a benefit. 1. It provides a service of convenience for your customers and can develop loyalty and an opportunity to spread word of mouth advertising regarding the convenience. 2. Customers appreciate the ability to add cash to their pocket without an additional trip to the ATM and without incurring the ATM fee. 3. Offering cash back

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supplier

Attention Business Suppliers with Net 30 Terms!

Culture in the business-to-business world has dictated a customary practice of offering buyers net 30 terms or even longer.  Giving buyers 30 days is the same as borrowing money at interest for 30 days.  Maybe a business has enough cash sitting in their bank account, but the slow speed of collecting money owed on invoices has an actual cost. Many suppliers offer a net 10

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Are Restaurant Delivery Services Making Money or Draining Money from Restaurants?

The pandemic brought about significant increases in demand for delivery services as restaurants were forced to shut down indoor dining. Surveys show that 60% of adults and 71% of millennials will want to continue having these options post COVID lockdowns.  However, delivery services cost money, and restaurants are giving up big margins paying the delivery companies to keep their doors open.  Neither the restaurants nor

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Contactless Dining

Contactless Dining!

Contactless Dining encompasses multiple new technologies developed during the COVID pandemic. Consumers have been quick to adopt these technologies because they are convenient and limit the germs they could otherwise come in contact with. One restaurant recently reported that 80% of their sales comes from online order and pick up. One technology needed for contactless dining is an online menu. No more is it necessary

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What is a Hosted Payment Page?

A hosted payment page is a secure and simple E-commerce checkout webpage that can collect credit card payments or E-check payments. Some small businesses only have a small number of products or services that they would like to promote and sell on a webpage. These businesses don’t need a full- blown shopping cart. They can instead use a hosted payment page provided by their merchant

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Payment Processing Gateway

What is a Payment Gateway?

A payment gateway connects the interface device used by a consumer to the merchant’s payment processor. That processor sends the transaction to a processing bank which authorizes the consumer’s credit card payment and sends it back to the processor, who deposits the credit into the merchant’s bank account. Examples of interface devices are credit card terminals, virtual terminals, POS software systems, E-commerce sites, and mobile

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Mobile App for Home Services Software!

Put your home services business on autopilot. Nothing beats taking orders while you sleep with online booking. Except for maybe online payment processing connected to those orders. But how about having an easy mobile app that integrates to your CRM software and manages your crew for you? Here are some must have features: 1. Managing crew with GPS routing to save time and dollars. 2.

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