Take Online Orders and Payments!

Angela HudginsCredit Card Processing/ Merchant Services, UncategorizedLeave a Comment

Taking payments with an app!

In the current and post COVID era, consumers demand fewer people interactions and more convenient ways to order, pay, and pick up items. All over town, we see signs with phone numbers encouraging customers to call in orders. But even the phone is time-consuming for consumers getting busy signals and time-consuming for merchants who have to pay staff to answer the phone. Time is money. … Read More

Options and Resources for COVID-19 Business Relief

Angela HudginsAffiliate Partnerships, UncategorizedLeave a Comment

COVID-19 Relief

We understand that this is a trying and uncertain time for small businesses. COVID-19 restrictions have made things difficult with ever changing rules and regulations. Many businesses are struggling to stay afloat but fortunately there are several measures being implemented at both the state and federal level to help ease the economic burden on business owners. We are happy to share some of these options … Read More

Payment Processor Scam #3 Against Merchants – Lack of Service and Lousy Support

Angela HudginsScams Against Merchants, UncategorizedLeave a Comment

Lousy Service

In previous blogs, we talked about Scam #1, the Fraud of Lack of Disclosure, and Scam #2, the Scam of Raising Rates. The third scam against merchants is the lack of service, which I call 1-800-IGNORE- ME. The credit card processing salesperson mostly focuses on rates and supposedly how much they will save you. But a hidden fee is the lack of service and support. … Read More

Payment Processor Scam #2 Against Merchants

Angela HudginsCredit Card Processing/ Merchant Services, Scams Against Merchants, UncategorizedLeave a Comment

In a previous blog, we talked about Scam #1, the Fraud of Lack of Disclosure. Some merchant processing salespeople leave out significant rates and fees in their quotes. If you haven’t read that blog, click here. A second scam that processors commit against merchants is the scam of raising rates. Their salespeople don’t mention this to their prospects. Embedded in the 30 page, small print, … Read More

How Can I Reduce My Credit Card Processing Fees?

Angela HudginsCredit Card Processing/ Merchant Services, UncategorizedLeave a Comment

Reducing Credit Card Fees

How Can I Reduce My Credit Card Processing Fees? 1. You can reduce your rates by swiping a card versus keying it into a terminal or virtual terminal or online at an eCommerce site. When the card is swiped and present, the chances of a chargeback are lower. Therefore, the bank issuing card associations assign a lower rate to that swiped card than to a … Read More

PPP Loan and Taxes

Angela HudginsPersonal Stories, UncategorizedLeave a Comment

PPP Loan and Taxes

We wanted to share some information regarding tax liability on PPP loans with our small business community. We are passing on this information gathered from consulting with our accountant, doing a preview of our tax liability for 2020. We received a PPP loan. Our accountant informed us that we need to pay taxes on the money according to the current tax law. However, we plan … Read More

Payment Processor Scam #1 Against Merchants

Angela HudginsUncategorizedLeave a Comment

Scam Alert

It is scandalous to me that some who represents a financial institution like a merchant services processor would lie, trick and scam a prospective merchant for its services! But this appears to be the norm. Electronic Money Company is definitely the exception in the industry. Scam #1: The Fraud of Lack of Disclosure At the start of a conversation with a payment processor, always the … Read More

How to Compare Quotes for Credit Card Processing Rates!

Angela HudginsPersonal Stories, UncategorizedLeave a Comment

The answer is very carefully, and watch out for hidden fees not represented. Here is my most recent story about rate comparing. A client, who owns two businesses, asked me to get with his accounting person to set up his third business. I thought I would be getting a new application ready immediately, but here was the challenge. The owner who referred me had no … Read More

Attention Merchants: Shopping and Purchasing Habits Changed by the COVID Pandemic

Angela HudginsUncategorizedLeave a Comment

Increase in Online Shopping: Stores are closing and those open have limits on numbers of shoppers as a COVID response. Merchants who have not yet focused on an Ecommerce site for their products and services need to pay attention. Payment processing can be integrated to shopping carts safely and securely. Add this to your current brick and mortar merchant services. Market to in-store shoppers to … Read More

Deciding between an LLC or a Sole Proprietorship

Angela HudginsUncategorizedLeave a Comment

Occasionally we like to share some tips with our business partner, Law 4 Small Business. This week we wanted to share a quick Q&A with L4SB regarding choosing a business entity.  EMC: How would you define a Sole Proprietorship?  L4SB: “The sole proprietorship is what happens when an individual doesn’t create a business entity. It is historically the first method of doing business. An individual … Read More