Why Your Regular Customers Are Worth 6X More—and How to Get More of Them

Your Regulars Are Worth 6X More — Here’s ”Where” You’re Ignoring Them

Let me tell you something every business owner needs to understand if you want to grow your revenue without constantly chasing new customers. Your regular customers are everything. New data shows that repeat customers generate six times more revenue than one-time or occasional shoppers. Six times. That’s not a small difference—that’s the difference between struggling month to month and building a predictable, growing business. And

The #1 Reason Small Businesses Are Ditching Big Name Credit Card Processors for Good

How do you feel when you call up a company that sold you a product or service because you have a question; a concern; you have a gripe; something is not working right; you don’t understand the billing; or for whatever reason you need to speak to a live human. Do you like it when you have to listen to a bunch of prompts, of

How to Uncouple Your Payment Processing from Your POS System and Save Thousands Every Year

If you’re running your business on a POS system that “comes with” its own payment processing, there’s a good chance you’ve felt it… those rates creeping up, support getting slower, and the sinking feeling that you’re stuck. You’re not alone—and more importantly, you’re not as locked in as you think. Let’s talk about what’s really going on, and how to fix it. A lot of

ISV Payment Processing Strategy Featured Image

ISV Payment Processing Strategy: How the Right Partner Boosts Revenue & Client Retention

Adding payment processing to your software matters tremendously because of the added revenue for your software company. What matters also is your choice of processor. Gingergaye here with Electronic Money Company. Today I am going to discuss why choosing the right payment partner up front with a strong relationship manager sticks your software customers to you long term while allowing you to focus on software

Why Roofers and Contractors Are Adding ACH to Their Dual Pricing Strategy to Save Thousands

Many businesses today are adopting dual pricing as a way to control rising credit card processing costs. Instead of absorbing the fees themselves, merchants offer customers two prices — a cash price and a card price. Customers who pay with credit cards cover the processing cost, while those who pay with cash avoid the extra fee. If your business processes large transactions, you can offer

Why ISVs Make More Money from Payments Than Software (Full Breakdown)

Many ISVs initially think they are in the software business, but the real profit often comes from payments. The Revenue from Payment Processing Outperforms the Software Revenue Here’s how the revenue model of payment processing works. The fees that the merchant pays to accept credit and debit cards are comprised of the following: The banks who issue the cards to consumers earn the wholesale interchange

How to Save Thousands on B2B and B2G Payment Transactions featured image

Visa CEDP Changes Explained: How to Save Thousands on B2B and B2G Payment Transactions

If your business accepts a lot of corporate or government credit cards, a major change is happening in the payments industry. Depending on how you handle transactions, this could either increase your costs—or help you save significantly. What Is CEDP? CEDP stands for Commercial Enhanced Data Program. It’s Visa’s new system for determining which B2B transactions qualify for lower interchange rates. Why Visa Introduced CEDP

Understanding New Visa Rules for B2B and B2G Merchants in Order to Save Huge $ on Rates

What Is CEDP? CEDP stands for Commercial Enhanced Data Program. If your business accepts a lot of corporate purchasing or government credit cards, there’s a major change happening in the payments industry that could either increase your processing costs or reduce them significantly, depending on how you handle transactions. How CEDP Works Visa has introduced this new framework, CEDP. Merchants that process B2B transactions and

Epos Now POS Features Explained featured image

Epos Now POS Features Explained (Part 2): Payroll, QuickBooks & Delivery Integrations

Are you overwhelmed with options for a POS System for your business? One POS system that continues to stand out for many merchants is Epos Now. I’ve worked with many POS solutions over the years, and what I like about Epos Now is how simple it is for a business owner to get up and running while still having the advanced features needed to grow.

Why EPOS Now POS Systems Are a Smart Choice for Modern Businesses – Part 1

If you’re a business owner looking for a point-of-sale system, you’ve probably noticed there are a lot of options out there. Some are complicated. Some are expensive. And some require weeks of setup before you can even start taking orders. One POS system that continues to stand out for many merchants is Epos Now. I’ve worked with many POS solutions over the years, and what

Save a Ton of Time and Money with a Tablet POS!

Click here to watch the video Many merchants are still operating with a cash register and a credit card terminal. Today, I want to talk to you about the exponential return for a very little investment in a point-of-sale tablet solution. Many merchants are operating with a cash register and a credit card terminal. A step up to a POS is small monetarily but huge

Eliminate Your Merchant Services Fees with Dual Pricing!

Click here to watch the video What is difference between Surcharging, Cash Discounting and Dual Pricing? And why are merchants choosing one of these pricing methods in regards to credit card processing? Surcharging has been around a while. Visa/MasterCard allow certain merchants to add fees on top of their prices so as to pass the fees onto the merchant. This is only allowed when the

Application Process for Cannabis Pin Debit Payment Processing

Click here to watch the video What is the application process for a cannabis dispensary to get set up with a PIN debit merchant account? Cannabis dispensaries cannot do credit cards. They’re not federally legal, but they can get a PIN debit merchant account. The process is a little bit more lengthy than for regular non-dispensary merchants who open a credit card processing merchant account,

How to Close a Merchant Account and Stop the Fees!

Click here to watch the video How do you close a merchant account? Maybe you’re closing your shop. Or maybe you’re just switching credit card processors. But closing a merchant account is very similar to closing a bank account. I’m Gingergaye with Electronic Money Company. You can’t just call up the processor and say, “Hey, I’m closing my account”. They want to see the signature

Here Is The Application Process For Getting A Merchant Account

Click here to watch the video Gingergaye here with Electronic Money Company. Let’s talk today about what’s the process is to get an application for credit card processing. First of all, the application has to be signed by the owner or an officer of the company and if there are multiple owners, anybody owning 25% or more has to sign that application. What kind of

Can You Put 2 Merchant Accounts in 1 Credit Card Terminal?

Click here to watch the video Can a credit card terminal be set up to handle 2 merchant accounts? Yes! If you have different types of businesses operating in the same location, yes, you can take payments for both businesses with one credit card terminal. Both merchant accounts will be downloaded into the terminal and the first question on the terminal during a purchase will

Blend of Our Most Watched Video Shorts on Merchant Services!

Click here to watch the video These 5 short videos are blended together to offer the best of advice for merchants looking for a new merchant services processor: How To Choose A Credit Card Processor at 00:14 – Full video: https://youtu.be/GwtfgTu3NDU Options for Credit Card Processing – Tip Line at 01:15 – Full video: https://youtu.be/T_nKY9QDSwQ How To Prevent Credit Card Chargebacks at 02:08 – Full

How to Reconcile your Credit Card transactions to your Bank deposits!

Click here to watch the video Standard Operating Procedures Reconciling Credit Card Transactions Credit Card Terminals print out a receipt for the customer and a merchant copy with a signature line for the customer to sign. The merchant is encouraged to save every signed receipt. Most merchants put them in the cash drawer until the end of the shift or day. At the end of

Requirements for Cannabis Dispensaries to Get a Payment Processing Merchant Account!

Click here to watch the video Today I want to talk to you about the requirements needed in order to open up a merchant account for true PIN debit payment processing. True PIN debit is fully legal and compliant. Just like cash, the debit card cannot be charged back. The requirements to open a merchant account are very similar to the requirements for opening a

3 Benefits to True Pin Debit for Cannabis Dispensaries!

Click here to watch the video I want to talk to you about the three main benefits of true PIN debit payment processing for dispensaries. Listen to all three, because the third one saves you a ton of money. The first benefit is that PIN debit is fully legal and compliant. The cashless ATM was fraudulent. It was posing as an ATM machine, but really