The successful operation of a food truck depends on many factors, but one of the most important is speed of service. 81 percent of all transactions are cashless, so having an efficient means of accepting credit cards is one of the best ways to keep your line moving.
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Recently, the use of virtual credit cards (VCCs) has become a popular means of paying for goods and services online. VCCs are temporary credit card numbers that allow a consumer to complete a transaction online without providing their real account number. This can add an extra layer of security to purchases involving credit cards.
Before you decide to go with one merchant services provider or another, it is important to have an honest and thorough discussion. The right fit is crucial in helping your business save time, money, and stress in the long run. Asking the right questions is a great place to start, and a good merchant services provider should have no reservations addressing any of these concerns.
ACH payments are a popular means of transferring funds, especially for small businesses. But what, exactly, is an ACH payment, and how is it processed?
In the past, Colorado was one of only a handful of states that banned surcharges on credit card transactions. In 2021, Governor Jared Polis lifted this ban and signed a new law which permits surcharges and details how they should be implemented. The law officially takes effect July 1 of this year. Knowing what to expect will help both business owners and customers adapt more smoothly.
E-commerce is vulnerable to fraud, and knowing the warning signs will help business owners avoid being victimized.
The ability to accept electronic payments, especially credit and debit cards, is essential for most contemporary businesses. These payments are convenient and secure, and allow both the company and customer to keep instant track of financing through online maintenance. They also cost the business owner. While they are almost always worth it, many businesses may wonder if they are paying too much for merchant services.
The medical industry has traditionally relied on paper billing for its services, and many providers report it can take a month or longer to be paid. The ability to accept credit cards is crucial in streamlining the process and has been shown to increase both office and patient satisfaction.
Having your merchant account denied is rare, but it does happen on occasion. These are the top reasons merchant account providers deny an application.
The COVID-19 pandemic has greatly impacted the way businesses operate, and payment processing is no exception. In addition to transitioning goods and services online and accepting remote payments, contactless payments have become essential in allowing in-person business to resume.