Industry Insights

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A Brief Guide to the 1099-K Form

By February 22, 2019


When you begin accepting credit card payments, you open your business to a greater stream of revenue, but it comes with a few extra complications. In addition to handling the day to day maintenance of your merchant account, you also need to make sure you are complying with IRS rules …read on to learn more.

 

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Frequently Asked Questions

By February 22, 2019


Opening a merchant account is a big step for your business, and with an industry this intricate, it’s natural to have a few questions. To help you get started, here are a few of the ones we get often:…read on to learn more.

 

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Lower Rates for B2B Companies

By February 22, 2019


Credit card processing fees have become as inevitable as death or taxes. If your business accepts credit cards, you can expect a significant portion of your revenue to be taken out of your merchant statement at the end of each month. But if you deal in business-to-business (B2B), there may be a way to lower your rates as much as 1% …read on to learn more.

 

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How to Ensure Your Credit Card Processing is Secure

By February 21st, 2019


When a customer hands you their credit card, they are giving you more than just a piece of plastic—they’re handing over their personal information and account details for the credit card, making them vulnerable to data breaches and identity …read on to learn more.

 

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A Guide to Understanding Credit Card Fees

By February 21st, 2019


Accepting credit cards is a crucial way to increase your revenue and help you attract more customers, but the inevitable fees can also cut into your sales to the point where it’s difficult for your business to make a profit. …read on to learn more.

 

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Firearm Merchant Accounts

By January 18, 2019


The firearms industry is growing, with over 11 million firearms manufactured each year in the United States and more than 40 percent of US households owning a gun. With an annual economic impact of more than $50 billion, …read on to learn more.

 

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E-Cigarrette Merchant Accounts

By January 18, 2019


E-cigarettes and vaping are rapidly growing industries with sales increasing every year, from $2.35 billion in 2016 to $2.9 billion in 2017, and e-cigarette sales are expected to exceed tobacco sales by 2026. …read on to learn more.

 

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Merchant Accounts for Cigar and Tobacco Businesses

By January 18, 2019


Cigar and tobacco sales remain a significant part of the US economy. Cigars alone amounted to $8 billion in sales in 2017, and over 12 billion cigars are sold every year to consumers, with projections to increase over the next three years. …read on to learn more.

 

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Jewelry Merchant Accounts

By January 18, 2019


Fine jewelry is an industry that continues to grow every year, with over $17 billion in sales in 2018. Specialty jewelers account for more than 43 percent of the industry’s total sales, but despite these trends, many processors are hesitant to work with these businesses. …read on to learn more.

 

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Golf Equipment Merchant Accounts

By January 18, 2019


With $6 billion spent on equipment, apparel, and supplies in 2016 alone and the number of new golfers rising in recent years—from 1.5 million in 2015 to 2.5 million in 2016—golf is a significant part of the US economy. …read on to learn more.

 

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Cannabis Merchant Accounts

By January 17, 2019


Opening a merchant account as a cannabis retailer is challenging to say the least. Finding a processor that will board your account and offer you fair rates? Nearly impossible …read on to learn more.

 

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Payment Technology for Restaurants

By January 8, 2019


Running a restaurant isn’t like other businesses. It comes with unique challenges and requires more than just a great product—you need a team that works together seamlessly …read on to learn more.

 

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Salons: How Your Payment Processing Can Help your Business

By January 8, 2019


Running a salon comes with its own set of challenges, and the last thing you should have to worry about is your payment processing. That’s why choosing the right equipment along with the right processor is so important. …read on to learn more.

 

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Is the Cash Discount Program Right For Your Business?

By August 31, 2018


Chances are you’ve heard of the cash discount program, but do you know how it can help your business? If you’ve ever wished for a way to lower your monthly fees, if processing fees are cutting your profits to nothing, the cash discount program may be just the solution for you! …read on to learn more.

 

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What you MUST know about EMV and why you MUST comply

By August 14, 2015


The EMV (Europay, MasterCard, and Visa) chip and pin standards become mandatory on October 1, 2015 for all United States businesses that accept card payments. Businesses have less than two months to comply, and recent reports indicate that not only are businesses lagging to meet …read on to learn why.

 

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The Curious Case of Cuba, America, and Commerce

By April 17, 2015


The buzz surrounding the seemingly impromptu restoration of American and Cuban relations has been a constant, with the most recent update, as of April 2015, involving the official removal of Cuba from the US’s State Sponsors of Terror List. Businesses and consumers throughout the United States and Cuba are gearing up quickly to begin what is sure to be a mutually …read on to learn why.

 

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Success as a Merchant Service Sales Agent has never been harder, or easier, depending on your approach

By March 16, 2015


All independent sales agents know the dedication and frustration that comes along with growing and retaining merchant accounts. You have to have thick skin, tenacity, flexibility, and stamina. But, while acquiring new merchant accounts or maintaining current accounts are challenges in and of themselves, the recent influx of sales reps, and even other payment service companies, into the market have made things more difficult by increasing competition. …read on to learn why.

 

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New Fraud Concerns over EMV Standards Contribute to Slow Compliance Rates

By March 9, 2015


With only several months until the mandatory deadline, the new Europay, MasterCard and Visa (EMV) chip and pin standards have been met with dismal compliance by U.S. merchants, and recent news reports that EMV could actually increase application fraud are not helping. The new EMV standards, which US businesses must comply with by October, are supposed to increase security against credit card fraud. …read on to learn why.

 

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Why Your Merchant Service Company Can Help (or Hurt) Your Business During Tax Season

By February 20, 2015


If you accept card payments, which you most likely do, then you know you must file a Form 1099-K to the IRS; but what you may not realize is that your payment processor can actually assist you with this confusing document, as well as other mandatory tax forms. Conversely, if you have a sloppy processor, you may find yourself in a world of hurt with the federal government…read on to learn why.

 

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