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Newtek Payments is tailored to enhance business profitability while effectively cutting costs. This robust payment system is specifically designed for retail, mobile, and ecommerce operations, boasting top-of-the-line security features. By harnessing the benefits of zero-...

Nothing comes for free. Credit card transactions that seem convenient for customers who do not want to pay through cash come with an interchange fee, also called a swipe fee. Every transaction that’s made through a credit card be it MasterCard or Visa, comes with a fixed s...

Many new businesses experience difficulty in managing their finances and keeping on top of their bookkeeping responsibilities. The most common reason behind this lag is the absence of compatible accounting software to streamline several business ope...

The restaurant sector has experienced a notable evolution lately: the transition towards an exclusively digital payment system. This development encompasses eateries choosing to only take electronic forms of payment like Read More

What is POS Reporting?

Definition: POS (Point of Sale) reporting involves collecting, analyzing, and interpreting data from a business's POS system. This data includes transaction details, inventory, Read More

QuickBooks, a product of Intuit, is an all-inclusive financial management software designed to meet the needs of small and midsize businesses. It encompasses a plethora of functionalities, including the acceptance of diverse payment types from clients. QuickBooks Payments is...

Efficiency is the game's name in the dynamic and competitive business world. Regardless of their size or industry, companies constantly seek ways to streamline operations, reduce costs, and improve productivity. One area often poses a significant challenge for businesses is ...

Platinum Payments Merchant Services, generally known as Platinum Payments, is a Utah-based merchant account provider headquartered in Ogden. Established in 2010, the company is an acknowledged ISO/partner of Elavon, outsourcing its services and merchant accounts. It believes...

With the rise of eCommerce, businesses of all sizes increasingly rely on credit card processing to keep up with transactions. Chyp Credit Card Processing is one such service that comes in to facilitate the payment process for merchants and customers alike. Various features a...

What is restaurant automation?

 Restaurant automation is applying technology to automate various tasks and operations in a restaurant setting. This can encompass multiple activities, from customer ordering and payment processing t...

What is an iPad POS System?

An iPad POS system is a digital platform that allows businesses to conduct and manage sales transactions using an iPad. It transforms an iPad into a mobile cash register, enabling companies to accept payments, track sale...

A verified ISO of Wells Fargo Bank, Paynada Credit Card Processing is a Texas-based merchant account reseller headquartered in Plano. Initially operating as TranzVia since 2018, the company is an industry-leading credit card processor offering innovative solutions for client...

Allied Wallet Credit Card Processing is designed to help businesses accept credit card payments. The service offers an array of features and services to help merchants maximize their profits and streamline their operations. At its core, the company offers businesses access t...

Shopify has emerged as a formidable presence in eCommerce, facilitating businesses of all sizes to set up and manage their virtual stores seamlessly. This platform provides various services encompassing product inventory, shopping baskets, safe transaction processing, and ro...

In the digital age, businesses need to offer flexible payment options to their customers. One such option is to accept credit cards over the phone. This method is convenient for customers and opens new avenues for businesses to increase their sales. However, it comes with it...

Grasping the language connected with credit and debit card transactions can be daunting, particularly for those unfamiliar with electronic payment platforms. Picking the ideal payment processing method can be puzzling, especially when differentiating between a payment gatewa...

In today's digital age, credit card fraud has become a pervasive issue that businesses of all sizes must contend with. The impact of such fraud can be devastating, leading to significant financial losses and damage to a company's reputation. As such, businesses must implemen...

Establishing a loyal customer base is highly coveted in online services, as it ensures a consistent revenue stream and generates valuable referrals. Effectively enticing repeat customers entails creating an environment wherein they perceive they’re getting more value than ...

Payment links have emerged as a game-changing tool in online transactions in the last few years. With a single link, businesses can revolutionize how they accept payments, offering customers a seamless and hassle-free experience. Whether you operate an e-commerce store, prov...

Understanding the terms ISO and MSP (Independent Sales Organization and Member Service Provider) is essential for business owners navigating the realm of credit card processing. While these acronyms may seem confusing, they play a significant role in facilitating merchant ac...

Micropayments are a form of small-scale financial transactions that are typically conducted online. They involve transactions with extremely low values, sometimes even as small as a fraction of a cent. The definition of micropayments may vary depending on the payment system ...

Running a small business smoothly necessitates adept management of multiple components, among which a reliable and efficient Point of Sale (POS) system holds significant importance. A POS system that matches your specific business requirements can streamline operations, enha...

Point of Sale (POS) systems, sometimes referred to as Point of Purchase systems, encompasses both the physical devices and the software applications that businesses deploy to handle and oversee sales transactions. They find extensive applications in various commercial settin...

Storing credit card information refers to saving and retaining the details associated with a credit card, such as the cardholder's name, card number, expiration date, and CVV (Card Verification Value) code. This information is typically collected by businesses or organizatio...

QuickBooks POS is a popular software system designed to streamline and automate retail operations. It allows businesses to manage inventory, track sales, process transactions, and generate reports. QuickBooks POS has been ...

  In today's digital age, businesses increasingly offer various payment options to cater to their customer's diverse needs and preferences. Among these options, Card Present vs Card Not Present (CP Vs CNP) transactions are two key categories that businesses need to u...

Biometric payments have emerged as a revolutionary payment method in the digital age, incorporating unique physical and behavioral characteristics of individuals for secure and convenient transactions. In this guide, we will delve into the world of biometric payments, explor...

An Application Programming Interface, commonly known as an API, is a series of guidelines and procedures that allow distinct software applications to interact with one another. It functions as a mediating platform facilitating different software applications to exchange info...

According to a recent report by Fortune Business Insights, the projected value of the Software-as-a-Service (SaaS) industry is expected to reach approximately $717 billion by 2028. This positive outlook is encouraging for both established enterprises and newly established Sa...

In today's digital age, credit card payments have become an integral part of business transactions, whether you run a small online store or a large retail establishment. While credit card processing offers convenience and flexibility, it also comes with processing fees that ...

In the intricate e-commerce landscape, chargebacks are not merely transactional setbacks but can significantly impact a business's financial health and reputation. Excessive chargebacks can lead to severe consequences such as blacklisting by payment processors, increased mer...

Real-Time payments or RTP represent a new phase in the evolution of digital payments, enabling the immediate transfer from one bank account to another. Unlike traditional payment methods, which take several days to process, the transactions are completed within seconds, rega...

Commonly referred to as BPS or bps, basis points serve as a standard metric in the finance sector, with a special focus on the process. They depict alterations in fees, interest rates, and other fiscal percentages. In the context, basis points denote the surcharge applied by...

An acquirer, a merchant acquirer or acquiring bank is a critical component in the credit card processing system. It collaborates with retailers to enable them to accept payments using credit or debit cards. It is a registered member of a card network, such as Visa or MasterC...

"Do Not Honor" is a response code in credit card processing that carries significant implications for merchants and customers. The card issuing bank declines the payment authorization when a transaction receives a "Do Not Honor" response. This response code indicates that th...

In today's rapidly evolving business landscape, understanding and preventing chargebacks has become paramount for merchants. The global volume of chargebacks soared past 600 million cases in 2021, with projected losses exceeding $117 billion by the end of the current year. T...

In today's fast-paced business environment, the adoption of efficient and versatile payment solutions is crucial for success. One such solution that has gained significant traction is the mobile point-of-sale (POS) system. A mobile POS system refers to a portable and handhel...

In today's fast-paced digital world, where online transactions have become the norm, it's essential for businesses to ensure secure and efficient payment processes. One crucial tool used by companies across various industries is the authorization hold. This practice, also...

The credit card processing rate refers to the fee charged by payment processors or merchant service providers for processing credit card transactions. It is usually a percentage of the transaction amount or a flat fee per transaction. Let us understand in this articles about...

Paperless payment processing refers to using electronic methods to handle financial transactions, eliminating the need for traditional paper-based payment methods such as checks and invoices. It involves the transfer of funds electronically, securely, and efficiently, provid...

A Payment Facilitator (PayFac) is a service provider for merchants, playing a pivotal role in electronic payments. Instead of each merchant maintaining a direct relationship with the credit card associations or a processor, a PayFac simplifies the process by acting as a mast...

A dual pricing merchant account is a business arrangement that enables merchants to charge different prices for goods or services depending on the customer's payment method. It involves offering a lower price for cash transactions, while a slightly higher price is charged wh...

Near Field Communication, commonly called NFC, is a wireless communication protocol that allows two electronic devices, typically smartphones, laptops, tablets, other devices, and a terminal, to establish communication by bringing them within 4 cm (1.6 in) of each other. Thi...

Fleet cards, also known as fuel cards, are a type of payment card that allows drivers to pay for fuel and maintenance for company vehicles. These cards are typically issued to businesses with multiple vehicles, also known as a fleet, and offer a range of features that help b...

Electronic Funds Transfer (EFT) and Automated Clearing House (ACH) transactions are integral components in today's digital financial landscape, facilitating seamless and efficient monetary exchanges. While these terms are often used interchangeably, understanding their nuanc...

In the bustling world of commerce, how businesses handle transactions can significantly impact their efficiency, customer experience, and bottom line. The choice between integrated vs non-integrated credit card processing systems may seem technical and complex, yet it carrie...

A credit card authorization form is a form that allows a third party to charge a specific amount to an individual's or a business's credit card. This form is typically used when the credit card cannot be presented at the time of the transaction, such as for online purchases ...

Getting a notification that your credit card processor raised the rate can be frustrating - especially if the increase is significant. You depend on processing customers' credit cards to run your business, but excessively high fees cut into your profits. The good news is ...

There are certain industries and business types that are considered "high risk" by payment processors and banks due to factors like higher chargeback rates, compliance issues, and the potential for fraud. If your business operates in one of these industries, obtaining a stan...

There are several options for credit card processing setup that can work with small businesses. Two of the most popular choices are PayPal and Stripe, which offer simple setups, affordable rates, and seamless integration with websites and mobile apps. However, Square and Aut...

 As the owner of a small business that accepts credit and debit cards, I know how frustrating interchange fees can be. These charges from the major card networks and banks amount to a significant cost, often 2-3% of every transaction, and there doesn't seem...

Flat-rate credit card processing fees provide businesses with a simple, predictable monthly charge for processing an unlimited number of credit card transactions. Rather than paying variable fees that increase with volume or sales, a flat rate plan caps expenses at a fixed c...

 While credit cards are incredibly convenient and offer useful benefits for consumers, they also come with substantially higher fees than cash. Over the past decade, as people have ditched wallets full of bills and coins for plastic cards, the credit card p...