Blog

October 16, 2018
get-rich

The Ugly Side of Online Coaching and Seminars

Coaching and training programs are considered high risk by nearly every processor and bank, and FTC investigations make them even more concerned with the coaching/training industry in general. Promises of income, wealth and success can lead to big trouble for the companies that make those claims. Make sure your credit card processing account is not put at risk.
August 30, 2018
trial offers

Why Banks and Credit Card Processors are Leery of Trial Offers

Since commerce has shifted drastically to the Internet in recent years (Q1 of this year had over $100 billion in U.S. online retail revenue) the concept of free trial offers has morphed, creating challenges for online marketers utilizing this strategy.
June 1, 2018
Accepting American Express

Top 5 Reasons Why You Should Be Accepting American Express

For years many retailers have thought that accepting American Express was more costly than taking a Visa, MasterCard or Discover card from their customer. It was also more work since American Express required a different application process for approval, and sales deposits settled into your bank account separately from your other credit card sales. On average most businesses see around 53% of their credit card sales volume from Visa, 22% from MasterCard, 21% from American Express and 4% from Discover, so not accepting American Express could directly be impacting your bottom line. If you’re not accepting American Express today here’s why you should think again:
May 8, 2018
Beneficial Owner

What Beneficial Ownership Means and Why it Matters

The Financial Crimes Enforcement Network (FinCEN) new rules on beneficial ownership that were issued last year go into effect May 11, 2018 and banks, credit card processors and other financial institutions have been working for months to implement internal changes to comply with the new rules.
May 1, 2018
Easier Checkout

Things are About to Get Easier at the Checkout

While the new chip technology on credit cards and mobile payments has improved security overall, as a business owner you’ve probably noticed it has slowed down your checkout lines. After inserting the card and waiting for the purchase to complete, the customer must then sign the electronic tablet or in some cases a printed receipt handed to them from the cashier. Some stores required their cashiers to check the signature against the back of the card, and ask for another form of ID if the card wasn’t signed. The impact was pretty immediate and resulted in longer checkout lines, frustrating both you and your customers.
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