Why Accept eCheck Payments? How They Work

Why Accept eCheck Payments? How They Work

Does your business still take traditional paper checks? Waiting for payments in the mail makes it harder to reconcile accounts, stalls work, and impacts cash flow. Echeck is a faster, more modern way to take payments. If your company wants to speed up payment cycles and make paying easier for customers, accepting eChecks is the way to go.What is an …

Automate and Thrive by Setting Up Recurring Payments

Automate and Thrive by Setting Up Recurring Payments

A lot of businesses don’t know how to set up recurring payments that make sense for customers and still bring in revenue. The most effective recurring payments balance the parameters of payment schedules, business needs, and customer preferences. The first step to successful scheduled payments is to know how, why, and when to accept recurring payments. What is a recurring …

Looking Beyond Fees: Evaluating Payment Processing Services

Looking Beyond Fees: Evaluating Payment Processing Services

Companies often shop for payment processing services based on cost. For many businesses, especially those in regulated industries, using this criteria may not lead you to the best payment software for your company. This is because not all payment processing services are the same. Some payment softwares are designed with specific industries in mind and don’t offer the payment processing …

Learn How to Set Up ACH Payments and Boost Your Business Now

Learn How to Set Up ACH Payments and Boost Your Business Now

ACH payments are cost-effective, easy to use, and offer customers more flexibility and choice. If businesses like using ACH for all of these reasons, why put off implementation? Some companies simply don’t know how to set up ACH payments. Don’t let setup be a barrier. Make payments more convenient for you and the customers you serve.Why Setting up ACH Payments …

The Payment Ecosystem Explained: How Your Business Gets Paid

The Payment Ecosystem Explained: How Your Business Gets Paid

All companies take payments but many don’t understand how the payment industry works behind-the-scenes. The digital payments landscape is complex, and with new technologies emerging, the greater payment ecosystem continues to evolve. It’s true you don’t need to be a payment expert to run a business, manage an office or head up an accounts receivable team. However, being familiar with …

Credit Card Decline Codes: What Merchants Should Know

Credit Card Decline Codes: What Merchants Should Know

Accepting credit cards for your business has many advantages. One of the most convenient aspects is knowing instantly whether a payment was approved or declined. Rather than waiting days and dealing with a returned ACH payment, your business can know within seconds whether a credit card declined or was approved. When a card has been declined, the most common credit …

What Every Merchant Needs to Know about MOTO Payments

What Every Merchant Needs to Know about MOTO Payments

Online businesses are more commonplace than ever. In fact, many companies now may never interact with customers face-to-face. Unfortunately, the convenience of digital transactions also makes MOTO payments (Mail order/Telephone order) a higher risk for businesses and consumers alike. Why are businesses that take MOTO credit card transactions putting themselves at higher risk? How can new technology make online payments …

Guide On Charging Credit Card Convenience Fees

Guide to Charging Credit Card Convenience Fees

Being a merchant is expensive. Your mission is to save money or boost profits any way you can. After all, your bottom line is at stake. This concern for the health of your business can drive you toward long-term success. If you’re wondering whether your own business can charge credit card convenience fees, the short answer is yes. But, there …

ACH Rules Change: WEB Transaction ACH Account Verification

ACH Rules Change: WEB Transaction ACH Account Verification

Companies that accept ACH payments online: are you prepared for Nacha’s coming rule changes? Nacha, the governing body in charge of maintaining the safety and security of the ACH payment network, has created new guidelines for accepting WEB debits.What ACH Rules Are Changing?The new Nacha guidance, the WEB Debit Account Validation Rule, has specified a need to pre-transaction screenings of …

What is a Payment Gateway? Choosing the Best Option for Accounts Receivable

What is a Payment Gateway? Choosing the Best Option for Accounts Receivable

Last updated December 2022 Running your accounts receivable business or team takes planning, organization, and the right tools. Along with the Accounts Receivable (AR) software organizations use to manage accounts, you need a payment gateway solution designed for your industry. What is a payment gateway and how do you choose the right one for accounts receivable?Payment Gateway DefinitionWhat is a …

Prevent Card Not Present Transaction Fraud and Chargebacks

Prevent Card Not Present Transaction Fraud and Chargebacks

EMV, better known as credit card chip technology, has revolutionized what it means to take a secure card payment during a card present transaction. The computer chip embedded in many new credit cards makes cloning card data much more difficult, deterring fraud. But what advancements in technology have been created for merchants in a card not present environment? How can …