If you are starting a business, or currently own one, you need business merchant services so that you can accept debit and credit card payments from your customers.
Just a few of the ways that a merchant account helps your business are:
There are a lot of interesting tea leaves — perhaps that’s peppermint tea, in the spirit of the season — to be read as the data comes in from Black Friday through Cyber Monday, that stretch of time formerly known as “Thanksgiving Weekend.
A mobile phone credit card reader can boost your bottom line, save time, integrate portability into your business, increase security, and add convenience and flexibility for both you and your customers. Your bottom line is boosted because you now have the ability to accept any form of payment at any location. You’ll never miss a sale again because you couldn’t accept a credit card and your business horizon expands to wherever you want to go.
Mobile phone credit card processing is on the rise. This convenient, flexible payment method allows you to accept credit card payments anywhere, anytime. Long gone are the days that you have to hope your customers have cash, hope their check clears the bank, or miss the opportunity to make the sale because they only want to pay with plastic. Now you can accept payments anywhere your customers are.
It’s a short holiday week, and we wanted to get the blogging in before it was time to address the stuffing!
If you’re on the merchant side of the equation, it’s also a “short” holiday season, due to Thanksgiving coming later in November than usual. So there’s even more expectation — frenzy? — around the official “Black Friday kickoff” sales. Not only for customers, but for merchants as well.
An analysis from the First Data Corporation shows a discernible uptick in consumer spending in the period heading right into the holiday season — namely, the month of October. For that four-week period, their “SpendTrend” analysis tracked “same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.”
We were struck by a CNBC article appearing this week, with the provocative headline, “Cash-only Business Owners Risk $100 Billion Mistake.” The article notes that “As American consumers begin to embrace tap-and-pay smartphone apps, relegating plastic to a deep recess in the pocketbook or wallet, more than half of U.S. small business owners continue to live in the past—forget mobile apps, they don’t take American Express, or anything other than cash.”
ACH, or “Automated Clearing House,” has been in the financial news of late, particularly in a couple of MarketWatch articles about ongoing changes to the system of payments, particularly in this era of instantaneous digits.
Georgia-based Total Systems Services Inc., or TSYS, is out with their 2013 Consumer Payment Choice Study. And while the main purpose of the study was to find out how anxious, or ready, customers were to turn their mobile devices into wallets, though the secondary information in the survey — what types of plastic consumers prefer for which kinds of transactions — was perhaps just as illuminating.