Being the faithful AVPS Blog reader that you are, you’ve seen where there will be a large surge of holiday shoppers online; you know that your customers will be “showrooming” with their mobile devices; you want to advertise more as the economy slowly regains ground; you need to order more merchandise for the upcoming spike in sales.
Category: Business Merchant Services
After the Shutdown: Holiday Budgets Trimmed, Consumers Still Willing to Shop
Like the Boy Scouts, we believe in being prepared. Especially now that the U.S. is once again funding its government and paying its debts, and people are free, relatively, to go about their business. Part of that preparation may include anticipating how much business you can now expect from customers this holiday season.
Accepting Online Payments Has Never Been Easier
It is no secret that the millions of people that have taken advantage of doing business on the internet over the past 10 years have done a good job at making money. Internet business is growing more and more every day with no sign of slowing down any time soon.
Card Use Slows in Summer, Yet New Ways to Spend on Horizon
We always like when two seemingly unrelated bits of news emerge to make a pattern, or perhaps two points on a related map. On the one hand, we have another report from the Fed that, as Reuters puts it, “growth in U.S. consumer credit slowed for the second straight month in July, held back by a decline in a measure of credit card usage that hinted at a mood of caution among consumers.”
Accept Payments on the Go with Mobile Phone Credit Card Processing
Receiving payment instantly for your service is not only business efficient but it can mean cost savings from not having to ‘chase’ your customer for payment. Whether you’re an electrician, a plumber, a trade show exhibitor, or a home sales representative, you can receive payment immediately, wherever you are.
Checks, Charges, and Changes
We always like it, here at the AVPS blog, when pieces of “separate” financial news combine to make a single, bigger story, or to provide a trendline.
That’s happened again this summer, when a story about checks — and then another — caught our eye. The first was an article written in anticipation of an upcoming report from the Federal Reserve, which charts consumer payment habits.
Late Card Payments Decline — New Customer Use Patterns Emerging?
In increasing signs of a perking — or at least, stabilizing — economy, comes the news that late payments on credit cards are at a 20-year low. According to an AP article, the credit reporting bureau TransUnion is reporting “ the second-lowest recorded since the second quarter of 1994, when the rate was 0.56 percent, and it’s running ahead of the historical average of 1.03 percent. The firm’s records go back to 1992.”
Credit Card Tips for When “Back to School” Means “Off to College”
We’re probably as surprised as you that it’s already “back to school” time in so many places, for so many students. Aren’t we still a few weeks away from our Labor Day barbecues!?
Understanding ACH (Automated Clearing House)
When you are starting your business there are a myriad of things to think about. One of the most important issues is how you will generate enough revenue to make a profit and for the first few years, even survive. Assuming you have a solid marketing plan in place to bring buyers to your online store or store front premises, how do you get the customer to purchase your products or services once they are there?
