Sometimes this happens with the newfangled habit of “showrooming.” We’ve written about it here before, and as a merchant with customers, you should keep the phrase on your radar. “Showrooming” refers to the practice of customers entering a store, looking at items “live,” as it were (which is to say, displayed on your shelves — if you’re one of those with an offline location that has shelves), then checking their phones quickly to see if they can get it for a better price — once your own showroom display has actually helped make the sale.
Category: Merchant Services
More on the Young, and their Credit
A few weeks back, we mentioned some conflicting reports on young adults and their use of credit. On the one hand, they were getting deeper in debt — due to sluggish job prospects and increased school costs, among other things. On the other, they were generally preferring to use debit cards, instead of credit cards, to pay for things where plastic was required, to avoid piling up even more debt.
AVPS In Your Corner For Charge Disputes
Suddenly, there are news stories about credit card disputes everywhere. Fox Business had one about consumer complaints, but those aren’t the same thing. Or rather, we might consider charge disputes a subset of overall “complaints,” which could include everything from bad service, to not crediting a payment, to not honoring a stated interest rate, and more.
Coming trends: E-commerce becomes M-commerce
If you’ve picked up on “underlying themes”in recent AVPS blog posts, you’ve noticed that –aside from the seasonal entries on…
Got a phone? You’ve got check verification!
When looking to move a business online, you will find that you have many options in terms of how you accept payments for bills or for your goods and services. While many traditional banks offer merchant account solutions, these services are typically very costly and the rates and fees will depend on your credit as well as other criteria. This can certainly be an option if you prefer it, but for many businesses, a merchant bank account is something that could better obtained from an ISO.
The Best Business Merchant Services Online
When it comes to operating an online business, there are many components that will determine your overall success. Excellent products or services, prices that are competitive, and marketing that brings people to your website are all very important, but it is also the online business merchant services that you choose and implement that will have a large impact. If you aren’t able to accept credit cards in a secure manner or if you do not accept multiple forms of payment, you could be losing out on major business.
More on MCAs
No sooner does a blog post run here at AVPS on using Merchant Cash Advances to augment cash flow for your business in tight times, than the subject starts appearing in financial news headlines. Business News Daily ran a piece on the same subject, stating “In this era of tight money, many small businesses feel that they’ve been hung out to dry by traditional lenders, a new survey shows. As a result, a growing number of companies are turning to alternative sources of funding, such as merchant cash advances (MCA).”
Getting Your Business Started Right
If you are looking to start a new business or to move an existing business online, there are many steps that you will need to take. One thing you will definitely need to do before taking many other steps is to create a business plan. You need to have a fact and research driven estimate of what you plan to make, but you also need to have an idea of the market for your products or services, as well as an idea of what level of competition you can expect in your demographic. All of this will be required to get funding for your business, as well as to keep you on the right track.
Ecommerce Credit Card Processing: Everything You Need to Know
Ever wondered how that magical click transforms into an actual product landing on your doorstep? Welcome to the world of…
