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.”
Tag: Business Merchant Services
Make Your Business Stronger Than Ever with AVP Solutions
In order to keep your business growing, you need business merchant services that provide easy solutions to all of your e-commerce needs. It is a fact that most people carry little or no cash because it is more convenient to use credit cards. Another fact is that more and more people are shopping online where cash is really not an option.
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.
Easy Payment Options Equals Better Bottom Line with an Internet Merchant Account
Your business plan is complete, your product ready to ship and your website ready to go live. Your marketing is set and the whole world knows that you are open for business. One of the most important aspects at this stage is cash flow. Lots of it, hopefully. There are many options with which to receive payment but how do you get it fast and easy?
Madera, m’dear? Not If You’re Not Careful About Card Fraud!
While credit card fraud thankfully remains the rule, rather than the exception, we like to post occasional news items here about card fraud schemes, for their instructive value. In other words, what they can they teach our merchants about making their own transactions safer?
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.
Proposed Changes to CARD Act Could Mean More Credit Customers For You
Under the CARD act of 2009, it actually became harder for at-home spouses to get their own credit card, as Federal Reserve Regulations required a credit card issuer to verify the individual applicant has income or assets available to make payments — regardless of the total household income. Current proposals to change the CARD Act would allow a non-working spouse or partner over the age of 21 to report shared household income from the working spouse or partner in order to apply for a credit card in his or her own name.
What to Look for in a Business Merchant Services Company
As a business owner, your entire business is centered on making money. Whether you own a brick and mortar store or operate your business online, business merchant services are a big part of this. Your merchant account is what enables you to accept payments in the form of checks, credit and debit cards, gift cards, and more. Unfortunately, not all merchant account providers are created equal. Here, we will take a look at what qualities you should be looking for.
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.
