When asked to provide your own social security number, suspicion is understandable. But, when opening a credit card processing account, there is a very good reason that this information is requested. Let’s talk about why you’re asked for this information and what it’s used for....
On October 19th, Visa’s new Purchase Return Authorization mandate will take effect. Currently, authorizations are required for a majority of purchases, but NOT for purchase returns—this new mandate is going to change that. ...
Having funds held is a frustrating and confusing situation. For some businesses, held funds can even cause serious cash flow issues. We’re here to provide insight on why funds are held, and insider tips to keep money flowing into your account. ...
Trade shows, conventions, and conferences offer valuable opportunities that you’d be hard-pressed to find in another venue. Where else can you find customers that are already searching for a solution like yours, and start closing deals that same day? ...
Over the past 5 years, 47,153 PSPs have closed or been acquired. Independent and family-owned businesses are wondering how long remaining independent will be practical. Here are some steps small to medium-sized providers can take that will have them going toe-to-toe with even the largest...
If you do business on the go, shouldn’t you accept payments on the go as well? Accepting credit cards, wherever and whenever, can tremendously increase your sales and streamline your payment processes. Here are just 4 of the ways that a mobile point of sale...
The construction industry faces a unique set of challenges. If you’re a contractor, supplier, or developer, your main concern when it comes to processing cards is likely the price tag. Keep reading for the 3 biggest processing headaches facing the construction industry....
The media industry is largely populated by B2B organizations. You might be familiar with waiting months for a customer to pay you, then investing valuable hours of the workday trying to hunt down those outstanding payments. This is a common issue, but navigating the complex...
Is your business paying high processing fees every time you accept a business or purchasing card? If so, there might be a way for you to increase your profit margins without the need to increase your sales volume. The secret is qualifying your transactions at...
PCI DSS is a set of standards created to ensure safe credit card handling practices. Learn how to become PCI compliant, and avoid unnecessary fines....
Beginning to accept credit card payments can be one of the best ways to grow your business. A majority of consumers (66%) prefer to use credit cards to make payments. Here are 7 reasons for your business to accept credit cards: ...
Does your business process credit cards and/or debit cards through a website shopping cart? That type of transaction is referred to as “card not present," and contains the most risk for you as a business owner. To help minimize your risk for these...
Just because there are over 1000 different rates, and numerous factors that impact the cost of accepting any given credit card, doesn’t mean you are helpless in reducing your costs. There are definitely best practices. Here are 4 ways to lower your rate...
No business owner wants a credit card Chargeback. But, they can happen. Let BASYS help you, as the owner or manager of a business, to understand Chargebacks, and provide 6 tips to reduce your risk of credit card Chargebacks....
Many companies are still unsure whether accepting business to business credit card payments is the right move. Here are the important things you need to consider....