Category: Merchant Processing
We were recently asked the following questions: What do you think has caused this explosion of bank-only and loan products in the MCA space? Will they last? It’s said that 50% of all marriages end in divorce. So after years of a happy marriage and several offspring (starter advance, premium advance, and lockbox), the Merchant [...]
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Did you know that QuickBooks offers a complete Point of Sale (POS) solution? Right now, it’s available as a free download (FREE 30-trial). QuickBooks is designed to speed up everyday tasks and give you the tools you need to grow your business. With QuickBooks POS you can: Process credit cards,…
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Ooo La La! We’re talking about the orange circle in the back that says ‘Pricing as low as 14.9%’. Swift Capital was in attendance at the ETA expo this year and they have been aggressively marketing on the basis of transparency. Also on the scene was Ilya Fridman, the CEO of Entrust Cash Advance. According [...]
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The ETA Expo has been quite an experience. ISOs came in droves, with one privately sharing with us that the past two days have generated a tremendous amount of business. Others have used the time less productively and at least one business development manager who sat this year out said he purposely did not go [...]
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“Come to our booth!” “Here’s my business card…” “We’re going to Rain later.” The ETA has begun and almost all the big Merchant Cash Advance (MCA) players are in town. If you’re not sure where to find anyone, you can browse the official floor plan below. Click the Image for the full floor plan [...]
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Are we really still saying “banks aren’t lending”? We are, and apparently everybody else is too, because it’s still true. Time Magazine just published a piece that promotes the idea that bank lending is so dead that people wouldn’t even lend money to themselves. Could this be more evidence that banks are no longer necessary [...]
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Hey Small Business Owner! Get Compliant or You’ll Be Out of Business! That’s the message being fed to businesses accepting credit cards by the payments industry. But the communication isn’t getting through. 60% of merchants are unaware of the costs they would incur for a data breach and 64% believe their businesses are not vulnerable [...]
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It’s the story that won’t ever die. First it was Dont Make Us Pay and now it’s Where’s My Debit Discount? It’s the latest campaign in an epic struggle between the big banks and congress. Unless you’ve been in a coma for the last two years, the Wall Street Reform and Consumer Protection Act passed [...]
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Guest article by: by eProcessing Network As the multitude of corporate and government purchasing agents begin to move from paper to purchasing cards (P-Cards), the resellers must become very knowledge in how the contractual process works between purchasing agents and their suppliers. In addition, for resellers to be successful in the marketplace, they must become [...]
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If your merchant service provider (MSP) doesn’t have your proper business information on file, you could be in for a world of hurt. As per Section 6050W of the Housing Assistance Tax Act of 2008, all electronic payment transactions have been reported to the IRS since January 1st of last year. In order to ensure [...]
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Investors and payments industry professionals are talking about InspirePay, a free software-as-service payment tool from Boulder, Colo.-based merchant acquirer Inspire Commerce Inc. Launched in December 2011, InspirePay reportedly enables online merchants to invoice and receive payments through any payment system the business chooses. For instance, an online merchant can invoice a customer and, at the [...]
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