It's March, and that means tax season. If you have a merchant account so your business can accept credit and debit card payments, you should have received a 1099-K form from your payment processor by the end of February. What do you do with this form and what are your tax obligations for money you receive from the processor? Here’s a quick rundown.
Being able to accept and authorize credit card payments at trade shows has makes marketing and selling your products easier. Using mobile credit card processing at trade shows lets you accept and authorize payments and even send email receipts, all in the palm of your hand.
Preparing to make sales at a trade show is key to a smooth event. Below are four tips to make accepting payments at your next industry trade event easier.
Mobile credit card processing has made it possible for even the smallest retailer to safely and securely accept credit and debit cards as payment without being tied to cumbersome phone lines and fixed hardware. This advance in technology has revolutionized retail, allowing vendors to get out to where their customers are — with food trucks, mobile kiosks, booths at fairs and festivals, and more. However, mobile credit card technology is still evolving.
Nearly every type of business – from big box retailers to Etsy sellers, and from trade show vendors to antique dealers – needs to accept credit card payments to survive. And more and more of those businesses are accepting payment online.
If your business already accepts credit cards, you’re likely familiar with merchant accounts. But if you’re new to e-commerce, you’re probably learning about payment gateways. What’s the difference between the two? And what are the advantages and disadvantages of merchant accounts versus payment gateways?