All across the country, fewer and fewer Americans are carrying cash. And paper-based checks are on the decline, with just $18.3 billion in check payments in 2010, compared to $37.3 billion just 10 years prior.
Cash flow is a common concern for business owners. For many businesses, merchant cash advances are a viable solution to cash flow challenges while you wait sales income to hit your account. Before you apply for a cash advance, it’s important to do your homework.
They say all purchases have an emotional element. And before continuing with the transaction, we justify this emotion with rational reasons.
But impulse purchases are a little different. They, too, are driven by emotion. But any logical justifications are retroactive (long after the transaction has already taken place).
Credit cards lend themselves well to impulse buying. That's because they remove money from the equation. It’s as though you're not spending cash — you’re spending credits (which is why casinos use chips and carnivals rely on tokens).
Credit card processing is already one of the fastest and most reliable payment systems in modern business.
But as convenient as the process is, bottlenecks still exist. Customers have to stand in line to use the one and only terminal at each checkout counter. This means longer waits for them and fewer sales per unit of time for you.
However, using some or all of the tips below, it's possible to speed up credit card processing and make transactions faster and even moreconvenient.
With iPad credit card processing, you can expand your point of sale while still enjoying the face-to-face familiarity of a traditional checkout counter. Accepting credit card payments via tablets offers other advantages, too:
When you process credit card transactions all day long, mistakes happen. Unfortunately, those mistakes can cost merchants money in the form of chargebacks. Eliminating processing errors is the surest way to avoid this type of chargeback.
As part of our series on avoiding chargebacks, BluePay has compiled these tips to help reduce your risk of processing errors and the costly fees that follow.
Chase Bank recently announced that it is now issuing Chip and PIN credit cards for people who frequently travel out of the United States. The technology has been implemented in Europe and Canada to enhance credit card security, though the United States has not yet made the switch from magnetic stripe credit cards to Chip and PIN cards. BluePay offers Chip and PIN credit card processing capabilities for its Canadian merchants.
The convenience of the today’s online services has many consumers wondering what they would do without the Internet. How would they book flights and pay for tickets? Or find that hard-to-find item for a special gift? Or make quick and easy payments without worrying about late fees? These simplified payment options may also be getting merchants to wonder: Is MOTO credit card processing obsolete?
The BluePay team is thrilled to announce that we have launched our new website, www.BluePay.com! We are committed to providing our current and potential merchants with the information they need to improve their credit card process and achieve their business goals. We’ve redesigned our entire site’s look, feel and navigation, so merchants can better access tools and resources to get started!
Check out these new features and pages of the BluePay website: