EMVs are chip-enabled credit cards that offer greater security (i.e. fraud prevention) than their more traditional swipe-and-sign counterparts do. Already the standard in most parts of the world, these EMV credit cards have only recently emerged in the U.S.
EMV (Europay, MasterCard and Visa) credit cards have taken the retail world by storm. That is — everywhere but in the United States — a market with more than 1 billion credit and debit cards, most of which aren't equipped with EMV technology.
Whether you operate a brick-and-mortar business or an e-commerce store, meeting employee salaries, overhead and other cash-dependent expenses can be difficult. A merchant cash advance is one of the most popular ways to tide your business over during a cas hflow crunch. But before you apply, it's important that you understand how merchant cash advance rates and fees work.
Picture this: Business is going well — and because you have a merchant account, the credit card receipts keep streaming in month after month. You’re growing, but you need financing to invest in your business and continue to grow.
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.
In a credit card transaction, both the cardholder and the credit card issuer have the right to question or dispute a transaction. When such disputes go unresolved, merchant account holders may be subject to a Chargeback, which can hurt your bottom line as a business.
If you're just setting up a small business, it can be confusing figuring out how to process credit card payments, deposit cash and pay your bills. For most businesses, this means opening two distinct types of accounts — a merchant account for your credit card transactions and a traditional bank account for your cash sales and to pay the bills.
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.
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?
When you partner with BluePay, you can customize a credit card processing plan that best fits your business’ and your customers’ needs. We have a wide range of merchant services from which to choose. So how do you know which ones will work for you? Below, we’ve matched up several solutions with merchant types to give you a better idea of how every merchant can benefit with BluePay.