As a business owner, you already know that electronic payments save you time and money. In fact, when you calculate the processing fees, man-hours and material costs of traditional paper billing, direct payment can save you as much as $20 per transaction. A business with 10 employees, for example, can reduce annual expenses by up to $2,400 by enrolling its staff in direct deposit.
Mobile bill pay continues to grow at a fantastic rate. The number of mobile bill payment users throughout the country has doubled from 8 million in 2012 to 16 million in 2013.
And it’s not just smartphone users who are fueling this growth. Roughly 25 percent of tablet owners have used their devices to pay bills on the go. It's easy to understand mobile bill pay's growing popularity. In one recent survey:
Conferences, trade shows, and exhibitions can be highly profitable events for direct sales companies, trade associations and other event planners. For exhibitors especially, the ability to accept payments on the trade show floor.
Below are seven of the easiest and most affordable ways for making your next event the most profitable one yet:
If you are building an online presence to sell your goods or services and you are ready to begin accepting credit cards, all of the options, terms and programs available may be confusing. Two common components of an e-commerce payment processing platform are a payment gateway and a shopping cart — but what’s the difference?
If you run an online business, making money is difficult unless you accept credit card payments. One of the best ways for a small business to do this is to use a payment gateway. If you’re thinking about going this route, here are three tips to get you started.
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?
At BluePay, we make online credit card processing simple with our secure credit card payment gateway. Unlike other merchant account providers that often use a third-party payment gateway, we provide our own payment gateway solutions in addition to a full suite of payment processing products. That way, there is just one company to call when you have questions regarding your merchant account.
When a merchant accepts a credit card payment from a customer, the transaction goes through the payment gateway, the credit card processor, the credit card network and the customer’s credit card issuing bank before making its way to the merchant’s bank account.
The transaction process is the same for all acquirers. What makes BluePay different than other merchant account providers is we have the technology to be both the gateway and the processor in this process, making us a more efficient credit card processing solution for merchants of any size and type.