As the US payments industry continues to expand, credit card payments occupy a big slice of the pie. Automated Clearing House Payments (or ACH payments) offer their own impressive processing volumes. In February 2023, the National Automated Clearing House Association (NACHA) reported that the nationwide ACH Network processed 30 billion payments in 2022. These payments […]
Today’s super-competitive marketplace dictates that small business owners must take a multi-channel sales approach if they want to reach customers and secure more conversions. Shoppers continue to make purchases at brick-and-mortar stores with point of sale or POS systems at a high rate, especially amongst younger generations, 84% of which view shopping as a social […]
The credit card issuing industry continues to experience steady growth as consumers and business owners use credit cards to complete more transactions. As of February 2023, almost 90% of Americans surveyed prefer using a debit or credit card (both virtual and physical) as their main payment method when making a purchase, and 36% of all […]
In the ever-evolving landscape of the dental industry, technology and convenience have become paramount in ensuring smooth operations and enhanced patient experiences. One often-overlooked aspect is the role of merchant services in dentistry. Efficient payment processing is vital for the financial health of any dental practice, enabling them to focus on patient care without the […]
In the digital age, credit card processing has become an integral part of every organization’s operations, including non-profit entities. These organizations, dedicated to noble causes, require a seamless and efficient payment processing solution that aligns with their unique needs. Among the array of options available, Payment Depot emerges as the prime contender for non-profits seeking […]
If you’re a small business looking for a payment processor, you’ve likely come across Stripe. A leading payment gateway, Stripe is worth a staggering $50 billion, processing payments for some of the world’s biggest organizations. Stripe, in fact, processes payments for millions of companies globally—from startups to the Fortune 500. According to their website, 90% […]
Data confirms that cash is no longer king. Card payments are the most commonly used payment method among American consumers (57%). Debit cards account for 29% of all payments, while credit cards account for 28% in terms of transaction volumes. Card payment machines allow customers to settle their purchases without having to carry cash or […]
Whether you’re a new entrepreneur looking to set up your credit card processing equipment for the first time, or a seasoned business owner shopping around for a new solution, having the right credit card machine is critical. The hardware market is saturated with a large range of devices that, more or less, have the same […]
The high cost of credit card processing is a point of contention globally. No one likes credit card fees. In the US, surcharging has been fought in court and card issuers (in some states) have had to be flexible. And while these efforts won’t lead to lower credit card fees, small business owners now have […]
Credit card declined codes aren’t what you hope to see with your payment processor. When this happens, your customer might not be able to walk away with a product—and you won’t receive any money for a sale. There are numerous credit card decline codes that can occur, and while some are easily fixable, others require […]
