We’re excited to announce our newest feature this week by CNN! Author Jason Brown includes Payment Depot with other companies who are helping merchants to modernize their retail strategies. Brown sees the shift in commerce and creates compelling strategies to help merchants make the shift as seamlessly as possible. As the retail environment changes, Payment […]
Do you know anyone who doesn’t have a credit card (or credit cards)? Most of us don’t, but have you ever thought about how these little plastic cards became so widespread and now, may be even more common than cash? Many people know that the widespread use of credit cards began in the 1950s, but […]
Today, I am reviewing Transparent Merchant Services to give you an insider look at their value. The main reason I chose to review them is because they have a very similar pricing structure as we do at Payment Depot. Before I go any further, the bottom line is Transparent Merchant Services is good, but not […]
Long before Apple Pay, big retail stores were creating a way to avoid paying the typical 2% to 3% fees paid to credit card processing companies. They called it Merchant Customer Exchange (MCX), and created a mobile payment app called CurrentC. Retailers hoped that if enough them used MCX, they would be able to avoid […]
This week, I returned from a family vacation in England, where my brothers in law live. It was great to visit family, see some castles, and (since I’m in the credit card processing biz) see what it’s going to be like next year, when Smart Cards take over in the US. Every single retail store, […]
Your grocery store is a high-volume business that sees countless debit and credit card transactions each day. With profit margins razor thin in most grocery stores to begin with, and competition from big chains fierce, it’s important for you to make sure that you’re paying as little as possible in card processing fees. Start by […]
Many small businesses in the market today are hesitant to work with traditional banks when they are in need of a loan. Traditional banks often deny applicants starting a new business. They also frequently deny applicants with credit issues or who have month-to-month income streams. Small businesses often look for other loan alternatives to simplify […]
Credit card giants like VISA and Mastercard are introducing new “smart cards” across America this year, and while this new technology may help reduce credit card fraud, it will also leave merchants liable to fines of up to $50,000 if they process a fraudulent transaction on a non-smart terminal. So what exactly are smart cards, and […]
Most people believe that credit cards are vital for the economy in order to move forward, including the U.S. small business sector and other financial systems. But exactly how big a chunk of the economy do credit cards impact, and what would happen without them? Today, over 70 percent of all adults feel that the […]
