Posted on December 12th, 2018 in Merchant News and Info, Merchant Tips and Insights
5 Types of Retail Fraud and How to Prevent Them Retail fraud is on the rise. CNBC reported that last year the “level of fraud as a percentage of retailers’ revenues has climbed to 1.58 percent year to date from 1.47 percent,” compared to 2016. Not only that, but according to a 2018 survey by […]
Posted on December 10th, 2018 in Merchant Tips and Insights
5 Ways to Cut Costs by Banking Smarter All business owners could use more money, but how do we make the most of what we have? One way to save some cash is to rethink the way you use your bank. Banks are more than just storage units for your money, and whether it’s renegotiating […]
Posted on December 5th, 2018 in Merchant Tips and Insights
A Closer Look at the Shopping Preferences Some of Today’s Youngest Consumers [Gen Z] The influence and buying power’s today’s teens and young adults — aka Gen Z — are rapidly growing. Gen Z (born after the year 2000), is expected to become the biggest consumer generation by the year 2020 and members of this […]
Posted on November 3rd, 2016 in Merchant Tips and Insights, Payment Technology and Hardware
Is Square a Good Credit Card Processor for Every Business? Square reported earnings this week and one thing from the report really caught my eye. They reported that a higher percentage of revenue is coming from large merchants. Square offers a simple pricing structure of 2.75% per transaction (or 3.5% and $0.30 if Keyed In). […]
Posted on September 19th, 2016 in Merchant Tips and Insights, Payment Technology and Hardware
Never Lease a Credit Card Terminal Would you pay $4800 for a $300 terminal? One merchant that we spoke to did exactly that. She had a $99/mo lease for 48 months on a terminal that could have been purchased for under $300. Terminal leases are great for processors and horrible for merchants. You can guarantee that […]
Posted on September 14th, 2016 in Credit Card Processing, Merchant Tips and Insights
What is Level 2 Credit Card Processing? Since we pass through the direct rates from the card brands to our members, it is in our best interest and yours to get the lowest possible rates. If you are a B2B merchant or you accept a lot of corporate and purchasing cards you should be entering […]
Posted on September 8th, 2016 in Credit Card Processing, Merchant Tips and Insights, Payment Technology and Hardware
How to Swipe Credit Cards Using the iPhone 7 Yesterday, Apple announced that the iPhone 7 no longer has the 3.5mm headphone jack, which has been the primary way to connect a mobile card reader to phones and tablets. We have been getting calls and emails from members asking how this will impact them so I wanted to […]
Posted on September 7th, 2016 in Merchant Tips and Insights
Don’t Settle For Cancellation Fees One of our first decisions when we started Payment Depot was to have no cancellation fee. We even took it a step further by offering a 90 day money back guarantee on your membership fee if you aren’t happy with us for any reason. In the credit card processing industry, […]
Posted on September 2nd, 2016 in Merchant News and Info, Merchant Tips and Insights
EMV Chargeback Relief Gives Merchants More Time To Upgrade We are quickly approaching the one year anniversary of the EMV liability shift. The transition to EMV has been rocky at best and quite a pain point for many merchants and processors. Slower checkout times, delays in certifications, and the lack of software updates have forced […]
Posted on August 30th, 2016 in Merchant Tips and Insights
Why We Don’t Use Outside Agents At Payment Depot we know that your time is valuable and you don’t want to be bothered during your operating hours by another salesman trying to pitch their products and pricing. So from day 1, we made the decision to avoid using door to door salesmen and cold calls. […]
Posted on August 18th, 2016 in Merchant Tips and Insights
Response to the Top 5 Most Common Merchant Account Complaints We love Merchant Maverick, a great website that helps small business owners learn about credit card processing and decide which merchant service company will be the best for them. In fact, many of our members tell us that they found Payment Depot by first reading […]
Posted on May 12th, 2016 in Customer Stories, Merchant Tips and Insights
Art Supplies Retailer Competes on Service, Choice – and Smart Credit Card Processing In a budget-conscious university market, this artist-retailer keeps her costs low and product selection just right for students and professionals. Peggy Gomez opened the doors to Gomez Art Supply in 2003, situating the enterprise near her alma mater, the University of Nebraska […]
Posted on May 2nd, 2016 in Merchant Tips and Insights
Revel POS Review Revel is an Apple iPad POS system that was founded in 2010 by CEO Lisa Falzone and CTO Chris Ciabarra. It began beta testing in the fall of 2011 and by October of 2012, Revel announced that it had already reached profitability. In January of 2012, Revel was given the award for […]
Posted on April 30th, 2016 in Merchant Tips and Insights
Ambur POS Review This review will feature a product that is doing amazing things within the restaurant community. Ambur is a restaurant point-of-sale system that was created by restaurant employees specifically for restaurants. The cloud based system was born in Kabab and Curry, a family owned restaurant in Williamsville, NY. In order to simplify the […]
Posted on April 22nd, 2016 in Customer Stories, Merchant Tips and Insights
Home Care Services Company Reduces Montly Credit Card Fees by $1,000 More healthcare customers using plastic; a new generation of ownership successfully minimized credit card processing fees Ryan McEniff’s aunt ran the company she founded, Minute Women Home Care, for three decades until she retired in 2001. Her staff kept the business going for another ten […]
Posted on December 2nd, 2015 in Credit Card Processing, Merchant Tips and Insights
4 Reasons Why Your Merchant Account May Be Denied Taking the time to understand some of the top reasons a merchant account may be denied can help you to prepare for a future application or help you understand what to improve on if you’ve had a merchant account denied. Below are our top 5 reasons […]
Posted on November 19th, 2015 in Merchant Tips and Insights
4 Ways to Prevent Credit Card Fraud at Your Business With the holidays quickly approaching many small business owners are gearing up for a busy shopping season. One essential part of preparing for the holiday shopping rush is making sure your business is taking measures to prevent credit card fraud. Criminals are getting sneakier as […]
Posted on September 13th, 2015 in Credit Card Processing, Merchant Tips and Insights
PayAnywhere VS. Square Apple Pay is now available to thousands more merchants because of a partnership with PayAnywhere, a mobile card reader. Starting this fall, the PayAnywhere mobile card reader with NFC technology (i.e. Apple Pay) will be sold in Apple Stores across the country so that more small volume merchants can branch out to […]
Posted on September 2nd, 2015 in Merchant Tips and Insights
ShopKeep Review Today we’re reviewing ShopKeep, the point of sale system designed with small businesses in mind. Shopkeep operates on an iPad, which makes this POS slimmed down and user-friendly. ShopKeep was designed by a small business owner for small business owners. In addition to it being your shop’s POS, ShopKeep also features impressive back […]
Posted on August 27th, 2015 in Merchant Tips and Insights
What’s the Best Use of Your Social Media Marketing Dollars? With what seems like hundreds of options, are you wondering how to spend the social media marketing dollars you’ve allocated? This article is for you. We’ll guide you through the decision-making process so that you can spend your money in a way that is going […]
