There are hundreds of payment service providers (PSPs) out there, so finding the right one for your business can be a challenging process. Thankfully online reviews can help you in your quest to a large extent. This article is one such guide, that focuses on comparing two payment processing solutions—Payment Depot and WePay. We will […]
In the diversified American legal industry, law firms and legal professionals provide wide-ranging legal services. Market research firm Statista found that the aggregate US legal services market comprises nearly half of global legal services. Whether you have a small firm or large law practice, every law firm needs a payment solution for legal payments. Clients […]
Growing businesses need access to reliable and secure payment options. The larger you become, the more suppliers, providers, and other parties you will inevitably pay. Paper checks and money orders are no longer practical. First, they’re tedious and time-consuming. And second, they just don’t meet the always-on needs of the electronic money system we operate […]
Simplified Transactions and an Enhanced Customer Experience There was a time when a cash register, cash drawer, and spreadsheets were all that you needed to accept payments and record transactions at your retail store. But running a modern brick-and-mortar or eCommerce store requires a lot more than that today. You’ll need to process transactions, track […]
As the global payments industry continues to expand, the United States credit card industry has also racked up impressive growth. On January 3, 2023, market research firm Insider Intelligence reported that United States 2022 credit card volumes reached $3.089 trillion. To process this huge volume of transactions, many businesses work with payment service providers (or […]
Every day, unsuspecting business owners deposit fake checks only to find out later that they’ve been duped. So, what happens if you unknowingly deposit a fake check? The unfortunate result is that, depending on the situation, you could now be out of pocket and suffer financial losses for your mistake. While checks still make up […]
Accepting secure payments should be a priority for every small business. After all, 87% of small businesses are likely to be the victims of attacks that may compromise customer data. Choosing a trusted payment processing partner is, therefore, one of the most important decisions you need to make. For SMBs, ensuring payment security and controlling […]
As the global digital payments industry continues to grow, American consumers are taking a bigger slice of the pie. A recent report estimates credit card transaction volumes in 2022 to have reached $3.089 trillion. Card issuers also began offering more flexible payment options and rewards cards. Retail stores, small eateries, and mobile businesses may choose […]
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As payment processing becomes increasingly digital, both emerging and established businesses need to make sure they keep up with the latest payment trends. With 83% of Americans now owning at least one credit card, virtual payment processing has taken on a new significance. A virtual terminal allows businesses to easily process transactions from any internet-capable […]
Many small businesses don’t realize that although PIN and signature debit transactions may seem similar, they are actually quite different. In fact, a customer using the same debit card at a retail outlet—for the same amount—may translate to different transaction fees for the merchant, depending on the verification method they choose. As such, merchants may […]
