Category: MERCHANT SERVICES
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Inflation, Your Merchant Account, and Rising Credit Card Processing Fees
Inflation is a term used to describe an increase in the general level of prices for goods and services in an economy over time. This can be caused by a number of factors, including increases in the money supply or government policies that lead to lower productivity. Inflation affects every part of your small business,…
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Payday Loan Marketing Tactic: The Better Credit Score Angle
Payday loans are a great way to help your customers make ends meet during a difficult financial situation. By offering them a safe and convenient way to borrow money, you can build trust with your customers while also helping them improve their credit score. Here’s how: One of the main reasons people take out payday…
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Buy Now, Pay Later: The Hype Is Worth It
As a merchant, it’s really important to make the checkout experience as simple and effective as possible for your customers. Buy Now Pay Later is an idea that has existed for decades but only recently have trends have aligned to see its success. It’s the future medium of exchange for all goods and services. If…
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Bad Credit? 4 Ways It Affects Your Merchant Account Application
While you’re building your small business, it can be challenging to get the financing you need. Then when you’re finally ready to scale up and grow your company, you realize a crucial element is still lacking: You need a way to accept payments for the business. This means obtaining a merchant account, but a lot…
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What Is an MID and Why You Need One
The acronym “MID” stands for Merchant ID, Merchant Identification Number, or even Merchant Number. It sounds pretty straightforward and simple, but the MID plays a major role in the flow of funds. Not every merchant has an MID and merchants who do have one might not know it. Knowing your Merchant ID and understanding how it’s used can help you in the…
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