When picking the perfect payment processing solution for your business, many merchants have questions about which processor is right for them and what the difference is between all of the choices out there.
In addition to chipping away at your profits, chargebacks can also translate into extra processing time and costs. That’s why it’s important that you carefully track and manage all chargebacks you receive and take steps to prevent them from happening in the future.
Top 5 Ways Our POS Can Make Your Wellness Business More Profitable
by Xplor Pay
As a wellness business owner, you’ve likely encountered a few hurdles while building your business, like driving more booked services, seamlessly accepting payments and increasing retail purchases.
How to Lower Your Credit Card Processing Costs with Interchange Optimization
by Xplor Pay
Many business owners see accepting credit cards as a cost of doing business. After all, if you sell goods or services, you need a way to accept payments.
How to Create a Touch-Free Payment Experience: Contactless Payments
by Xplor Pay
COVID-19 has impacted all areas of our lives, from how we work and learn to how we travel and interact with others. It has also had a dramatic impact on how we shop and pay for goods and services.
As with any economic downturn, many small business owners and consumers are taking a closer look at their expenses and working harder to stick to a budget. For example, many business owners are taking time to dive into their credit card processing statement in order to better understand their costs.
Whether you plan on adding gift cards or they’re a standard offering for your business, it’s critical that you create a marketing strategy. Without it, the task of promoting your gift cards can easily fall by the wayside, especially with all of the other things you have on your plate right now.
Inject Cash Flow into Your Business with Gift Cards
by Xplor Pay
From retail stores to restaurants, gift cards are one of the best ways to quickly inject cash flow into your business. They’re also one of the top ways to drive loyalty.
The concept of passing on the cost of processing to the consumer can be daunting. Trying to educate a merchant about the benefits of these programs can be difficult, especially if both the merchant and the sales representative are relatively new to these concepts.
The topic of cash discounts and surcharges can make your head spin, as they are subject to many specific laws and rules. So, what is a cash discount and is it the same thing as a surcharge?
You must educate yourself on basic interchange costs with a concentration in the four most common types of pass through fees: APF/NABU, assessments, kilobyte, and the Processor/Acquirer Fee. The key is to identify the actual cost for each of these items.
It’s no secret that the credit card processing industry is evolving fast. From online credit card processing services to mobile credit card processing, new products and trends are transforming the way consumers pay for their purchases.
