Search Results for: rates

Credit Card Processing, Specialty Businesses

Wepay, Stripe Connect, and Platform-Style Credit Card Processing

Ben Dwyer
by Ben Dwyer

Called “platform” or “marketplace” payment processing, this special type of merchant account enables you to securely accept payments when you run a marketplace instead of a direct-to-consumer business. In this article, we’ll take a look at a couple major players: Wepay and Stripe Connect. This article assumes that you already have a basic familiarity with […]

TwitterFacebookLinkedIn

If you’re looking to accept credit and debit payments from one client on behalf of another client, you’ll need specialty credit card processing.

Read More

Restaurants and Bars

Is MICROS the Right POS System for Your Restaurant?

Ben Dwyer
by Ben Dwyer

Anyone who has ever worked in the restaurant business has likely come across MICROS at some point. The touchscreen systems are ubiquitous. But they’re also expensive, and with today’s broad range of choices in POS system, many restaurant owners wonder if it’s worth the cost. Unfortunately, no one can answer that question for you. But […]

TwitterFacebookLinkedIn

Restaurants have more choices than ever when it comes to POS systems. How do the old classics like MICROS compare?

Read More

Credit Card Processing, Security and PCI Compliance

Tools for Protecting Your Business from Credit Card Fraud

Ben Dwyer
by Ben Dwyer

Many businesses, especially smaller companies, don’t think much about credit and debit card fraud. But oversights and not using proper anti-fraud tools can add up to expensive mistakes. Taking precautions can help minimize your risk. Fraud Prevention for Business Debit and Credit Card Fraud: The Consequences Preventing Card Fraud Types of Debit and Credit Card […]

TwitterFacebookLinkedIn

Taking credit cards is necessary these days. So is protecting your business from potential fraud those cards can bring.

Read More

ecommerce

The Best Shopify Alternatives

Ben Dwyer
by Ben Dwyer

Shopify gained popularity as an easy-to-use all-inclusive online store builder. But it does come at a cost. In addition to monthly plans, you’ll also pay credit card processing rates that are on the high side. These costs leave many businesses wondering if there’s an alternative to Shopify that doesn’t sacrifice features. The good news? There […]

TwitterFacebookLinkedIn

If you run an ecommerce store, you’ve probably heard of Shopify. The platform offers an “all-in-one” solution with integrated payment processing.

Read More

Restaurants and Bars

Uber Eats for Restaurants

Ben Dwyer
by Ben Dwyer

However, it’s not without drawbacks. Some restaurants find the commissions (30% or more) to be too steep, while others explain that the delivery app cannibalizes walk-in business. However, plenty of other restaurant owners find that Uber Eats and similar delivery apps do raise sales. Let’s take a look at how it works and what you’ll […]

TwitterFacebookLinkedIn

These days, restaurants have a choice of many different delivery apps with whom to partner. Uber Eats is among the largest of those apps.

Read More

Credit Card Processing

Clover vs Vital: POS Systems and Credit Card Machines

Ben Dwyer
by Ben Dwyer

As First Data / Fiserv and TSYS / Global Payments are competitors, it’s no surprise that TSYS looked to challenge First Data on the equipment front. After First Data’s success with the Clover line of processing machines, TSYS had to do something to catch up. Enter the Vital line. In this article, we’ll compare the […]

TwitterFacebookLinkedIn

In this corner, Clover: the point of sale and mobile solutions available from processing giant First Data (now Fiserv). In this corner, Vital: the challenger from major processor TSYS (now part of Global Payments). How do they compare?

Read More

Restaurants and Bars

Should You Use DoorDash for Your Restaurant?

Ben Dwyer
by Ben Dwyer

Founded in 2013 by Stanford students, DoorDash has grown to be in over 800 cities and boasts over 200,000 local drivers. With a reach like that, it has the potential to significantly help your business by handling deliveries so you don’t have to. How Your Restaurant Would Use It Is DoorDash in Your Area? Signing […]

TwitterFacebookLinkedIn

DoorDash is an on-demand food delivery service that uses technology to facilitate door-to-door delivery. Is it a good idea for your restaurant?

Read More

Interchange Fees

Mastercard Standard Interchange Downgrade

Ben Dwyer
by Ben Dwyer

Every time you accept a credit card at your business, you’re charged a fee. Part of that fee comes from interchange, but there are hundreds of interchange categories. Each transaction has a “target” interchange category (and associated cost) that a transaction should qualify for if basic requirements are met. However, if those requirements aren’t met […]

TwitterFacebookLinkedIn

An interchange “downgrade” happens when a credit card transaction doesn’t meet requirements for a preferred interchange category.

Read More