Partnering with a trusted credit card processing service provider is more important than one might think for their business. Unfortunately, not all credit card processing companies operate the same. Misconceptions and misleading information can lead to a direct effect on your bottom line. Check out these 3 roadblocks to avoid when choosing a credit card processor.
With the ability to eliminate all transaction fees for credit card acceptance, surcharge programs are rising in popularity. But there remain many misconceptions about these types of programs. Can any business roll out a surcharge program? Are there regulations and guidelines that must be met? Let’s break down some of the most important details. If you decide to implement a surcharge program for your business, avoid misinformation and trust a proven partner who can ensure you remain compliant with the card brands.
New Jersey community banks are vital contributors to the growth and financial health of the state. For many consumers and businesses, community banks are the preferred choice for financial assistance, guidance and security. Although in recent years, consolidation and acquisition in the industry have led to stiffer competition with big banks. Large national banks that once dominated big cities are stretching into the community space.
Clark, NJ, October 13, 2021 . . . On The Mark (OTM) Payments, a provider of customized electronic payment solutions, is pleased to announce a strategic partnership with Balance Point, a leading provider of integrated human capital management solutions for small- to mid-sized businesses.
The credit card acceptance landscape is constantly changing. Since the pandemic began, credit card usage has increased significantly. That’s why it’s imperative to stay up to date on the latest trends when it comes to accepting credit cards because these trends could directly affect your business!
When Venmo launched in 2009, the “fast cash” app aimed to provide a solution to splitting the bill with your friends, whether it was going out to dinner, going to the movies or catching a concert together. But as the popular app evolved, businesses started to take notice. For some businesses, the app has become another way to accept customer payment.
Today, there are multiple ways to pay for goods. Cash, debit card, credit card or even the newer forms of electronic payments like digital wallets. But many merchants accepting credit cards have long grumbled about the cost of fees – and that sentiment has only grown louder now following the pandemic. Well, we are here to tell you there is a way to accept credit cards AND save on operational costs!
As business owners ourselves, we understand the value of operational cost savings in today’s landscape. We talk to a lot of business owners every day – from every industry – and they all have the same item on their cost-saving wish list: lower fees for accepting credit cards. Imagine their delight when we share with them that we can do more than lower their fees. We can actually ELIMINATE transaction fees on credit cards!