Posts by Jason Rabago

Key Takeaways Role of Independent Sales Organizations (ISOs): ISOs are third-party entities that handle payment processing and merchant accounts for businesses, serving as intermediaries between acquiring banks and merchants. ISOs vs. MSPs: ISO (used by Visa) and MSP (Member Service Provider, used by MasterCard) are terms that can be used interchangeably, as they both facilitate…

Medical expenses are a major cause of bankruptcy in the U.S. The average American spends about $12,500 per year on health care. That’s a lot of money to pay out-of-pocket, especially when you consider that most people don’t have thousands of dollars sitting around in a savings account. What many people don’t realize is that…

A health savings account, or HSA, is a tax-advantaged account that allows account holders to save for qualified medical expenses, such as dental services or vision care, that are not reimbursed by high-deductible health plans. Apart from being handy for saving on medical costs, HSA is also useful for reducing taxable income. If you’re wondering…

Key Takeaways EFT Payments: EFT (Electronic Funds Transfer) involves moving money electronically from one account to another, suitable for different types of payments. Types: EFT payments include ATM transactions, card transactions, direct deposits, electronic checks, mobile wallets, online banking, telephone banking, wire transfers, and peer-to-peer payments. Benefits: EFT offers time-saving, efficient expense tracking, improved cash…

Barely a couple of decades ago, there were just a few options available for transferring money from one account to another, but the rise of internet banking has given way to a bunch of different services with different names, processes, fees, and waiting times. The banking world has, thankfully, moved on quite a bit from…

Using an efficient credit card processing service has become essential for any small business that wants to thrive in today’s economy. Whether you’re an online merchant, hairdresser, or own a restaurant or bookstore, providing your customers with fast credit card payments can significantly depend on your potential success. Customers have become impatient. Whether they’re paying…