Risk Review

Card brands, such as Visa and MasterCard, assess risk levels before boarding a merchant. Due to an acquiring bank processing card funds on behalf of merchants, MasterCard and Visa delegate this risk review to them. Merchant’s Risk Review Determining merchant risk is not clear-cut. There are numerous factors to carefully consider and weigh. These factors…

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Merchant Service Provider

A merchant account is a must-have if you want to collect electronic payments for your business. This includes debit cards, credit cards, HSA/FSA cards, and ACH, or e-Check, payments. Despite a merchant service provider being a crucial tool for business success, not all processors are created equally. Choosing the wrong merchant service provider could be a…

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Electronic Signatures

All the mobile apps and online sites aside, one thing has remained important – the signature. In the past, individuals used to sign their signatures on paper with a pen. This is called a wet signature. However, electronic signatures are a modern signing method that is expanding rapidly. These signatures ensure business is not slowed…

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Successful Debt Recovery

When customers do not pay promptly, a company’s cash flow is significantly affected. Therefore, designing an effective collecting strategy for past due accounts is vital for success. Here are several successful debt recovery tips any business can utilize to manage their account receivables effectively. 1. Send Automatic Payment Reminders The payment reminder game has drastically…

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