Posts by Lauren Vanegas
As a small business owner, you know that it’s important to accept as many forms of payment as possible. This way, you can ensure that your customers can pay the way they want to. And when it comes to secure payment processing, you need to make sure that your customers’ data is safe and secure.…
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7 Ways Small Businesses Can Rise Above Inflation
As a small business owner, you’re always looking for ways to keep your bottom line in the black. But with inflation in the United States reaching 8.5 percent last month – the highest rate since 1981 – that’s becoming increasingly challenging. Combine inflation with the COVID-19 income loss and supply-chain difficulties, and profitability and viability…
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Industry Spotlight: Third-Party Debt Collection
Once upon a time, companies around the globe incurred substantial losses due to delinquent receivables. With no clear policies on recovering past-due debts, entities, at times, engaged in unscrupulous methods to recover these owed revenues. A better way to handle this process was desperately needed. Fast forward to the present day, and professional third-party debt…
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What Interchange Rate Increases Mean for Your Business
Merchants, your credit card rates might be going up in April. Both Visa and Mastercard are preparing to raise the costs that many companies pay when consumers use their credit cards. Starting April 22, 2022, if your company processes more than $250,000 in card payments each year, you’ll want to brace yourself for this change.…
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The 4-1-1 on the Consumer Credit Fairness Act
A new NY law – the Consumer Credit Fairness Act – directly affecting debt collectors in the state starts to go into effect on April 7, 2022. What does the law entail, and how will it affect your collection operations? Don’t be concerned; we’ve put up this helpful tutorial that breaks down the legislation and…
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Get Your Ducks in a Row with a Redundant Merchant Account
Did you know that one in four businesses experience a payment processing outage each year? For high-risk businesses, this can be disastrous. A payment processing outage can mean lost sales, missed opportunities, and even closure. That’s why business owners must have a backup plan in place. One of the best ways to do this is…
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