Posts by Savvy Author
What Is Recurring Payment? Definition, Types & Benefits – Essential Guide
A recurring payment is a payment that is made on a regular basis. It can be used in many different scenarios, such as paying for a subscription to an online service or paying rent each month, or utility bills. There are many different types of recurring payments, but they all follow the same logic: they’re…
Read MoreThe Ultimate Guide to Small Business Credit Card Processing Services
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…
Read MorePayment Processor vs Payment Gateway: Purpose and Differences
Adding a page for customers to input card details isn’t enough to secure their personal information. It is the merchant’s responsibility to provide customers with safe and secure online payment options. This means integrating a program is inevitable. To know whether you have the right payment processor, follow the PCI Security Standards. You can either…
Read MoreDebt Collection Merchant Account
The debt collection industry is a constantly growing one, and with a value of around $13 billion, it is not surprising to see more and more collection agencies being established to grab a piece of the pie. It is growing at a steady annual rate of 1%, but it is expected to grow even faster…
Read MoreWhat is ACH Payment?
An ACH payment is a type of electronic funds transfer that allows you to move money from one account to another without using cash, checks, or other payment methods. The popularity of ACH payments has skyrocketed in recent years due to their convenience and relative security. More than 100 billion transactions are processed through ACH…
Read MoreLet’s Talk About IVR Payment Systems!!
A noteworthy payment innovation is the development of interactive voice response (IVR) payment systems. The system acts as a replacement to live customer service operators by offering computerized voice prompts to your clients. Interactive voice response offers business owners numerous benefits such as reducing employee workload and improving cash flow. Payment Savvy’s IVR service allows…
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