Posts by Tracy Sullivan
What are ACH Payments ? ACH Debit & Credit Explained
Key Takeaways Understanding ACH Payments: ACH (Automated Clearing House) payments and debit card transactions are two popular options for receiving customer payments. Knowing the differences between them can help you choose the best payment method for your business. Debit Card Payments: Debit cards deduct money directly from a consumer’s checking account to pay for a…
Read MoreIndustry 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…
Read MoreWhat 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.…
Read MoreGet Rid of Pesky PCI Non-Compliance Fees
If you’re in a high-risk industry, such as collections, CBD, travel, or even e-commerce, you know how expensive payment processing can be. On your monthly processing statement, one fee you might see is a PCI non-compliance fee. You will be charged these fees if you have a merchant account that does not follow the secure…
Read MoreA Guide to Online Payment Processing
If you’re an e-commerce business owner, you know that taking payments is essential to your success. But did you know that there are many different ways to process payments? This guide will explain the basics of online payment processing and provide tips on choosing the proper method for your business. So read on and learn…
Read MoreThe 4-1-1 on Skip Tracing
When a consumer defaults on payment, you first contact them about the missed payment. What happens when that customer vanishes completely? To collect debt more quickly, many businesses utilize collection agencies. One of the tools agencies employs when a consumer goes MIA is skip tracing. Interested to learn more about the tool? Read on to…
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