Posts by Tracy Sullivan

High-risk merchant account approval is not easy. Turn-around times and approval criteria vary from processor to processor. Both of these processes can take an extended amount of time. In the meantime, you’re left hanging around unable to accept payments from your eager customers. Fortunately, there are steps you can both avoid and take to expedite your…

Opening a merchant account is essential for the success of a business. It’s a convenient way of receiving payments without relying on snail mail or cash. You can accept credit and debit cards and other electronic payment modes consumers use with a merchant account – such as ACH.   It would be best if you worked…

A business cannot thrive if the customers aren’t paying. Unfortunately, many law firms struggle with getting clients to pay and maintaining steady cash flow. Enter law firm collections. Fortunately, this sad reality is easily rectified. There are simple ways law firms can improve their collection practices and get clients to pay them on time. Here…

On the surface, running a small business might seem like a breeze. But it is quite the opposite. Small business owners are the managers, accountants, marketers, and cashiers of their enterprises. They are tasked with nearly all required duties to run a business successfully. Because of this busy schedule, small business owners rarely find time…

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…