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Showing posts from April, 2021

What are the ways to save money on a POS system?

  A point-of-sale is the right option for all sizes of businesses when they want to streamline their operations with high efficiency. However, it is necessary to keep certain things in mind before investing money in a new system. Most business stores want to install the best POS system for accomplishing their goals with optimal results. At the same time, they should know how to select the right one that suits a business.  Here are some ways online stores can save money on a point-of-sale machine. 1. Shopping around for multiple offers  Nowadays, several merchant service providers offer POS systems for retail shops and online stores with the latest features. On the other hand, they should consider getting quotes from them to compare the prices. This will help a lot to select a system at the best prices to save more money.  2. Negotiating low processing fees  Businesses have to pay high fees while processing card transactions. Therefore, they should negotiate low processing fees while se

7 reasons why mobile POS is the best option for retailers

  POS is ideal for supermarkets, restaurants, hotels, and hospitals to provide better services for customers. With mobile technologies are advancing day by day, retail stores should consider installing POS on their devices. This is because a mobile POS provides opportunities for growing sales in the markets. Moreover, it gives ways to manage a business from anywhere without any hassles.  Here are some reasons why many retailers prefer mobile POS for their business. 1. Enhanced customer service  Mobile point of sale contributes more to enhance the customer service with high success rates. It contributes more to share positive experiences with mobile networks enabling retail stores to accomplish goals significantly. Another thing is that retail stores can know the buying pattern of customers that will help improve sales.                                                                                           2. Multi-system integration with applications The primary advantage of a mobile

How do dynamic CVV codes prevent fraudulent activities?

  Cardholders should protect their card verification value from hacking and other risks to minimize loss of money. A majority of people like to ensure more protection when buying a product or service online. As a result, they prefer choosing a website that offers high safety to consumers. A dynamic CVV code is entirely different from a static CVV allowing a cardholder to minimize fraudulent activities with high success rates. It gives ways to make safer payments with the most advanced technologies. What is a dynamic CVV code? Dynamic CVV code creates a new code periodically when customers like to purchase a product or service online. It has a small electronic screen embedded directly on the back of the card and a person will receive a PIN through SMS or email while making a transaction. However, the code changes every 30-60 minutes that will result in more advantages. It will expire within a few hours thereby showing ways to experience peace of mind.  What are the pros and cons of a d

7 Things to consider before selecting a POS system

A point-of-sale (POS) is necessary for a business because it contributes more to process various types of payments efficiently. Modern POS systems can handle more things than payment processing. Moreover, they provide methods to run a business smoothly that will help a lot to accomplish goals while offering services. Having the right type of POS allows a business to perform many tasks with high accuracy. Stores that need a system should give more importance to important factors for meeting exact needs.  Here are some things to consider while selecting a POS system.  1. Ease of use While selecting a point of sale system, one should consider the ease of use that will help handle complex issues to a large extent. Furthermore, a retail store can handle everything which paves ways to get the desired outcomes.  2. Hardware & software It is necessary to focus more on the hardware & software offered by a POS system because they play an important role in fulfilling the needs of a busin

5 common mistakes SMBS should avoid in credit card processing

  Small and medium-sized businesses (SMBS) should consider several things when they want to set up a merchant account. Moreover, it is necessary to know more about credit card processing in detail for ensuring smooth operations. Another thing is that it gives ways to grow business in the markets thereby helping to earn high revenues. Besides that, a store can build a good image among customers when they purchase a product or service.  Here are some common mistakes businesses should avoid while processing credit cards. 1. Not having a clear understanding of fees A business owner or store should understand the fee structure clearly before choosing a merchant account. This is because several factors will influence the credit card processing fees and one should aware of them with more attention. Before signing up, businesses should gather more details about them including terms and conditions.  2. Paying excess fees  SMBS has to pay excess credit card processing fees when they don’t hav

How to Pick the Best Payment Channel for Your Business

  Sometimes as a business owner being subjected to credit card processing jargon can be overwhelming. What is a payment channel? Which payment channel to choose for my business? In this article we have compiled all the answers to your questions. What is a Payment Channel? A payment channel is a method where a customer can pay for their purchase anywhere or you as a merchant can accept payment anywhere. Payment channels are related to the mechanism of payment. The following are included as payment channels- Over the phone payments such as MOTO Physical POS systems Mobile Payments Online checkout solutions Payment channels are related to retail channel even if they do not specifically refer them. Brick and mortar stores, catalogue business and e-commerce are retail channels. Payment channels in relation to your business You do not need every single payment channel for your business. You can select the payment channel that is the most applicable to your business currently and then grow y

Can Mobile Credit Card Processing Efforts Work Offline?

  You might assume you have to manage all your mobile credit card processing efforts while online. But you can still collect mobile card payments while offline, which is necessary for when you lose an internet connection.  The worst part about internet connections is that they can be unstable at times, making it harder for you to keep collecting payments from your customers. Don’t forget the times when you’re in spots where online signals aren’t readily available. A processing system that can work offline is a necessity for these situations. A traditional online payment processing effort will entail a terminal moving card information through an online connection. But the authorization and verification processes cannot work without an online connection. You can still manage your credit card processing efforts offline with a mobile terminal. The process uses these steps: A customer will provide one’s payment information through your mobile credit card processing device. The device will

Choosing the Right Retail Merchants Services For Your Business

  Every business should accept credit card payments, as many people are more likely to pay for products or services with their cards. You can hire retail merchants services to help you accept card payments, but every provider available is different. You can use a few points when choosing a retail merchants service that fits your demands. What Needs Do You Have?  You can start looking for online merchant services by considering the unique needs you have for work. Some services may offer shopping carts you can utilize, or they might be ones that can integrate with your current infrastructure. Always review the capabilities you have and what you demand before choosing retail merchant services that can fit your unique needs. You may also have needs for specific transactions, whether they entail CNP transactions with a CVV number or pay-by-check options. Your merchant service provider should support your unique demands for work. Watch For Simplicity Anything you utilize for your merchant