Payment Card Industry Compliance, or PCI compliance, is vitally important to anyone accepting payment through credit card, in order to avoid fines and protect customers. The PCI security standards council (PCI SSC) was set up to ensure that all customers' data is stored properly and encrypted to protect the integrity of your business, and the safety of your customers.
Also known as net capital, in short, working capital is a term used to denote all the money a given company has at its disposal, as a means of covering expenses. A sum that is reached by taking the sum of the difference of a company's current assets and liabilities, working capital can be used in order to restock inventories, pay short-term debts and much more.
The largest retailers like Target, Walmart, and Nike offer gift cards. Your business should offer them too. A gift card program can boost revenue, grow your customer base, and increase foot traffic. Here's how to get your gift card program off the ground.
Do you love to travel? Do you carry a huge balance? Do you enjoy earning cash back on everything you purchase? There's a credit card for that. Actually, many, many, many of them. If you have a mailing address, you're well aware that you have options galore when choosing the right credit card for you. Out of all the credit cards out there, here are the three most commonly used credit cards in the United States, based on consumers' search patterns and the number of applications.
As a retailer, you probably know what a point of sale (POS) system is. It's a compact set of equipment with a computer, monitor, scanner, compartment for cash, printer and credit card reader.
Now, you might think POS systems are only for handling money. But the truth is that these products can also make money. How is that possible?
Well, just consider what Clover's POS could do for you.
Navigating the confusing world of merchant accounts can be stressful and difficult if you don't know exactly what you need and don't fully understand the terminology utilized by merchant account companies. Merchant account pricing schemes, along with the various credit card fees associated with merchant accounts, can be complicated.
Being aware of the different credit card fees, as well as the types of pricing schemes offered, can enable you to better spot a good deal and choose the merchant account provider that is right for your business.
Both men and women today are capable of starting and running highly successful businesses. However, despite the success of both male and female-run businesses, there are many differences between the two, beginning with the reason men and women start businesses to the management style to the ultimate goals of the business.
While these differences between male and female-run businesses certainly don't always apply to every business, several studies, including studies from the SBA, have reported significant differences inherent in many of the businesses operating today.
Whether you're just starting out running a small business or you're managing the expansion of your medium-sized company, owning a business comes with a ton of responsibility. There are business decisions to make, clients to call/contact and meetings to run. But often business owners' lives spill over into their personal lives.
As a business owner, it's essential to set up boundaries and define your limits if you want to be successful and happy. Here's how to get it done:
The future of shopping has arrived with the help of Amazon Go. Thanks to this new innovative shopping technology, Amazon has literally made shopping easy for its Prime members and it's expected to expand up to 3,000 stores by 2021. These innovative stores require no checkout. Prime members can now go to these stores and pick up the items they want without talking to anyone. All they have to do is walk into an Amazon Go store and the technology automatically charges the payment method they have on file in their Amazon Prime accounts. The best part about Amazon Go is that it has much you can leverage. Here are a few key benefits of using Amazon Go:
The most common form of credit card processing pricing is the tiered option. Depending on the nature of the transaction, the applicable fee can vary greatly -- making cost forecasts exceptionally difficult.
But there's another option for merchants, and it makes projecting the cost of credit card fees a lot easier. It's called "interchange" or "cost plus" pricing, and it's growing in popularity around the world.