These 2 pricing methods are very different. According to an article on merchantnegotiators.com, It is most common for credit card companies to charge their merchants by the tiered pricing model. The article further explains that this model splits all transactions into different tiers, usually 3 or 6. Each tier has a fixed amount to charge each transaction…
The holidays are the busiest time of year for many businesses. That is why holiday preparations for small businesses are so important. When businesses are extremely busy it can cause more stress on the employees. Being properly prepared will help decrease stress and will enable your employees to work more effectively. Joshua Sophy’s article on smallbiztrends.com…
Being an entrepreneur takes hard work and dedication. It is imperative to stay on top of industry trends since they change yearly. In addition, if you want to be successful as an entrepreneur, it can be extremely beneficial to have a mentor, according to Sujan Patel’s article on entrepreneur.com. Choosing a mentor that is successful in your…
PCI stands for payment card industry. PCI compliance ensures the safety of credit card information during and after all transactions, according to an article from searchcompliance.techtarget.com. The article also lists the 6 main requirements for being PCI compliant. First you want to make sure that the network that you are maintaining is secure. Many merchant service…
Merchant surcharging is a process that involves assessing a checkout fee each time a customer uses a credit card to pay for a purchase. While the practice is common in a number of settings, it pays to think the process through before you decide to apply this type of fee. Here are some aspects to…
Many people dream of creating a successful retail business, yet few of those people actually end up doing it. When creating a business it is important to gather resources that will help with your future success. Getting tips and advice from experts in your field will help you know what to expect, as well as what…
Credit card fraud is a situation you don’t want to be in! That is why it is important to take the precautions necessary to ensure that your credit card stays protected. An article on discover.com discusses 5 ways to protect yourself from credit card fraud. The first suggestion is to monitor your transaction records as well…
The finances of a business are what keep it thriving. Many business owners don’t know how to properly manage their finances causing money problems in the future of their company. The first thing that you should keep in mind when managing your small business finances, according to Kirk Simpson’s article on forbes.com, is to keep…
Running a business takes a lot of hard work. Learning from the mistakes of other business owners can help you better run your business. The first mistake many business owners make, according to Brandon Lucero’s video on youtube.com, is trying to do everything themselves. If you do everything yourself than you are limiting the growth…
If you run or manage a business, then you likely know the importance of keeping up with the latest marketing trends. However, many business owners have overlooked the importance of monitoring changes in the way that customers pay for goods and services. The internet has changed how people spend and accept money, but the popularity…