Next-day funding is one of the most beneficial services a payment processing partner can offer to your business. The standard funding hold imposed by most merchant services providers can easily eat up two to three days between the time you make a sale and the time that money lands in your bank account. That’s valuable time, and by eliminating it, payment processors that offer next-day funding – like BAMS – make it clear that your company’s financial health is their top priority, even if it means assuming a little more risk on their end. In addition to the reaffirmation of your processing partner’s commitment to your company’s success, next-day funding also offers a number of significant benefits to your business – both tangible and intangible. The following represent just three of those benefits and make it clear why the availability of next-day funding should be an important box to check off whenever you shop for a new merchant services provider.
Successful retailers know two things: you have to give customers as many payment options as possible, and you have to ensure they can make those payments quickly. That ensures happy customers in brick and mortar environments and ensures minimized cart abandonment online. All merchants understand the importance of accepting debit and major credit cards, but not all merchants know how much they stand to gain from adopting one of the newer payment solutions on the market – Apple Pay. Continue reading “Why Your Store Should Be Accepting Apple Pay – The Top 5 Reasons Apple Pay is a Must for Merchants in 2020”
Access to cash might be the most important financial factor in any merchant’s long-term operational success. Yet, many merchants don’t consider how their selection of a payment processing partner will impact that all-important liquidity. The delay between the moment a sale is made and the moment that money becomes accessible in the bank – also known as the funding period – doesn’t always seem as pressing as things like transaction fees and hardware costs, but it plays a huge roll in everything from meeting obligations to sleeping well at night. Luckily, some payment processors offer shorter funding periods than others, and merchants with the right processing partners can gain access to their hard-earned money in 12 hours or less through a feature known as next-day funding.
There are a number of reasons Stripe customers might want to export their historic business data, not the least of which is a switch to a new payment processor. And while accessing and exporting that information is a straightforward process, some users are unaware of what they can access and where they have to go in their account dashboards to get it. The following is a quick crash course in the simple, easy steps necessary to generate CSV (and QuickBooks) reporting for export and later use with other applications or new payment processors.
If you’re a merchant hosting an online store with Volusion, you’ve probably heard by now that the company has hit a rough patch. In late July 2020, Volusion quietly filed for bankruptcy. According to the company, the bankruptcy filing is meant to address an unstable capital structure that requires reorganization. But, regardless of why the company filed for Chapter 11, the question on every Volusion merchant’s mind is, what does it mean for business? The good news is that it might not mean anything, the bad news is that, at this point, it’s impossible to really be sure one way or another.