Merchant Account & E Commerce Payment Processing Insights
The motto at BAMS is to deliver superior customer support and education about merchant accounts.
Merchants need to have a strong handle on their business, especially with regards to how the business is growing and any risks to that growth. One potential risk comes from arbitration fees, which are assessed when the chargeback process is taken to the arbitration stage and ruled in favor of the cardholder. Continue reading “What Are Arbitration Fees and How Are They Assessed?”
Mobile devices have become an ingrained and integral part of our daily lives. Today, over 80% of adults in the United States own a smartphone, and roughly half own a tablet. More than just communication tools, those mobile devices exist to entertain us and make our lives easier, and, unsurprisingly, they’ve become a go-to tool for one of our favorite pastimes – shopping. In 2020, 167 million Americans bought something on a mobile device, making mobile shopping an opportunity merchants can’t afford to miss out on. Continue reading “Three Different Types of Mobile Payments Explained — How Consumers Pay with their Phones in 2021”
COVID-19 has caused enormous hardships for small business owners across the vast majority of industries, but perhaps no sector has been hit harder than food service. The rapid spread of the virus has damaged the restaurant industry in two major ways; far-reaching regulatory restrictions and changes to consumer behavior. Continue reading “The Restaurant Industry Continues to Struggle Amid COVID-19 in 2021”
Nobody likes waiting to access money they have rightfully earned. Yet, that’s the situation the vast majority of merchants are forced to deal with on every single sale they make due to the standard funding holds imposed by most payment processors. Those processors’ merchant accounts don’t give merchants access to the funds from their sales immediately. Instead, funds are held for two, three, or in some extreme cases, even four business days before being deposited. Continue reading “All About Next-Day Funding Merchant Account Services”
2020 was an unprecedented year for brick and mortar merchants, as the global COVID-19 pandemic saw many businesses forced to close and strict guidelines put in place limiting in-store activities. In turn, consumers flocked online, boosting ecommerce sales by 45% year-over-year and accelerating ecommerce adoption by as much as five years. Consumer habits are like a ratchet – they only go one way – and that means that the same new shopping behaviors consumers developed during 2020’s online rush will likely stay with them long after COVID-19 is a distant memory. Continue reading “Ecommerce in 2021 – 3 Online Business Trends for a Post-COVID World”
A touch screen point-of-sale (POS) system is like a typical POS system, but the software operates on handheld devices and tablets, rather than traditional POS hardware. Touch screen POS systems are web-based and can synchronize in real time to a variety of other software solutions, enabling merchants to monitor their businesses from anywhere in the world. Continue reading “2021 Best Touch Screen POS Systems for Retail Merchants”