Diagnose the hidden funding gaps draining your margins before they become credit decisions Learn to spot seven warning signs that your deposit schedule is quietly pushing you into short-term borrowing. Discover how rolling reserves, funding gaps, and processing delays compound into real costs—and how a cash flow calendar can eliminate them. TL;DR Deposit delays force […]
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7 Signs Delayed Deposits Are Forcing You to Borrow
Chargebacks are a reality of accepting credit card payments. While many chargebacks are requested for valid reasons, there are plenty of cases in which disputes are initiated despite the merchant holding up every aspect of their end of the bargain. Unfortunately, many merchants don’t really understand the dispute process, how to handle a chargeback, or […]
Square is one of the world’s most popular payment processors, offering simple payment solutions and equally simple hardware to businesses looking to take electronic payments both online and in-store. One of Square’s most notable features has long been its pricing structure; a straight 2.75% with no additional flat fee tacked on to each transaction. But […]
Sometimes you just don’t have the time or personal knowledge necessary to purchase someone a truly personal gift, and in those instances, nothing beats a gift card. They’re kind of like cash, but not nearly as impersonal, and the convenience they provide for the giver and recipient makes them incredibly popular. But gift cards aren’t […]
E-commerce transactions are all about trust. Customers need to feel 100% confident that their personal information and payment details are stored and transmitted with total security, or they simply won’t make a purchase. When breaches do happen, the damage – both financially and psychologically – can be immense, and as a result, businesses simply can’t […]
From retail stores to restaurants and beyond, hardwired cash registers are giving way to flexible, mobile point of sale (POS) systems designed to make it as easy as possible for customers to pay and for employees and management to go about daily tasks like inventory management, stock ordering, reporting, and more. LightSpeed Retail, ShopKeep, TouchBistro, […]
Square is almost synonymous with phone-based mobile payment processing, but Clover – a company owned by processing giant First Data – has been carving out their own chunk of the market and making a name for themselves with availability in retail settings like Sam’s Club. Each company offers a small card reader designed to integrate […]
Strong positive cash flow is one of the single most important factors in maintaining a healthy business, and anything you can do to boost and protect it is worthwhile. BAMS has designed a number of solutions to help ensure our merchants always have the positive cash flow they need to keep operations running smoothly and […]
In 2017, a class-action lawsuit was brought against Worldpay Inc. alleging that 200,000 merchants were overcharged with unexpected markups and additional fees. Worldpay settled that lawsuit for $52 million, but it’s recently come to light that, despite the settlement, Worldpay may not have changed the practices that led to that legal trouble in the first […]
Chargebacks are a reality of accepting card payments, and no merchant doing any significant volume can avoid them altogether. Sometimes a chargeback is outright fraudulent, and many are the result of poor customer service or misunderstandings between merchants and customers. But whatever the reason may be, merchants need to be ready to fight back when […]
Intuit’s QuickBooks is undoubtedly the king of the hill when it comes to popular cloud-based accounting software. But there are a number of competitors on the market currently offering their own robust accounting products capable of challenging QuickBooks’ dominance. Three of the most popular QuickBooks alternative include Xero, FreshBooks, and Zoho Books, each offering their […]
What makes a reasonable transaction fee? Amazingly enough, a lot of merchants never ask themselves that question, and failing to think about fees almost guarantees overpaying them. Flat fees, like the kind charged by PayPal and Stripe, are probably among the most common out there. They’re straightforward and easy to grasp, and as a result, […]
On May 7th, 2019, PayPal updated its user agreement and made a big change that impacts every single one of their sellers in an inarguably negative way. Prior to the change, any time a refund was provided to a customer, the slice of the pie that PayPal had taken on the transaction was returned to […]
On May 31st, 2019, QuickBooks discontinued support for their QuickBooks Desktop 2016 accounting and finance software – one of the most popular accounting and productivity tools available. That discontinuation was planned and shouldn’t come as a surprise to any Desktop 2016 users, but it still causes headaches for QuickBooks’ large 2016 userbase, annoying some even […]
Prevent Shopping Cart Abandonment by Reducing Checkout Friction Businesses can prevent shopping cart abandonment by making the path from cart to completed payment easier to follow. Shipping transparency, payment security, checkout speed and convenient payment options can all influence the customer experience. For online merchants, an eCommerce merchant account can support the payment infrastructure behind […]
Shopify is a great platform, and its ease of use has resulted in skyrocketing popularity over the last few years. But as an all-in-one solution, Shopify also comes with some major downsides – namely the costs. As with all third-party payment processors, the fees charged by Shopify on transactions are higher than the fees charged […]
Protect Payment Data and Reduce Business Risk Strong payment security helps businesses protect customer information and reduce the financial and operational risks associated with a data breach. PCI compliance provides a common security framework for businesses that handle payment account data. Let’s talk about PCI Compliance. In the summer of 2019, it came out that […]
BAMS has been offering electronic payment processing solutions to thousands of merchants all across the globe for well over a decade. Our experience and commitment to customer satisfaction and savings mean that there are a number of significant benefits to choosing BAMS as a payment processor – benefits that our competitors simply can’t match. From […]
A merchant’s profitability is determined largely by the costs of doing business, and one of the most common costs merchants in the digital age run into is the fees associated with processing card payments. Many merchants just assume that all payment processors and all fee structures are alike, but that couldn’t be more untrue. Merchant […]
