BAMS Blog

Next Day Funding
Featured Article Next-Day Funding in Ecommerce: How Faster Access to Funds Impacts Online Merchants

A lot goes into running a business, and while many merchants love their work, at the end of the day it’s all about the money. Unfortunately for many merchants, particularly ecommerce merchants, the fruits of their labor are often delayed by the logistics involved in electronic payment processing. Every dollar that doesn’t come in as […]

What Are Arbitration Fees What Are Arbitration Fees and How Are They Assessed?
Read More

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. 

Mobile Payments Three Different Types of Mobile Payments Explained — How Consumers Pay with their Phones in 2021
Read More

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 […]

The Restaurant Industry Continues to Struggle Amid COVID-19 in 2021 The Restaurant Industry Continues to Struggle Amid COVID-19 in 2021
Read More

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.

All About Next-Day Funding Merchant Account Services All About Next-Day Funding Merchant Account Services
Read More

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 […]

Ecommerce trends 2021 COVID-19 Ecommerce in 2021 – 3 Online Business Trends for a Post-COVID World
Read More

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 […]

Touch Screen POS 2021 Best Touch Screen POS Systems for Retail Merchants
Read More

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 […]

E-commerce Fraud Prevention Tips E-commerce Fraud Prevention Tips – 5 Ways to Reduce Your Exposure to Fraud and Data Theft
Read More

Fraud is expensive. Not only does it have the potential to rob your ecommerce store of revenue and inventory, but, if left unchecked, it can also put you in the doghouse with card issuers and payment processors, driving up your fees as well. That makes combating fraud an important part of your online business strategy. […]

Next-Day Funds – A Key Merchant Service for Maximum Business Well-Being Next-Day Funds – A Key Merchant Service for Maximum Business Well-Being
Read More

Next-day funding is a merchant service some payment processors offer to trusted merchants. This waives the standard holds that generally hold up funds for as many as three business days on each and every batch. If you’re currently facing multi-day holds, you’re likely familiar with the frustration they can cause. Beyond frustration, there are serious […]

2020 Letter from the President 2020 Letter from the BAMS President
Read More

Dear Valued Clients, This year is coming to an end and I would like to take a moment to thank you for your business and continued trust in 2020. Since the outbreak of COVID-19, BAMS has taken every step possible to ensure that our clients are able to continue to accept payments safely. The support […]

Successful Loyalty Model in Merchant Payments Successful Loyalty Model in Merchant Payments
Read More

Have you ever stamped a card in anticipation of a free coffee? Presented a swipe card to gain points towards your next gallon of gas? Signed up for a payment card offering a percentage of your purchase back? If so, you’re already very familiar with customer loyalty programs.  Loyalty programs represent a great way to […]

Apple Pay for Small Businesses Apple Pay for Small Businesses – Getting Started with a Must-Have Payment Option for 2021 and Beyond
Read More

Apple Pay is Apple’s proprietary electronic payment solution, working hand-in-hand with Apple Wallet, the company’s card storage platform. Its userbase is growing extremely rapidly, and the system is well on its way to handling one out of every ten card payments by 2025. To use Apple Pay, users program their debit and credit card information […]

Commerce in a Post-COVID World: Are Contactless Payments the Solution? Commerce in a Post-COVID World: Are Contactless Payments the Solution?
Read More

The global spread of COVID-19 threw the entire globe into chaos, and businesses all over the world suddenly found themselves operating under new, strict rules – if they were allowed to operate at all. That put an enormous strain on the entirety of retail, with few sectors emerging unscathed. But limited access to the businesses […]

Where’s My Money? Why Funding Can Take So Long and How Merchants Can Gain Access to Their Funds Faster Where’s My Money? Why Funding Can Take So Long and How Merchants Can Gain Access to Their Funds Faster
Read More

There are few things more satisfying than checking your numbers after a strong day of sales. But what is far less satisfying is having to wait days – often half a week or more – to enjoy the fruits of those sales due to annoyingly long hold periods imposed by your merchant services provider. That’s […]

What Merchant Services Providers Do: How Companies Like BAMS Help Businesses Like Yours Succeed What Merchant Services Providers Do: How Companies Like BAMS Help Businesses Like Yours Succeed
Read More

Merchant services providers have a huge role to play in the success of all companies accepting electronic payments, both online and in-store. But, whether you choose to partner with a third-party processor like PayPal or to open up your own personal merchant account through a company like BAMS, it’s important that you understand exactly what […]

Is Toast a Good POS system? The Pros and Cons of Putting Toast to Work in Your Restaurant Is Toast a Good POS system? The Pros and Cons of Putting Toast to Work in Your Restaurant
Read More

Toast is a software company that provides restaurants with point-of-sale systems, as well as a host of other products covering ordering, management, and payment solutions. Toast’s flagship product is its Android-based cloud POS, which offers restauranteurs an easy-to-use, efficient software suite and simple, modular hardware. The success of that POS drove Toast’s value to over […]

Webinar Replay: How to STOP Losing Money on Every Sale  WITHOUT Spending a Penny to Make it Happen Webinar Replay: How to STOP Losing Money on Every Sale WITHOUT Spending a Penny to Make it Happen
Read More

Learn how to lower your credit card processing fees and save money.

Next-Day Funding in Merchant Services – The Advantages of Getting Your Money Faster Next-Day Funding in Merchant Services – The Advantages of Getting Your Money Faster
Read More

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 […]

Why Your Store Should Be Accepting Apple Pay – The Top 5 Reasons Apple Pay is a Must for Merchants in 2020 Why Your Store Should Be Accepting Apple Pay – The Top 5 Reasons Apple Pay is a Must for Merchants in 2020
Read More

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 […]