There are only so many parts of running a business that you can prepare for. Like many aspects of life, it’s difficult to truly understand what it takes to be a successful business owner until you’re in the thick of it.
For example, one thing that no one tells you about starting a business is just how problematic chargebacks can be to an owner’s bottom line. Individually, these fees may not add up to much, but when underestimated and mismanaged, they can end up costing you big time.
When searching for the right payment processing solutions for your business, consider the importance of chargeback defense.
Continue reading “Why Chargeback Defense Is Important?”
In the day-to-day grind as a business owner, you’re in a constant state of juggling. Whether it’s managing staff, approving new products, marketing an event, or one of a hundred other things piled up on your to-do list, there’s no shortage of tasks vying for your attention.
It probably comes as no surprise then that of the roughly 400,000 small businesses launched within the U.S. every year, 20% of them fail before those first 12 months are through. For many businesses, especially those on the smaller side, there simply aren’t enough resources to remain both efficient and profitable long term.
Continue reading “All About Our Low Price Guarantee”
Over the past decade, the world of e-commerce business has completely transformed consumer purchasing behaviors. Practically everything you once had to procure in-person can now be purchased from the convenience of your couch through a series of clicks, taps, and confirmation emails.
In fact, 1.79 billion people worldwide made a purchase online in 2018, with that number expected to grow to 2.14 billion by 2021. The moral of the story: your customers are shopping online with money that’s burning a hole in their pocket.
Continue reading “Why BAMS Is The Perfect Solution For Your E-commerce Business?”
Cash may have certainly been king at one point in time, but nowadays, card-based transactions reign supreme for consumers and the businesses they shop at. 77% of consumers prefer to pay with credit and debit cards over cash. With this in mind, making decisions around the payment types you’ll accept as a business owner proves crucial for maintaining long-term positive cash flow. While opting for cash payments only may save you on transaction fees, it limits the purchasing potential for customers both in-store and online.
Continue reading “What Can Merchant Services Do For You?”
From self-ordering kiosks to tabletop and handheld server tablets, restaurateurs are finding new ways to invest in customer experience. Having a point of sale (POS) and payment processing system that’s both reliable, secure, and flexible is one area, in particular, that’s of primary focus. Thanks to technology and the rise of digital, the restaurant industry has seen its fair share of evolution over the last decade.
You need to partner with a service provider you can trust when handling the payments of your customers, especially as POS data breaches become more commonplace.
For the sake of your customer’s satisfaction and the long-term success of your restaurant business, this is why BAMS is the best payments processing service provider for restaurants:
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PCI compliance is one of the most important factors in establishing safe online transaction processing, but many business owners and managers know very little about it. Most either assume that it doesn’t apply to them or that they already have it – whatever it is. But e-commerce software and online payment solutions aren’t PCI compliant by default, and it’s essential that companies accepting credit card payments – both online and off – understand the basics of PCI compliance and the many benefits that it provides.
Continue reading “Demystifying PCI Compliance – The Basics And Benefits Of Meeting The Industry Security Standard”
While every business is different, there’s one thing we all have in common – the need to process customer payments. Unfortunately, the process comes at a higher price. Literally. Ask yourself – how much does your business spend on payment processing fees? What about things like chargeback and next-day funding? Chances are, you use one of the world’s most popular payment processing systems, like Stripe, Square, or PayPal. Let’s take a look at why payment processing solutions like these could be letting you down – and you don’t even realize it.
Continue reading “Payment Processing Just Got a Makeover”
Credit cards are a big part of every business. If your store isn’t equipped for credit card transactions, you’ve already put a huge roadblock in the way of your company’s growth. But if you don’t have clear in-store and internal policies, even the best merchant services can’t help your business navigate new regulations. Here are two policies that your business needs to create and regularly review:
Continue reading “Two Credit Card Policies Your Business Needs to Set in Stone”
Whenever a user dispute a credit card charge they find in their credit card history, one of the provider’s first steps is to demand that the retailer returns the value of the charge – this means chargebacks. They protect consumers from fraudulent charges, but they can also be extremely costly to the merchant.
Continue reading “Does Your Payment Processing Tool Protect You from Chargebacks?”
Merchant services play a large role in your business. They help you collect revenue, but they also impact your expenses. Find the right company that doesn’t disrupt your cash flow.
Continue reading “3 Ways the Right Merchant Services Help You Keep a Positive Cash Flow”