An Introduction To BAMS’ Popular E-Commerce Integrations

Ecommerce

We now live in a digital world, and online shopping has become king. A 2018 study by NPR found that an astounding 75% of Americans have purchased something online, and every year consumers shift more and more of their shopping to the web. As the leader in electronic payments, we at BAMS understand how important it is for our partners to have strong, stable e-commerce platforms, and as a result, we’ve designed BAMS to integrate with all of the most popular payment gateways, online checkout solutions, and fully-featured e-commerce platforms. Here are just a few of the many e-commerce integrations available through BAMS.

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What BAMS Can Do For Your Supermarket?

Supermarket

Your supermarket depends on the people that live in your local community, and just as importantly, they depend on you. Your success and growth come down to the quality of service you provide and the value your customers get for their hard-earned dollars, and both of those factors are impacted by payment processing.

BAMS is the ultimate payment processing partner for small businesses like yours because we enable you to give your customers the payment options they want, help you streamline their payment experience, and help you pad your bottom line in the process. Here are just a few of the benefits partnering with BAMS can provide to your supermarket.

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3 Ways the Right Merchant Services Help You Keep a Positive Cash Flow

NY Merchant Services concept. Young startup entrepreneur small business owner working at home, packaging and delivery situation.

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.

 

1. Reliable services let you know future merchant service rates.

Every business needs a forecasted budget. A great deal of effort in the business world is focused on how to record and predict revenue. But expenses are just as important. Fixed expenses are the best type of expenses for a business, but merchant services don’t fall under that category. The total grows along with your revenue, and additional fees can add up.

So make sure you merchant services provider is as transparent as possible. You need to know the rates down to the last decimal point, and they need to be numbers you can rely on without having to anticipate surprise rate changes.

2. You get the money in your account faster.

Different merchant services have different processes. Some companies send you back the funds after a few days, and it can take even longer for purchases that were processed after their office hours. Look for a merchant service that offers tight turnaround for purchases during work hours, late at night, and on the weekends. If your company has bills you need to pay, you need to have the cash on hand to do it.

3. You don’t receive unexpected chargebacks.

Credit card companies protect their customers, not merchants and stores. That means customers have an increasing number of ways to get their money back after a credit card purchase. Sometimes it’s a legitimate return, and other times it’s a sincere complaint about an unwanted charge. But sometimes it’s less than honest. No matter what the motivation behind the chargeback, you need to know about it so you can respond quickly. Chargebacks are becoming more frequent, and they can quickly eat into your cash flow.

Go to BAMS to find merchant services that are predictable, process funds quickly, and keep you updated.

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Why a Local NYC Merchant Services Provider is a Good Option

aerial view of NYC.

New York City is one of the biggest cities in the world and is the home to many businesses of all sizes. For those that are based out of New York City, having access to a local merchant services provider would be very beneficial. There are several different benefits of hiring a New York City merchant services provider that can make it the best option for your business.

 

Payment Processing

One of the main benefits of having your merchant services provider be local is that they can provide you with quick payment processing. Today, the majority of all purchases are either made online or in a store using a credit card. This can create a bit of a cash flow problem for businesses as it can be a few days before they actually receive the cash from the credit card provider. When you use a local NYC merchant services provider, this wait time can be cut down dramatically. In many situations, you can actually receive your payment the next business day.

 

Quick Onsite Assistance

Another benefit of hiring a local merchant services provider is that they will be able to provide you with onsite assistance when necessary. While merchant services programs tend to work very well, there are situations in which you will need further assistance to either learn the system or troubleshoot a problem. While you can have some of these situations handled over the phone, it is normally much easier and efficient to have them handled in person. When you hire a local provider, they will be able to have a professional sent to your place of business quickly.

 

Due to the benefits of hiring a local merchant services provider, you should contact us to learn more about the services and benefits that we could provide to your organization.

Get Your Money Faster with a BAMS Merchant Account

Writing on whiteboard a lightbulb and currency symbols (next day funding concept).

The one thing better than getting money is getting it faster. It used to be that with merchant accounts, getting your transaction money in the bank in 24 hours was considered fast. After all, there are still a few companies out there that take 3 days! Now, however, even 24 hours is slow. That’s because it’s possible to have the money in your account in just 12 hours.

More Business Flexibility

 

This is the main practical benefit of a 12-hour turnaround from transaction to funding. Transactions done in the morning can fund your inventory orders or pay your other bills that same night. This is great for just-in-time business models or for unexpected, urgent expenses.

Most of the time, however, the desire for faster payouts doesn’t arise from a specific plan. Instead, people inherently understand that they’re better off when there is less delay in funding. Then, when the time comes that money is needed right away, it’s there. It’s also always nicer to see your money in your bank account instead of pending on a merchant account screen.

Regardless of your reason for wanting faster payment settlement, our 12-hour funding merchant account has you covered. We also offer many other benefits with our accounts, like a free Authorize.net gateway and lower fees. This makes switching to a BAMS account a great business decision all around.

To eliminate the long wait for funding and cut your overall payment processing costs, just contact us today. We’ll be happy to get you set up with a superior merchant account right away.

Should You Choose the Lowest-Priced Merchant Services?

Compass with needle pointing the word best price. Merchant services concept

One of the hardest decisions to make as a merchant is which payment processing service to use. Most have arcane fee structures that make it hard to tell exactly what you’ll pay. There’s the discount rate, the transaction fee, the statement fee, and more. Even worse, some of the fee names are the opposite of what they sound like or are otherwise confusing.

Even with all of these nebulous terms, sufficient searching will eventually lead you to one or more merchant services that are clearly cheaper than the rest. The deal may seem so great that you wonder if there’s a catch! It’s almost impossible to find out just from the advertising, but the answer is “sometimes.”

Be Wary of “Just for You” Offers

When you get the contract to sign up for merchant services, be wary of clauses that indicate a much higher rate than what the salesperson tells you. Also be careful of high fees for canceling your account, adding or removing locations, and other such things. At the time you sign up, you might be told that the fees are waived “for you.” Don’t believe it. When you make a major change, expect the fees to be charged to your bank account – and to have to vehemently argue to get them removed.

Look for High-Quality Providers

Good providers have good reviews, a professional attitude, and a straightforward fee structure. You won’t be given a contract that says one thing and has a “waiver” written in by the salesperson. In short, a high-quality merchant services provider should present itself as one.

Once you find some candidates, then go through their fees and choose the ones with the lowest prices. By putting quality first, you’ll avoid bad companies and still save money on your payment processing fees.

For a merchant account that offers you great rates with no tricks, just contact us. We’ll be glad to serve your payment processing needs.