Goldman Sachs 10,000 Small Business

Mobile Payments Are Now Part of Everyday Commerce Mobile devices have become an ingrained and integral part of our daily lives. The original version of this article noted that more than 80% of U.S. adults owned smartphones. That number has continued to grow. According to Pew Research Center’s latest survey, 91% of U.S. adults now […]

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.

Nobody likes waiting to access money they have rightfully earned. Yet that’s the situation many merchants deal with on every sale because of the standard funding holds most payment processors use. Instead of releasing funds right away, many merchant accounts hold them for one to three business days and sometimes longer before they’re deposited. A […]

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 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 […]

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 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 […]

Dear Valued Clients, This year is coming to an end, so I want to take a moment to thank you for your business and continued trust in 2020. I am sharing this 2020 letter from the BAMS president to look back on the year with you. Since COVID-19 began, BAMS has taken every step possible […]

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 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 […]

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 […]

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 […]

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 […]

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 […]

Every card sale costs you something. However, many business owners never check how much of that cost they actually have to pay. In this 30-minute BAMS guest webinar, you’ll learn how to lower credit card processing fees and put that money back in your pocket. Watch the replay below. Then use the guide that follows […]

Next day funding is one of the most useful services a payment processing partner can offer your business and its benefits go well beyond speed. Many merchant services providers hold funds for one to three business days between the time you make a sale and the time that money lands in your bank account. That’s […]

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 […]

The delay between the moment you make a sale and the moment that money is available in your bank is called the funding period. For many merchants it lasts one to three business days. Next day funding shortens that wait for qualifying merchants. The way it works has a direct effect on your cash flow, […]