Most Common ACH Return Codes
If your business uses the ACH system to handle any of its payments, then you need to be familiar with the most common Automated Clearing House codes. There are dozens of them, but just being aware of the 15 most frequent ones is a smart way to arm yourself against...
Understanding the ACH Returns Process
ACH (automated clearing house) transactions are similar to credit card transactions in many ways, but differ in one key respect: ACH transfers of funds must follow a strict set of rules within the banking industry. Why the banking industry? Because all ACH...
How Payment Processing Improves Accounts Receivable Management
Have you ever wondered why so many business owners put 99 percent of their effort into making sales and only 1 percent into collecting the funds those sales generate? Part of the reason is human nature and the natural tendency to rest on one's laurels after achieving...
Stripe Holding Funds- What to Do About It
Stripe is one of the largest e-commerce payment processors that operate in the U.S. and elsewhere. Not only does the company offer business solutions in the form of payment processing, but they also make APIs available to their clientele. As one of dozens of such...
5 Reasons Cross-Border Payments Fail (& The Solutions)
Are you operating a company that depends on cross-border financial transactions? Whether you are primarily a business-to-business or business-to-customer entity, the integrity and efficacy of systems you use to transmit funds from one nation to another are essential...
4 Things To Look For In A Payment Gateway For Your Shopify Store
The key concept behind the idea of a payment gateway is the "customer-facing" aspect. In other words, any payment processing machinery, software, system, program, or method that buyers use to pay for goods and services can be considered part of the gateway. At least...
7 Lies (& Truths) About Digital Payments & eWallets
One of the newest wrinkles in the financial universe is digital payment systems in the form of electronic wallets, commonly called eWallets. These digital bits of code are simply a cyber/electronic type of payment card, and they reside on your phone or other device...
What is PCI Compliance?
How do merchants keep customer credit card data safe from prying eyes, those of potential hackers and company employees? The answer is the PCI-DSS, or Payment Card Industry Data Security Standard. The PCI-DSS is a massive set of rules that were written to maximize the...
What is Cash Discounting?
You're probably already familiar with cash processing, at least in a general way. That's because most fuel stations use a form of it when they advertise their pricing. You'll usually get a small percentage discount when you pay in cash. Otherwise, if you use a credit...
Are Payment Processing Fees Tax Deductible?
Whether you own a business or not, you've probably wondered about the tax-deductibility of credit card fees. It's a subject that comes up at nearly every corporate taxation conference, personal finance seminar, and budgeting webinar. Why is this seemingly arcane topic...