The majority of purchases that consumers make both online and in-person are done with credit or debit cards. When payments with credit cards are processed, it is possible for the personal and financial information of the cardholder to be exposed. That is why businesses are required to ensure secure payment…
The ability to accept online payments benefits your business and your customers. It is easier and more convenient for your customers to make purchases online and if your online payment process offers a good user experience, then they are more likely to turn into repeat customers. Online payments benefit your business by…
The ability of businesses to accept and process payments from credit and debit cards both in person and online helps businesses expand their customer base and increase their online presence. Credit and debit cards are the most common form of payment for online and in-store purchases, which makes it very important…
Differences Between a Payment Gateway, a Virtual Terminal, and a Shopping Cart Read More
For many businesses, credit and debit cards or cash are the main forms of payment used by their customers. However, it is also important for businesses to be able to process ACH payments such as checks and contactless or mobile payments from apps such as Venmo. Paper checks may not
Why is ACH Processing a Good Choice for Your Business? Read More
You can’t start a business without money, and you certainly cannot keep it running if you are low on cash. When businesses are short on funds, they tend to take out loans from banks and traditional financial institutions. However, working with a bank for a loan may not be the
Benefits of Merchant Cash Advance Services Instead of Traditional Loans for Your Business Read More
For foodservice businesses with front-end ordering, such as cafés, diners, and fast-food restaurants, self-ordering kiosks can be a great investment. The front-end ordering process has a major impact on customer satisfaction and customers are more likely to come back to restaurants that offer an easy, smooth ordering experience. Implementing self-ordering
The ability to accept payments is one of the most important functions for any business to generate revenue. No matter the type of business you run, you need a reliable point-of-sale (POS) system that can process multiple types of payments safely and securely. A powerful POS system is not only
Like many other types of businesses, restaurants thrive when they can effectively market to new customers and generate a strong stream of repeat customers. If you want to attract and retain customers for your restaurant, you should consider adding gift cards and loyalty programs to your marketing strategy. Implementing a
Advantages of Gift Cards and Loyalty Programs for Restaurants Read More
The nutraceutical and supplements industry is a fast growing industry in health and wellness. The global nutraceuticals market was worth an estimated $454.55 billion in 2022, $112.6 billion in the U.S., and it is expected to continue growing at a compound annual growth rate (CAGR) of 9.0 percent. At this
How to Get a Merchant Account for Businesses in the Nutraceutical and Supplements Industry Read More
Starting a business and growing it into a success is part of the American dream. Business owners that found and run successful businesses get to be their own boss and create jobs for others with a chance to make an impact within their industry. However, all businesses must start from
How to Get a Merchant Account for Startup Businesses Read More
Debt is a common feature of our economy as so many Americans carry some form of debt. Whether the debt is due to credit cards, student loans, medical bills, or something else, the parties that people are indebted to will be seeking repayment. Typically, this is done through a collection
How to Get a Merchant Account for Collection Agencies Read More
The travel industry is one of the largest industries in the world as it accounts for just over 10 percent of the global GDP. This industry employs more than 300 million people worldwide and millions of people travel each year for a number of reasons. In fact, the growth of
How to Get a Merchant Account for Travel Businesses Read More
The tobacco industry has long been a lucrative industry not only in the U.S., but throughout the world. Even with a 7 percent decline in tobacco customers between 2005 and 2019, the tobacco industry was still worth $48 billion in 2019 and is expected to remain steady. For businesses that
How to Get a Merchant Account for Businesses in the Tobacco Industry Read More
There are so many businesses in a number of different industries that rely on the internet for attracting new customers and growing their business. Businesses with websites that rank high in the search engine results pages and have good online visibility will get the attention of those searching for their
How to Get a Merchant Account for SEO and Tech Support Businesses Read More
The alcohol industry in the U.S. is worth more than $220 billion which makes it a very lucrative industry. There are several types of businesses within the alcohol industry, including liquor stores that sell hard alcohol as well as online alcohol retailers. Getting merchant services may be difficult for these
How to Get a Merchant Account for Businesses in the Alcohol Industry Read More
The firearms and ammunition industry in the U.S. is extremely profitable. There are an estimated 100 million gun owners in the U.S. and the industry generated more than $63 billion in revenue in 2020. However, despite the fact that the firearms industry is a billion-dollar industry, most major banks and
Adult entertainment is a lucrative industry in the U.S. Gentlemen’s clubs alone are a $7 billion industry, not to mention other adult entertainment businesses such as adult novelty stores, pornography merchants, lingerie stores, live camera models, adult dating, and more. Even though the adult entertainment industry is a thriving industry,
How to Get a Merchant Account for Businesses in the Adult Entertainment Industry Read More
See how First MCS can help you with a merchant account for your cannabis business Cannabis is one of the fastest growing industries in the U.S., but it is illegal in most states. While it can be legalized at the state level, it currently remains illegal on the federal level
How to Find a Merchant Account for Your Cannabis Business Read More
No business can run properly without partnering with a financial institution to create a merchant account. All payments taken by a business are processed through a merchant account and after the processing fees are deducted, the money goes to the business checking account. For most businesses, finding a financial institution
How to Get a Merchant Account for Your Startup Business Read More
For the last several years, there has been a worldwide shortage of computer chips, also known as integrated circuits or semiconductor chips, and this shortage has affected over 170 industries. The shortage started before the COVID-19 pandemic and has been made worse by many different factors including the pandemic, severe
No business likes to pay the processing fees that come with accepting credit cards. For businesses that run on a tight budget, this expense may be too difficult to handle. However, not accepting credit cards as a form of payment is also detrimental to a business as most transactions are
Credit Card Surcharging: Advantages and Disadvantages Read More