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Definitive statistics are difficult to come by, but reported 2015 results add up to global e-commerce sales of $1,236.7 billion in the top 10 countries alone. An enormous volume occurs online globally, facilitated by electronic payments with credit and
Merchants in the payment industry try to avoid labels that include “high risk.” The markers they try to avoid include high-risk merchant and high risk Merchant Category Code (MCC).
The rap on merchants labeled high risk is that they tend
When applying for a merchant account from a bank or via another merchant payment services provider, you’ll need to provide quite a lot of information about your business and its credit/debit card processing needs. A robust business plan, operating procedures,
So you’ve decided to go into the cannabis business. If you’re operating in Canada, the medical marijuana business infrastructure is mature. (Medical marijuana usage was legalized across all Canadian provinces and territories in 2001.) What’s more, the government just announced
Delayed or unpredictable cash flow negatively impacts business success. Improving cash flow through faster payments could be the solution that differentiates one business from its competitors and makes it the best at what they do.
Whether that’s by offering a
The ability to accept credit and debit card payments online is the lifeblood of any e-commerce business. Unfortunately, online businesses with complex business models or those not understood by traditional banks find themselves in a conundrum: continue business as a