If you’re considering setting up ACH billing for your business, there are some important things you should know about before beginning the process.Read More »
Posts By: Sarah Jordan
Choosing the right online credit card processing service will save you time, diversify your ability to collect payments and ultimately increase your ability to generate revenue.
Choosing the wrong processor will leave you paying higher fees, confuse your customers and put you on hold for hours waiting for a customer service rep.
When you’re a small business, it’s difficult to find the right online credit card processor with so many options available. One Google search will pull up such an endless list of companies, the research could go on for days – unless you know what to look for.Read More »
We’re excited to announce the release of our most recent report, “2017 Small Business Outlook: The Service Industries.” This report is specifically focused on the service industries, and is the first report of its kind developed by PaySimple.
What can you expect from the report?
In an increasingly digital world, businesses must be more tuned in than ever to what their customers want and how they want to get it. The ecommerce industry is ever-growing, and has helped level the playing field for smaller, service-based businesses to capture online sales and compete with their retail peers.
PaySimple’s 2017 Small Business Outlook highlights how service-based businesses plan to grow in 2017, where they’re focusing investments, and what customer-based resources, tools, and integrated technologies they’re integrating to help them scale and grow.Read More »
Retail-based shopping carts can be great solutions for businesses trying to sell online. But for service-based businesses, sometimes they aren’t doing any favors.
The ecommerce industry is ever-growing, and in many ways, has helped level the playing field, enabling smaller businesses to capture online business and compete with retail giants. However, service-based businesses have been at a disadvantage in this arena, especially when it comes to website and shopping cart solutions available. Why? Because they’re built for retail…Read More »
PayPal announced to merchants that as of October 1st, it will be increasing merchant processing rates to a flat 2.9% + 30 cents on domestic transactions. This is one of PayPal’s first big moves to increase revenue since its split from eBay last July.
While the increase will affect only a small portion of PayPal’s portfolio, it is projected to increase annual revenue by $10 million. The change affects the “middle class” of businesses, touching neither the largest nor smallest merchant accounts. This middle class often pays a heftier volume of transaction fees as a percentage of sales; they are large enough to be processing a significant volume of credit card transactions, but not large enough to be able negotiate lower rates with a behemoth like PayPal.Read More »
Late last week, Balanced Payments announced it would be shutting its doors and ceasing processing of all credit card, debit card, and ACH payments for its API integrated customers in about 90 days.
The company has arranged a relationship with its rival, Stripe, who will honor all existing pricing contracts. This arrangement is intended to assist the businesses now scrambling to move their integrations in the 3-month timeframe.
But is Stripe, the hyped Valley startup, the only and best alternative option for these companies? Maybe.Read More »
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Driving traffic to your website can be a bit mystifying for many businesses owners, and many opportunities can be overlooked with the hectic day-to-day nature of running a business. Be sure to take advantage of these free and low-cost ways to drive clicks to your website.
Everyone knows that you can make payments by credit card, cash or check, but what are ACH payments? An ACH (or Automated Clearing House) transaction is the process of moving funds electronically from one bank account to another through a unique routing number, also found at the bottom of a paper check. If you pay your employees by direct deposit, ACH is already in your life.Read More »
The first step in realizing increased customer lifetime value is thinking about your client base as a portfolio – a mix of revenue opportunities made up of differing behaviors and benefits. Studies have been conducted at every business size showing that by evaluating an existing customer base, an organization can use the data to grow revenue without acquiring a single new customer.Read More »