Payment Solutions Featured

Is Merchant Cash Advance Right for Your Business?

 — 17 minutes

A merchant cash advance is a type of financing that benefits businesses during start up or slow periods. Repayment is tied to credit and debit card transactions.

Payment Solutions

How Credit Card Settlements: Impact on Business Finances and Payment Processing Best Practices

 — 15 minutes

When a customer pays with a debit or credit card, the funds don’t instantly appear in the business’s bank account. Instead, a series of steps transfer the money from the customer’s account to the business. A key component of this process is credit card settlement.

Merchant Tips

Mastering Business Financial Decisions: Strategies, Tools, and Techniques for Success

 — 15 minutes

Whether it’s choosing between a pricey lunch or a full gas tank or deciding how to invest $5,000 in a business, all financial decisions have consequences. Even small choices can impact overall financial stability. For SMB owners, the challenge is making smart financial decisions that balance short-term desires with long-term success.

Merchant Tips

Everything You Need to Know About Merchant Accounts for Your Small Business

 — 17 minutes

A merchant account temporarily holds funds from purchases. Once the customer’s bank verifies sufficient funds and the transaction is complete, the funds are transferred to the merchant’s business checking account.

Payment Solutions

Integrated Accounting Systems: Streamlining Financial Operations for Your Business

 — 15 minutes

Accounting software has advanced from basic tools to integrated systems, unifying financial data across departments. Now, you can instantly reconcile books and access accurate company financials in one place.

Merchant Tips

Implementing Dual Pricing to Reduce Credit Card Processing Fees: A Guide for Business Owners and Accountants

 — 14 minutes

Merchant pricing models always involve costs for accepting credit cards. When reducing processing fees isn’t feasible, implementing dual pricing can help. Here’s an overview of dual pricing and its legal considerations.

Payment Solutions

Mastering the 3 Core Principles of Accounting: A Guide for Business Leaders

 — 14 minutes

Accounting principles help businesses track finances. The cash principle records settled transactions, while the accrual principle includes earned revenues and expenses.

Merchant Tips

12 Essential Questions to Choose the Right Merchant Service Provider for Your Business

 — 14 minutes

Searching for a new merchant service provider? Think of it like dating—you want to ask the right questions and get to know the payment processor before committing. To help, we’ve compiled a list of key features and questions to guide your decision.

Payment Solutions

Top Expense Policy Strategies for Modern Businesses

 — 15 minutes

From fraud to compliance, learn how a well-crafted expense policy can protect your business, prevent disputes, and keep spending under control!

Merchant Tips

Comprehensive Guide to Optimizing Payment Links

 — 13 minutes

Learn how payment links and mobile wallets simplify transactions—offering your customers a seamless, one-tap payment experience that boosts convenience and satisfaction!

Merchant Tips

Can I Legally Charge a Credit Card Fee to My Customers?

 — 15 minutes

Is charging credit card fees to your customers legal—and could it actually help your business stay afloat? Discover the answers and key insights that every business owner needs to know!

Uncategorized

Federal Firearms License (FFL): A Step-by-Step Guide for Aspiring Gun Dealers

 — 9 minutes

Unlock the step-by-step guide to securing your Federal Firearms License (FFL) and navigate the legal process with confidence and ease.

Payment Solutions

How is XRP and Ripple Designed for Payments?

 — 16 minutes

Ripple XRP could be the future of payments as it bridges two different currencies in a way that is easier to manage and send than current methods.

Payment Solutions

Payment Processing for Subscription-Based Businesses: Challenges and Solutions

 — 15 minutes

Overcome subscription payment challenges by implementing automation, PCI DSS compliance, dunning management, multiple payment solutions & customer service.

Payment Solutions

Omnichannel Payment Processing: Integrating In-Store, Online, and Mobile Payments

 — 16 minutes

The more opportunities you have to collect payments through different channels with omnichannel payment processing, the more sales you will have.

Merchant Tips

Avoiding Common Pitfalls When Using Merchant Cash Advances

 — 15 minutes

Choosing a Merchant Cash Advance? Ensure you assess cash flow, research thoroughly, and understand the terms to avoid costly mistakes.

Announcements

ECS Payments Partners with Trident1 to Deliver an All-in-One POS Solution for the Firearms Industry

 — 2 minutes

ECS Payments, a leading provider of payment processing solutions and merchant services, is excited to announce a strategic partnership with Trident1 POS, the top software provider serving the firearms industry.