Stax

MARCH 6, 2024

Upon agreeing to these terms, the merchant is authorized to process automatic payments from the customer’s credit card, debit card, or bank account. They should include detailed explanations of billing cycles, payment amounts, renewal policies, and cancellation procedures.

Best Practices

FICO

NOVEMBER 30, 2022

Another colleague of mine, TJ Horan, recently wrote a post about the growth of scams and the potential for regulation and noted that: Data from the FTC shows that to date in 2022, consumers report losing $703 million from bank transfers and payments, $90.6 million from debit card payments, and $82.2

Scams

Core

JULY 6, 2023

The institution, including retailers, utilities, or agencies, might send customers or citizens an email when a payment is due. Citizens can then pay bills directly on the institution’s website by logging in, reviewing the bill, and entering the payment amount. Enhanced security and fraud protection.

Payment Solutions

Stax

JUNE 27, 2024

ACH Payment Wire Transfer Speed of transactions Typically takes 1-3 days for the receiving bank to receive the funds Within a day for a domestic wire transfer. International wire transfers can take up to 7-10 days Costs and fees Around 1% of the payment amount. No fees on the receiving side.

Wire Transfer

EBizCharge

MAY 14, 2024

Setting up payment links in QuickBooks Online and Desktop To set up payment links in QuickBooks, businesses must first establish a merchant account. A merchant account is essential to securely process credit and debit card payments, serving as an intermediary between businesses, customers’ issuing banks, and payment processors.

Payments

Payment Savvy

NOVEMBER 14, 2022

Apart from electronic checks, EFTs include other digitalized banking functions such as ATM withdrawals and deposits, debit card transactions, and remote check depositing. Name and address of your business. Payment amount. Transaction processing volumes. Years in business. Bank account details. Bank routing number.

Checks

EBizCharge

APRIL 17, 2024

This article will dive into the very fabric of payment links — exploring their types, functionality, security, and the scenarios they’re best suited for — to help you optimize them for your business. What is a payment link? Distribution: The payment link is sent to the customer via email, SMS, or other messaging platforms.

Online and Mobile Banking

EBizCharge

NOVEMBER 1, 2024

Businesses can better manage their financial stability by understanding the root causes of short payments. This involves reviewing common payment discrepancies, keeping accurate loan terms and credit limit records, and employing strategies to address unexpected expenses and improve merchant cash advances.

Best Practices