Give us a call for more info 1-800-210-5649

Michael Hollis Blog Posts

By First American Merchant

Feel free to give us a call for more info 1-800-210-5649

Everything Your E-commerce Shop Needs to Know About Payment Processing

Online shopping over the next couple of years is expected to grow on a massive scale. Worldwide, e-commerce sales surpassed $4.2 trillion in 2020, and those numbers will only continue to grow. Now that consumers are growing used to the convenience of shopping for everything online, there really is no going back. Speed and convenience is the name of the game. It’s what consumers have grown to expect: fast payment processing that is convenient in every way and safe to use. To make this happen and easily maintain it, e-commerce companies need industry-leading payment processing and the right payment gateway. […]

Read More…

Is a Merchant Cash Advance the Funding Option Your Startup Needs

Sitting at your desk with your plans laid out before you, there are likely many tasks and challenges written down on our to-do list. One of the biggest obstacles all startups face is coming up with adequate capital. From putting a team together and renting a location to purchasing inventory, setting up shop, and covering revenue-generating initiatives requires cash and lots of it.  Even established businesses run into cash flow issues from time to time. High-volume seasons like the holidays can cause a company to come up short. Equipment breaking down can lead to dipping into cash flow reserves, leaving little […]

Read More…

A Guide To Small Business Loans For Auto Mechanics

The auto repair industry faced a decline during the recession. However, in just the last few years, the auto repair industry has not only experienced a comeback but has continued to grow. Consumers, keen on saving money, are driving their cars longer, and that means auto repair shops will greatly benefit. Business loan lenders are also well aware that almost 75% of aftermarket car repair is carried out by independent auto repair shops.   In order to take advantage of this massive opportunity, now and in the future, auto repair shops need to have the funds to meet these needs.  Why […]

Read More…

Restaurant Cash Advance: Merchant Funding For Restaurants

Despite the immense challenges imposed by the global pandemic, the restaurant industry has experienced robust growth over the past few decades. According to Statista, the U.S. quick-service restaurant (QSR) industry’s output has experienced an increase of well over 50 percent since 2007. This contributed to an “all-time high” of nearly $283 billion in 2020.  The U.S. full-service restaurant industry, also experienced growth, reaching $80 billion in 2020. As one of the most critical industries for the U.S. labor market, it is estimated that over 14 million Americans are employed by restaurants.  Restaurants Need Cash If there is anything certain in […]

Read More…

How to Avoid Brand and Customer Loyalty Fraud

Seventy-two percent of loyalty program executives have suffered fraud-related problems, according to a study by a Loyalty Security Association.  In particular, cases of deceitfully redeemed flyer miles are a primary concern. The same research revealed that 1 percent of redeemed air miles are phony. That figure accounts for a $3.1 billion loss worldwide.  Even more worrying, expenses incurred by the top five airline-loyalty programs jumped 12 percent to $27.5 billion in 2020. Types of Loyalty Fraud There are two types of loyalty fraud: 1. Internal Fraud.  This happens when staff(s) who are part of the loyalty program’s control crew plan […]

Read More…

How Cash Discount Programs Can Boost Businesses Sales

Last year COVID-19 slowed down businesses forcing entrepreneurs to find new strategies in a bid to stay afloat. For instance, they introduced Cash Discount Programs to attract clients and boost sales without chasing away customers.  Discounting your goods/services may sound like a wrong approach, but it makes sense if you have a well-thought-out strategy? Cash Discount Program: How Does it Work? A cash discount program is a short-term payment plan that merchants organize to lure customers to their products. Merchants who participate in cash discount programs give discounts to customers who pay with cash. These cash discount programs can be […]

Read More…

New Report Says Every $1 of Fraud Costs E-Commerce Merchants $3.60

New Report Says Every $1 of Fraud Costs E-Commerce Merchants $3.60 When it comes to their list of concerns, fraud has always been at the top of the list for merchants. As the pandemic has ushered in the age of contactless payments, this threat has only grown. Contactless was well on its way, but the changes that have taken place rapidly over the past 2 years have pushed merchants to adopt this form of payment, perhaps before they were really ready.  The outcome? Fraudsters are always ready. Ready for any and every opportunity to breach a weak spot. According to […]

Read More…

3 Steps to Unfreezing Your PayPayl Merchant Account

Most business owners would readily agree, technology is great – until it isn’t. The power goes out, your store is back to processing cash and tracking sales on paper. Your merchant account gets frozen, you lose access to credit card processing. If you’re one of the many that have or are experiencing a frozen PayPal account, never fear. Here’s everything you need to know to unfreeze your account and get things back to “business as usual”. Step 1: Why is My PayPal Account Frozen? How do I unfreeze my PayPal account? The first step is to ask yourself: Why is […]

Read More…

4 Quick Tips to Help Your Ecommerce Shop Drive Holiday Sales

As the uncertainty, confusion, and worries of 2020 drag on, many consumers will continue to rely on online merchants – more than ever before. This holiday season, online merchants expect consumers to lean on them for all of their shopping needs, from holiday decor and groceries to gifts and holiday cards. For many retailers, this shift in consumer trends may feel overwhelming and a little disappointing, but it likely doesn’t come as a surprise.  The shift to e-commerce has been happening for some time. The coronavirus pandemic has simply sped up a process that was already in the works. In […]

Read More…

How Small Businesses Can Get Post-Pandemic Help From The SBA

Alternative funding can be the safety net for a business in a tight spot, but it can also be the worst bane of your existence–and the beginning of a debt cycle. A Merchant Cash Advance is common among phony alternative lenders looking to rip off needy small business owners.  Unlike traditional loans, these products feature painless applications and instant funding (in as soon as 24 hours). It’s no wonder most entrepreneurs rush to accept these offers even before reading the fine print. What’s a Merchant Cash Advance? A merchant cash advance is a short-term loan that allows businesses to access […]

Read More…