When most small business owners look at payment processing, they’re thinking of it as a line item on their operating budget. Something that must be checked off of the list, a necessary part of doing business. Yes, it does have a big impact on revenue, but it is so much more than that. Good payment processing can help your business grow. In fact, payment processing should be a big part of your overall growth strategy. More payments obviously mean more revenue for your business, but if used correctly, it can actually help your business scale strategically over time. The key […]

Wells Fargo & Company is an American international banking and financial services holding company and is one of the largest sponsoring banks in the nation. There are merchants who turn to Wells Fargo as they want to get next-day funding and value-added services. Even though having all accounts in one place seems attractive, merchants often don’t take into account the fact that the costs will be higher. Banks Aren’t the Only Option to Try In fact, banks aren’t the only option when it comes to securing a merchant account. Banks are neither the most convenient, nor the best fit for […]

As you begin to put all the little things together, you will notice there are thousands of details you have to do. From having the Health Department check your plumbing and safety of your building, to Osha inspecting your work area for dangers. Make a list and check it thousands of times a day; but know, you can’t eat an elephant in one bite. You have to do it a little at a time, just like starting a business. One of the little things that might fall through the cracks is your automotive merchant account. If you plan on accepting […]

If a chargeback has made its way into your system, as a merchant you have five to seven days to get back to the merchant account servicer. At all costs, you need to have this done. As a busy merchant, you may think it a most inconvenient thing to happen, but it is also your responsibility to answer to this. By avoiding it, you set yourself up for the loss of your merchant account. Let’s start at the beginning A customer has requested a chargeback. The first thing you need to do is verify that indeed, that customer made a […]

It is no surprise that banks and credit unions have tightened      their requirement for loans the past few years, especially when  it comes to businesses regarded as high risk. Every business  owner needs working capital in order to start-up, expand or  maintain their company until it generates a positive cash flow.   Banks traditionally use credit histories and credit scores to  determine the level of risk associated with a business. So if you  have a high credit score acquiring a loan is fairly easy, but if  you are a business owner with poor individual credit, it is  inevitable that […]

First American Merchant Services is a well thought out business plan. They not only help out anyone in business, their approval rate is at 99%. So a rare thing indeed, would be for someone to be in the 1% range. They insist on investing in you, the person in business and things that put our country to work every day—from entertainers to bail bonds. This company brings to the table— Possibilities. If you can dream it, they can do it. From Bankruptcy to Collections all the way to Herbal Supplements, they will put together a 1st American Merchants funding account […]

  Even though, starting an auto repair shop is a very profitable business today but it may require a lot of startup capital to provide for the location, shop, tools and other high cost auto repair equipment and machinery. This makes it impossible for younger mechanics with no capital to start their own business but if you have a right tool kit with good auto repair skills, there are ways to start your own auto mechanic shop with little or even no money. Mobile Auto Mechanic Shop Business plan is one of the most important things for any kind of […]

Consumers in United States spend more than 50 billion dollars on shopping and online purchases in the last quarter of 2012. According to the statistics, consumers spend more on shopping in the last quarter of the year because of holidays like Halloween and Christmas. As the last quarter of 2013 is just around the corner, it is a great opportunity for those who want to earn some quick money be starting a seasonal business. Consumers are looking for reasons to spend on Halloween and Christmas, be creative to meet the demand and get your own seasonal business up and running […]

One of the easiest ways to earn money is through an online business as it allows business owners to save cost, time and requires a minimal startup capital. Even though, an online business looks easy to start, over the last few years, it has become a fiercely competitive market. According to the report published by EuroStat in 2011, almost 79% of all businesses and companies now have their own websites. And from those 79%, almost 25% allow customers to purchase their products online. With such competition, you need to be on your toes 24/7 if you want to sustain your […]

Starting your own business is not as easy as it seems especially if your line of expertise belongs in one of those considered as high risk industries. If you just got out of a medical school and plan to put up a clinic of your own, you might be surprised to see a lot of banks and credit card processors rejecting your application for a standard eCommerce merchant account. Life can be unfair most of the time but it’s the truth. High risk businesses like pharmaceutical products, telemarketing, car rental, financial services, and many more others are very far from […]