Payment Depot

01/28/2022

If you sell offline, having the right credit card machine is critical. Aside from actually enabling you to accept payments, a good credit card terminal can streamline your operations, improve the customer experience, and even help grow your business.

Which credit card machine is right for you? Watch the video to learn about the different types of payment equipment and how to select the terminal that's best for your business.

Choosing the right payment terminal depends on the nature of your business, the processes you have, and your technology requirements. There is no single path...

01/04/2022

Thinking of working with a Merchant of Record (MoR)? This article breaks down everything you need to know about an MoR and its role in payment processing.

12/22/2021

Payment gateways and payment processors are not the same, and many small business owners don’t know the difference between the two. Fortunately, you won’t be one of them. In this video, we break down the differences between payment gateways and processors and how to figure out what you need. Check it out!

Your payment gateway protects your customer’s credit card information when they make a purchase at your online store. You can think of your payment gateway a...

12/14/2021

When you choose a merchant account provider, you probably sign a contract that agrees to specific terms of use. This might include fees, contract terms, and other stipulations and agreements from both parties.

However, there are times when you need to end these contracts and cancel your merchant account. Though it should be easy, that’s certainly not always the case.

Merchant account providers can be a tricky bunch, so we’ll show you how to successfully cancel your merchant account and move forward in your business.

Your merchant account is the account where customer payments are deposited before they’re transferred to your small business bank account. It’s essentially the middleman between the customer’s bank and your business’s bank. When you choose a merchant account provider, you probably sign a con...

11/24/2021

Mobile payments are expected to make up a third of transactions by 2024. That's huge, and if your business isn't accepting them yet, now is the time to do so. In this video, we show you everything you need to get started with mobile payments.

Mobile payments can be a confusing topic for retailers as there are two sides to this space:1. Mobile card readers – Mobile card readers are point-of-sale (P...

11/15/2021

No merchant wants to deal with credit card machine outages, but they do happen. This post sheds light on how you can effectively manage your customers and sales when your credit card terminals go down.

As the pandemic continues to ebb, credit cards continue to play a key role in the global economic recovery. Business Wire states that the worldwide credit card market is projected to expand from $100.05 billion in 2020 to $103.06 billion in 2021. This figure translates into a 3% compound annual grow...

11/02/2021

Despite the increasingly sophisticated card processing technology, power and internet outages threaten to disrupt this global economic engine.

Fortunately, offline credit card processing enables many businesses to continue generating sales even when electronic communication systems have been disrupted.

In this article, we’ll explore the ins and outs of offline credit card processing to help you decide if it’s right for your small business.

As the global economy continues to recover from COVID-19, the worldwide credit card market is experiencing notable growth. Aggregate credit card sales are projected to increase from $100.05 billion in 2020 to an impressive $103.06 billion in 2021. This represents a compound annual growth rate (or CA...

09/21/2021

As a small business owner, you may have already realized how quickly credit card processing costs add up. Your point-of-sale system is the last leg of your customer’s shopping journey. It’s also what you use to accept card payments or other payment methods.

One of the most important factors that determine what you pay for credit card processing is your choice of credit card processing machine.

To help you with that, we’ve put together some of our top picks for credit card terminals that are most suited for SMBs. Along with that, we’ll also discuss how they work, the different types, and what you should consider when choosing one for your business.

Check it out!

As a small business owner, you may have already realized how quickly credit card processing costs add up. Your point-of-sale system is the last leg of your customer’s shopping journey. It’s also what you use to accept card payments or other payment methods.  As such, one of the most important f...

09/14/2021

There are so many options for payment processing equipment that it can be hard to lock down a single solution. Every retail store is different and has unique requirements.

Here are 6 of the most popular credit card processing machines for you to choose from.

As a small business owner, you may have already realized how quickly credit card processing costs add up. Your point-of-sale system is the last leg of your customer’s shopping journey. It’s also what you use to accept card payments or other payment methods.  As such, one of the most important f...

08/26/2021

Payment technology has come a long way, and one tool worth talking about is the virtual terminal. Today’s ideal virtual terminal solutions handle card-not-present transactions, so you can accept payments over the phone, as well as via email and snail-mail. In this article, we’ll take a closer look at virtual terminals and the benefits they offer. We’ll also give you a rundown of the things you need to consider when choosing a virtual terminal for your small business. Take a look!

Payment technology has advanced significantly ever since we started trading goods for money. Pen and paper methods have been upgraded to cash registers which have been transformed into modern point-of-sale or POS systems with tools to run almost every aspect of your business.  One such payment tech...

08/24/2021

Efficient invoice processing is key to ensuring a steady flow of income for your business. To accomplish this, you need to have the right invoicing tools and procedures. Read on to learn how invoices work, the types of invoices you can send, and how to ensure you get paid.

Efficient invoice processing is key to creating a steady flow of income for your business. Invoice processing times usually vary depending on the type of business, its size, and the processing method used. Consulting firm Basware notes that high-performing accounts payable departments typically take...

08/19/2021

When done right, customer profile management can help to improve customer service and boost sales for your business. The way you manage your customer profiles can empower you to market and engage shoppers better, so you can attract and retain more customers. Check out this guide to learn the ins and outs of customer profile management.

Connecting with customers today requires high levels of personalization — people don’t respond to generic messaging anymore. In fact, 80% of consumers say they are more likely to make a purchase if brands offer them a personalized experience.  If you’re gathering data on your customers, they ...