Electronic Payments. Adding revenue streams to your operation through the web and your smart phone

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Electronic Payments. Adding revenue streams to your operation through the web and your smart phone"

Transcription

1 Electronic Payments Adding revenue streams to your operation through the web and your smart phone RCBI (7224)

2

3

4

5 How much money does the average American carry? 9% do not carry cash on a regular basis 50% of respondents less than $20 70% of men/86% of women less than $50 Only 7% more than $100 Bankrate.com study, released May 12, aspx

6 What is filling this gap?

7 Credit card purchasing Total number of credit card transactions in the U.S. in 2012: 26.2 billion Average value of a credit card transaction in the U.S. in 2012: $94 Total number of debit card transactions in the U.S.: 47 billion in 2012, vs billion in 2003 Total Visa and Mastercard debit card purchase volume in 2012 $1.58 trillion Credit card statistics, industry facts, debt statistics by Daniel P. Ray and Yasmin Ghahremani

8 In 2014, for the first time, the combined volume of digital transactions on mobile handsets and tablets will eclipse that of desktops and laptops.

9 Advantages of mobile payments Possibility of larger sale Instant (or near instant) payment No bounced checks Little or no additional equipment (beyond smartphone/tablet) Ease of use Relatively small transaction fees (when considered with expanded sales)

10 Turn This: Into This:

11 Website Sales through a shopping cart RCBI (7224)

12 Click to edit Master title style Shopping cart How does it work? What does it do for you?

13

14 What functions do shopping carts add to websites? Item Selection Tax Calculation Shipping Fees Confirmation Customer Tracking Inventory Management Etc.

15 Options for Shopping Carts Hire a professional consultant for the build-out Expensive Can incur maintenance contract Upside-no on-going transaction fees DIY Cheaper up front, pay more over time Most are pretty intuitive Can add a suite of tools you might be able to afford up front Can be open source or proprietary software

16 Adding e-commerce option to existing website What should I be looking for? Set-Up Cost Maintenance Cost Customization Options Drag and drop itness Marketing Options Intro Period/Free Trial Transaction Fees

17 I have my shopping cart set up... WHAT S NEXT?

18 Payment Gateway The system of computer processes that transfer, verify, submit and receive transaction information to the credit card network on behalf of the merchant, using secure Internet connections. The payment gateway is the infrastructure that allows a merchant to accept credit card and other forms of electronic payments.

19 Items to Consider: Cart Compatibility Payment Card Industry (PCI)-Compliance Card/Currency Support Reoccurring Billing and Phone Order Support Fraud Detection and Prevention Service

20 Gateway Providers PayPal-most popular 2.4% without merchant account Braintree Payments-2.9% plus $0.30/transaction ProPay/Protect Pay-3.40% keyed 2Checkout-2.9% plus $0.30 Amazon-2.9% plus $0.30 (5% + $.05 under $10) WePay-2.9% plus $0.30 for credit card payments and 1% plus $0.30 for bank transfers.

21 Which one do I pick? Start where you are web.com, weebly, wix Many options available as add on Make sure Gateway provider interacts with website/shopping cart host Good reference point for going bigger: Use your VC2 contacts

22 Mobile Payments with your smart phone RCBI (7224)

23 Before starting: What is the first question you have to answer?

24 Mobile Point of Sale is a smartphone, tablet or dedicated wireless device that performs the functions of a cash register or electronic point of sale terminal (POS terminal).

25 Advantages Allows you to accept credit/debit cards which can lead to increased sales Equipment is inexpensive** Easy to use Less risk than accepting checks Relatively low fees associated with process **Assuming you already have a smart phone or tablet

26 Disadvantages Some people may be leery Threat of stolen/lost information Uses your data plan May be limited by location

27 How does it work? Device (usually) and app that work directly through your smart phone Card swipe plugs into your phone Enables you to take credit/debit cards and deposit money to your account Swipe works like a traditional credit card machine at a small fraction of the cost of buying a credit card machine

28 Major Brands Square Intuit GoPayment Phone Swipe Flint New Player in the Game Amazon Local Register

29 Square Founded 2009, Jack Dorsey, Twitter Largest share of the market THE dominant player in this field

30 The Basics for Square Platforms Fees IOS & Android -2.75% cardswipe Next -3.5% + $.15 per day keyed-in transaction Deposit Monthly Funds Minimum/ Maximum Hold funds up to 30 days on sales over $2,000 Live Customer Contract Support No No

31 Square Register Works on tablet Enables off-line buying Synchs with Quickbooks, Xero, and Stitch Labs Ability to do refund from POS Customize tax, tips, loyalty program

32 Hold Funds Policy Algorithm for High Risk Transactions Card Not Present /Keyed-In transactions Up to 30 days in some instances

33 Positives Long established Fixed & clear pricing Free app & device Negatives No live support Long Holds Relatively high percentage of sales Not supported on Windows Phone

34 Intuit GoPayment Owned by same company as Quickbooks, Transitioning name to Quickbooks Payment Quickly gaining on Square market share Same basic functions with free app & card reader

35 The Basics for GoPayment Platforms Fees for Standalone Deposit Monthly Funds Minimum/ Maximum Live Contract Customer Support IOS Android Blackberry Pay as You Go2.4% swiped and 3.4% keyed (+ $.25) Pro Plan-1.75% swiped and 3.15% keyed (+ $.25) $19.95 /monthly.20 batch fee 2-3 days Yes, dedicated telephone customer support line No Minimum High ticket items/high processing volumes $5,000/ month $500/sale Provides warnings None (if you are not already using on an Intuit credit card account)

36 Positives Made to work with QuickBooks Free app & device Transparent about processing limits & uses active notification Good inventory management program Negatives Incredibly complex pricing plan Relatively high fees (if not paying for Pro Plan) Not supported on Windows Phone

37 Flint Newcomer to the field A different thing No card scanner, uses phone s camera Integrates well with Quickbooks

38 The Basics for Flint Platforms Fees for Standalone Deposit Monthly Funds Minimum/ Maximum Live Customer Support IOS & Android 2.95% per credit card swipe 1.95% for debit card swipe No monthly fees No extra charge per swipe Same Day Yes, None phone and support during business hours (10am8pm) MondayFriday No Minimum $1,000 Max Swipe $500 Max keyed Max per week $1,000 Max per week $2,000 Application for higher limits Contract

39 Positives Great Live support during normal business hours No extra hardware Very competitive & clear rate structure Negatives Does not take American Express or Discover Limited inventory management function Can be affected by light

40 PayPal Here New entry from one of the premiere online money transfer companies with 106 million registered users Credit/Background check makes system more reliable Promise faster exchanges and ability to use PayPal payments & checks (not just card swipes/key ins)

41 The Basics for PayPal Here Platforms Fees for Standalone Hold Funds Monthly Minimum/ Maximum Live Customer Support IOS & Android 2.7% per Credit/Debit Card swipe Key-in or Scan Credit/Debit Cards % + $0.15 No monthly fees Free equipment No, same day Keyed in funds over $2,500 in a rolling 7-day period held 30 days. Yes, Phone None number, support, community support, more Contract

42 Positives Works on PayPal s well established system Ability to read checks Very competitive & clear rate structure Takes American Express or Discover Negatives Credit Check Can be affected by light

43 The New Guys

44 Amazon Local Register Builds on incredibly successful parent company Somewhat risky entry for Amazon

45 The Basics for Amazon Local Register Platforms Fees for Standalone Deposit Funds IOS & Android 2.5% per Credit/Debit Card swipe No monthly fees Free equipment* Same Unknown Day at this time. Monthly Minimum/ Maximum Live Customer Support Contract Yes, Phone None number, support, community support, and more.

46 Positives Amazon Supported Introductory Rate Takes American Express or Discover Negatives Very new Upgrade personal account to business account??????

47

48 Specific to your business you can compare Square, Go Payment, and PayPal here at this site: com/content/calculators/phone-processingcalculator.php

49 Do your homework. Talk to friends, colleagues, etc. Check them out online Look for reviews

50 Questions? Bill Woodrum RCBI (7224)

CREDIT CARD PROCESSING AND MERCHANT SERVICES

CREDIT CARD PROCESSING AND MERCHANT SERVICES CREDIT CARD PROCESSING AND MERCHANT SERVICES provides credit card processing and merchant services for a wide range of business types - including retail, e-commerce, professional services, restaurants,

More information

New Mexico Broadband Program. Internet Tools for Small Business Success. Module 8 E-Commerce

New Mexico Broadband Program. Internet Tools for Small Business Success. Module 8 E-Commerce New Mexico Broadband Program Internet Tools for Small Business Success Module 8 E-Commerce Internet Tools for Small Business Success Class Series 1. Terminology & Planning 2. Communication & Collaboration

More information

Frequently Asked Questions

Frequently Asked Questions Frequently Asked Questions INTRODUCING MASTERPASS WHAT IS MASTERPASS? WHAT ARE THE BENEFITS OF MASTERPASS? WHAT IS THE CUSTOMER EXPERIENCE WHEN MY CONSUMER CLICKS ON BUY WITH MASTERPASS? CAN MY CUSTOMERS

More information

Payment Processor Secrets Page 1

Payment Processor Secrets Page 1 Payment Processor Secrets Page 1 Table of Contents Introduction to Payment Processor Secrets... 2 Why Do You Need a Payment Processor?... 5 Traditional vs. Mobile... 6 Merchant Accounts... 7 Reputation...

More information

Tech Valley QuickBooks PowerUsers Receiving Money Anywhere

Tech Valley QuickBooks PowerUsers Receiving Money Anywhere Tech Valley QuickBooks PowerUsers Receiving Money Anywhere Stop waiting in line at the bank! We have numerous options for receiving payments via credit cards, check scanning, web, phone, PDA and laptop.

More information

PayPal. PayPal Payments Pro. Click system Configuration Sales Payment Method PayPal All-in-One Payment Solutions to set PayPal payment method.

PayPal. PayPal Payments Pro. Click system Configuration Sales Payment Method PayPal All-in-One Payment Solutions to set PayPal payment method. PayPal Click system Configuration Sales Payment Method PayPal All-in-One Payment Solutions to set PayPal payment method. PayPal is a global leader in online payments and a fast and secure way for your

More information

How Online Payments Really Work

How Online Payments Really Work Insights for Businesses How Online Payments Really Work If you re thinking about setting up an online store, you re in good company. Shoppers are increasingly turning to online options, as their access

More information

Treasurer Report For 8/22/15 Board Meeting

Treasurer Report For 8/22/15 Board Meeting Treasurer Report For 8/22/15 Board Meeting Banking Balances on all Art Alliance of Idyllwild BBVA accounts as of August 20, 2015 are as follows. P&L summary from QuickBooks for 2015 is available upon request.

More information

Best practices for choosing and integrating a mobile payments platform. A GlobalOnePay White Paper

Best practices for choosing and integrating a mobile payments platform. A GlobalOnePay White Paper Best practices for choosing and integrating a mobile payments platform A GlobalOnePay White Paper Mobile commerce (mcommerce) purchases and in-app payments made on mobile devices are rapidly becoming just

More information

Thank you for using Mercantec's E-Commerce Express the world's first FREE shopping cart.

Thank you for using Mercantec's E-Commerce Express the world's first FREE shopping cart. Mercantec Since 1995, the Web's E-Commerce Pioneer Thank you for using Mercantec's E-Commerce Express the world's first FREE shopping cart. This guide is designed to get you up and running in 5 minutes

More information

TRANSFORMING THE PAYFLOW GATEWAY 09/06/2012

TRANSFORMING THE PAYFLOW GATEWAY 09/06/2012 TRANSFORMING THE PAYFLOW GATEWAY 09/06/2012 AGENDA Review of Payflow gateway Preview of upcoming changes Merchant impact Partner impact What you need to do 2 REVIEW OF PAYFLOW 3 PayPal PAYMENT PRODUCTS

More information

Changing E-Commerce Trends

Changing E-Commerce Trends Changing E-Commerce Trends E-Commerce trends that will change the way of shopping E-commerce came to existence more than two decades ago. It is still going strong. As per emarketer, worldwide e-commerce

More information

Swipe This Way. One-step credit and debit card payment processing inside your Intuit QuickBooks Point of Sale software. 1.

Swipe This Way. One-step credit and debit card payment processing inside your Intuit QuickBooks Point of Sale software. 1. Swipe This Way. intuit quick books point of sale merchant service MAKES IT EASY TO ACCEPT CREDIT AND DEBIT CARDS. One-step credit and debit card payment processing inside your Intuit QuickBooks software.

More information

Beginner s Guide to Point of Sale

Beginner s Guide to Point of Sale Beginner s Guide to Point of Sale Are you looking to purchase your first restaurant POS system? Interested in switching to a new restaurant POS? Enjoy reading online guides with informative graphics? Our

More information

Credit Card Processing Buyer's Guide By the purchasing experts at BuyerZone

Credit Card Processing Buyer's Guide By the purchasing experts at BuyerZone Introduction When Western Union first gave charge cards to their best customers in 1914, no one would have guessed that over $2.56 trillion would be charged in the U.S. alone in 2008. As ubiquitous as

More information

Online Payment Processing What You Need to Know. PayPal Business Guide

Online Payment Processing What You Need to Know. PayPal Business Guide Online Payment Processing What You Need to Know PayPal Business Guide PayPal Business Guide Online Payment Processing 2006 PayPal, Inc. All rights reserved. PayPal, Payflow, and the PayPal logo are registered

More information

Intuit Payment Processing Webinar

Intuit Payment Processing Webinar QuickBooks Accounting Software Training Intuit Payment Processing Webinar Presented by: Bonnie Nagayama, CPA 925-247-0100 x 106 Bonnie@AccountingSoftwareSecrets.com Using GoToWebinar (Basics) To minimize

More information

Credit card: permits consumers to purchase items while deferring payment

Credit card: permits consumers to purchase items while deferring payment General Payment Systems Cash: portable, no authentication, instant purchasing power, allows for micropayments, no transaction fee for using it, anonymous But Easily stolen, no float time, can t easily

More information

Merchant Payment Solutions

Merchant Payment Solutions Merchant Payment Solutions Credit Card Processing Diagram CUSTOMER S CREDIT CARD ISSUING BANK CUSTOMER 4 5 $ MERCHANT S BUSINESS MERCHANT S BANK ACCOUNT MERCHANT S BANK 9 CREDIT CARD NETWORK 8 INTERNET

More information

New Technology: Customer Transactions TVPPA Accounting and Finance Conference October 17, 2014

New Technology: Customer Transactions TVPPA Accounting and Finance Conference October 17, 2014 New Technology: Customer Transactions TVPPA Accounting and Finance Conference October 17, 2014 Presented by: Cynthia G. Jones, MBA, PMP Memphis Light, Gas and Water Division 1 Agenda About the Presenter

More information

Grow with our omni-channel payment processing technologies and merchant services.

Grow with our omni-channel payment processing technologies and merchant services. Grow with our omni-channel payment processing technologies and merchant services. Get ready for growth Payment processing solutions ecommerce mcommerce In-app payments Virtual terminal Card present EMV

More information

Protect, License and Sell Xojo Apps

Protect, License and Sell Xojo Apps Protect, License and Sell Xojo Apps To build great software with Xojo, you focus on user needs, design, code and the testing process. To build a profitable business, your focus expands to protection and

More information

Girl Scouts NC Coastal Pines Frequently Asked Questions Sage Credit Card Swipers

Girl Scouts NC Coastal Pines Frequently Asked Questions Sage Credit Card Swipers Girl Scouts NC Coastal Pines Frequently Asked Questions Sage Credit Card Swipers Q: Our troop had an account last year; can we use the same user I.D and password? Is our Merchant I.D the same? This year,

More information

The Comprehensive, Yet Concise Guide to Credit Card Processing

The Comprehensive, Yet Concise Guide to Credit Card Processing The Comprehensive, Yet Concise Guide to Credit Card Processing Written by David Rodwell CreditCardProcessing.net Terms of Use This ebook was created to provide educational information regarding payment

More information

Using a Tablet Device as a POS Station

Using a Tablet Device as a POS Station Using a Tablet Device as a POS Station WineWeb By Ron Kreutzer, President, WineWeb Enterprises, Inc. Original version: March 2012 Version 1.7: January 2014 Copyright 2012-2014 WineWeb Enterprises, Inc.

More information

ANZ MERCHANT SERVICES AT A GLANCE SIMPLE AND RELIABLE PAYMENT SOLUTIONS

ANZ MERCHANT SERVICES AT A GLANCE SIMPLE AND RELIABLE PAYMENT SOLUTIONS ANZ MERCHANT SERVICES AT A GLANCE SIMPLE AND RELIABLE PAYMENT SOLUTIONS ANZ MERCHANT SERVICES AT A GLANCE IN STORE ON THE GO ONLINE KEY FEATURES Turbo 2 Turbo Plus Mobile 2 Mobile Plus Easy integration

More information

Credit Card Processing Buyer's Guide By the purchasing experts at BuyerZone

Credit Card Processing Buyer's Guide By the purchasing experts at BuyerZone Introduction When Western Union first gave charge cards to their best customers in 1914, it was little more than a gimmick. Back then, no one would have guessed that over $1.9 trillion would be charged

More information

Your gateway to card acceptance.

Your gateway to card acceptance. MERCHANT SERVICES Authorize.Net Solutions Your gateway to card acceptance. Processing transactions reliably and securely is essential to your business. That s why BBVA Compass and Authorize.Net, a leading

More information

10 Reasons TO TRY QUICKBOOKS POINT OF SALE

10 Reasons TO TRY QUICKBOOKS POINT OF SALE 10 Reasons TO TRY QUICKBOOKS POINT OF SALE 10 Reasons TO TRY QUICKBOOKS POINT OF SALE 1. Ring up sales quickly and accurately.............3 2. Works seamlessly with your QuickBooks financial software*..................4

More information

Sage Payment Solutions

Sage Payment Solutions Sage Payment Solutions Mobile Payments for Business The What, Why, and How 2 SAGE PAYMENT SOLUTIONS The Basics Why does a business need mobile payments? Mobile technologies can provide incredible value,

More information

Credit vs. Debit: The Network Perspective

Credit vs. Debit: The Network Perspective July 25, 2010 Credit vs. Debit: The Network Perspective Richard Santoro, Vice President, Government Affairs MasterCard Worldwide 1 Overview Origins of Payment Cards Four-Party Payment System Model Anatomy

More information

PAYMENT GATEWAYS BURHAN KHALID @BURHAN STARTUPQ8 7 TH EVENT MARCH 22 2013

PAYMENT GATEWAYS BURHAN KHALID @BURHAN STARTUPQ8 7 TH EVENT MARCH 22 2013 PAYMENT GATEWAYS BURHAN KHALID @BURHAN STARTUPQ8 7 TH EVENT MARCH 22 2013 TODAY S TALK Payment System Basics Different Types of Providers Debit vs. Credit Integration Tips & Techniques PAYMENT SYSTEM BASICS

More information

Merchant Payment Solutions

Merchant Payment Solutions Merchant Payment Solutions What We Do Connecting your Web site to the payment processing networks is typically beyond the technical resources of most merchants. Instead, you can easily connect to the Authorize.Net

More information

Merchant Account Service

Merchant Account Service QuickBooks Online Edition Feature Guide Merchant Account Service C o n t e n t s Introduction............................. 2 What is a merchant account?.................. 2 What types of credit cards can

More information

Resource 3.9. A Guide to Online Payment Facilities

Resource 3.9. A Guide to Online Payment Facilities A Guide to Online Payment Facilities Resource 3.9 Online consumers expect a high level of service and a seamless shopping experience when they purchase goods and services over the Internet. One of the

More information

E-Commerce SOLUTIONS. Generate Online Revenue with E-Commerce Solutions. www.monexgroup.com

E-Commerce SOLUTIONS. Generate Online Revenue with E-Commerce Solutions. www.monexgroup.com E-Commerce SOLUTIONS In this report, MONEXgroup examines various types of online payment processing and E-Commerce Solutions. The tremendous transition towards online shopping stores in Canada has opened

More information

Friday, June 5, 2015 3:15 p.m.

Friday, June 5, 2015 3:15 p.m. MCUL & Affiliates 2015 Annual Convention and Exposition Mobile Payments Greatest Opportunity or Biggest Threat? Amy Smith, AAP, CAE President & CEO The Payments Authority Friday, June 5, 2015 3:15 p.m.

More information

The Impact of Emerging Payment Technologies on Retail and Hospitality Businesses. National Computer Corporation www.nccusa.com

The Impact of Emerging Payment Technologies on Retail and Hospitality Businesses. National Computer Corporation www.nccusa.com The Impact of Emerging Payment Technologies on Retail and Hospitality Businesses The Impact of Emerging Payment Technologies on Retail and Hospitality Businesses Making the customer payment process convenient,

More information

Inside the Mobile Wallet: What It Means for Merchants and Card Issuers

Inside the Mobile Wallet: What It Means for Merchants and Card Issuers Inside the Mobile Wallet: What It Means for Merchants and Card Issuers Welcome to the age of Universal Commerce commerce that is integrated, personalized, secure, open, and smart. The lines between in-store

More information

Office Relocation Planner Guide to Credit Card Processing

Office Relocation Planner Guide to Credit Card Processing Office Relocation Planner Guide to Credit Card Processing Introduction The world of merchant services can be confusing, especially for businesses who have never accepted credit cards for payment before.

More information

Special Report: Trends in Mobile Payment April 2015

Special Report: Trends in Mobile Payment April 2015 Special Report: Trends in Mobile Payment April 2015 Contents Executive Summary Consumers Adopting Mobile Mobile Payment Methods Leveraging Mobile Payments Enabling Your Business 2 Confidential & Proprietary

More information

Girl Scouts of the Chesapeake Bay. 2013 Cookie Program Credit Card Education

Girl Scouts of the Chesapeake Bay. 2013 Cookie Program Credit Card Education Girl Scouts of the Chesapeake Bay 2013 Cookie Program Credit Card Education Intuit GoPayment Convert your cell phone, smart phone or tablet into a highly secure and convenient use anywhere credit card

More information

ACN s Preferred Merchant Services Partner

ACN s Preferred Merchant Services Partner ACN s Preferred Merchant Services Partner Your Guide to Selling Merchant Services 1. Merchant Services 101 2. Engage Merchants 3. Submit Leads 4. Stay Involved 1. Merchant Services 101: What is Merchant

More information

Envision Credit Card Processing

Envision Credit Card Processing A Guide for Processing Transactions with Envision's Credit Card Module I Table of Contents Part I Credit Card Processing Setup 1 Part II Credit Card Processing 2 1 Entering Tips... 3 2 Processing the Credit

More information

Card payment processing for your business

Card payment processing for your business Card payment processing for your business Easy, reliable and secure solutions Easy We make things simple for you and your customers. Reliable We re always there for your business when you need us. Secure

More information

mpos Solution A: Visa, MasterCard and JCB are supported. Both Debit & Credit Cards which is supported by any of this Card Type can be accepted.

mpos Solution A: Visa, MasterCard and JCB are supported. Both Debit & Credit Cards which is supported by any of this Card Type can be accepted. mpos Solution GENERAL Q1: What is mpos Solution? A: mpos Solution is an innovative payment solution that turns a smartphone or tablet into a secure mobile card payment acceptance device. It consists of:

More information

Merchant Payment Solutions

Merchant Payment Solutions Merchant Payment Solutions 1 Simplifying Payments 2 Safe and reliable payment processing is essential to your business. Authorize.Net, a leading payment gateway since 1996, provides solutions you can trust.

More information

2010 NCSA / Visa Inc. Small Business Study

2010 NCSA / Visa Inc. Small Business Study 2010 NCSA / Visa Inc. Small Business Study National Cyber Security Alliance Visa Inc. Zogby-463 November 30, 2010 Company Profiles 1. What is the size of your company in number of employees? 1-9 86% 10-25

More information

Your Digital Dollars Online & Mobile Banking

Your Digital Dollars Online & Mobile Banking Your Digital Dollars Online & Mobile Banking There are a lot of benefits to being able to bank or make payments from just about anywhere, but it s important to know how to do these things safely. Understanding

More information

Buy Online through AT&T Premier and Pick Up in Store

Buy Online through AT&T Premier and Pick Up in Store Buy Online through AT&T Premier and Pick Up in Store Release Notes April 2014 Buy online in Premier and pick up in store Your Corporate Responsibility Users (CRUs) and Individual Responsibility Users (IRUs)

More information

SAFETY FIRST. Useful security tips and current consumer information on the online payment method paysafecard

SAFETY FIRST. Useful security tips and current consumer information on the online payment method paysafecard SAFETY FIRST Useful security tips and current consumer information on the online payment method paysafecard 1 paysafecard: Paying online safely. Every day, tens of thousands of people pay quickly and

More information

Verizon Applications and Cloud

Verizon Applications and Cloud Verizon Applications and Cloud Mobilizing Business Applications, Efficiently and Affordably Mobile connectivity has become a way of life and an expectation for much of today s workforce. With pervasive

More information

Mobilizing Business Applications, Efficiently and Affordably

Mobilizing Business Applications, Efficiently and Affordably VERIZON APPLICATIONS AND CLOUD Mobilizing Business Applications, Efficiently and Affordably Mobile connectivity has become a way of life and an expectation for much of today s workforce. With pervasive

More information

Chapter 5. Online Payment System. Types of Payment Systems. Cash Checking Transfer Credit Card Stored Value Accumulating Balance

Chapter 5. Online Payment System. Types of Payment Systems. Cash Checking Transfer Credit Card Stored Value Accumulating Balance Chapter 5 Online Payment System Copyright 2007 Pearson Education, Inc. Slide 5-64 Types of Payment Systems Cash Checking Transfer Credit Card Stored Value Accumulating Balance Copyright 2007 Pearson Education,

More information

How Do I Understand Credit Card Processing Fees?

How Do I Understand Credit Card Processing Fees? How Do I Understand Credit Card Processing Fees? Credit card processing rates and fees are often misunderstood and confusing, so we are committed to helping you understand the various costs associated

More information

Deploying our multichannel

Deploying our multichannel Deploying our multichannel approach Christopher Coonen, EVP Global Solutions, Sales & Marketing Jean Marc Thienpont, EVP Mobile payment Peter de Caluwe, EVP e payment (ex Ogone CEO) 1 In store strategy

More information

Finance and Accounting outsourcing e-commerce solutions. Financial Solutions

Finance and Accounting outsourcing e-commerce solutions. Financial Solutions Finance and Accounting outsourcing e-commerce solutions Financial Solutions Supporting the future of e-commerce: success strategies for the trading world of tomorrow SOLUTIONS FOR YOUR INDUSTRY arvato

More information

Cost-management strategies. Your guide to accepting card payments cost-effectively

Cost-management strategies. Your guide to accepting card payments cost-effectively Cost-management strategies Your guide to accepting card payments cost-effectively Table of Contents Guidance from Wells Fargo Merchant Services...3 The secret to better interchange rates...4 Why interchange

More information

Adjustment A debit or credit to a cardholder or merchant account to correct a transaction error

Adjustment A debit or credit to a cardholder or merchant account to correct a transaction error Glossary of Terms A ABA Routing Number This 9-digit number is assigned by the American Banker s Association and is used to identify individual banks. When performing an ACH transfer from one bank account

More information

E-commerce Guide Payment Processing. Designing Your Online Store. By Neto E-commerce Solutions Pty Ltd. Page 1

E-commerce Guide Payment Processing. Designing Your Online Store. By Neto E-commerce Solutions Pty Ltd. Page 1 E-commerce Guide Payment Processing By Neto E-commerce Solutions Pty Ltd Designing Your Online Store Copyright Neto E-commerce Solutions 2012 www.neto.com.au Page 1 Processing Payments If you are running

More information

Cash in. It pays to succeed.

Cash in. It pays to succeed. Be in charge. The unique compensation plan that answers to you. We offer daily, weekly, monthly and large account bonuses along with long-term residual income for our valued Sales Representatives. Cash

More information

Card payment processing for your business

Card payment processing for your business Card payment processing for your business Easy, reliable and secure solutions Easy We make things simple for you and your customers. Reliable We re always there for your business when you need us. Secure

More information

5 STEPS TO LOWER YOUR PAYMENT PROCESSING FEES

5 STEPS TO LOWER YOUR PAYMENT PROCESSING FEES 5 STEPS TO LOWER YOUR PAYMENT PROCESSING FEES STEP 1: Understand the Basics of a Merchant Account Your best defense against high rates is information. This guide is intended to provide merchants with a

More information

Innovative provider of turnkey payment and mobile solutions for business & enterprise Provide Business Customers with a superior Customer Experience

Innovative provider of turnkey payment and mobile solutions for business & enterprise Provide Business Customers with a superior Customer Experience Solution Overview January, 2012 Value Proposition Replacing manual processes with streamlined electronic work flow driven processes. Provide Enterprise Mobile Business Suite EMBS for small, medium & enterprise

More information

Accepting Credit Card Payments

Accepting Credit Card Payments Accepting Credit Card Payments An Introduction Objectives Understand the Credit Card Acceptance Process What Type of Merchant are You How to Choose An Acquirer How to Get It All Going for Non Cash Payment

More information

WineWeb: Point-of-Sale Planning Guide

WineWeb: Point-of-Sale Planning Guide WineWeb: Point-of-Sale Planning Guide This document provides information on options to consider when establishing a point-of-sale environment for your winery, or when thinking about expanding your winery

More information

Sales are the lifeblood of any small business. If you can t close the deal and get customers to buy, your business won t last very long.

Sales are the lifeblood of any small business. If you can t close the deal and get customers to buy, your business won t last very long. 1 Sales are the lifeblood of any small business. If you can t close the deal and get customers to buy, your business won t last very long. That s really all there is to it. So doesn t it just make sense

More information

Payclip: A Mobile Point of Sale for the Spanish-Speaking World

Payclip: A Mobile Point of Sale for the Spanish-Speaking World Payclip: A Mobile Point of Sale for the Spanish-Speaking World Anna Valeria Zuccolotto Soto and Alessandra Valenti October 2013 Case Study: PayClip Anna Valeria Zuccolotto Soto and Alessandra Valenti December

More information

Compeat PROCESS YOUR OWN RESTAURANT PAYROLL REPORTS TAX FORMS FEATURES & BENEFITS

Compeat PROCESS YOUR OWN RESTAURANT PAYROLL REPORTS TAX FORMS FEATURES & BENEFITS PROCESS YOUR OWN RESTAURANT PAYROLL Advantage Payroll is an add-on product to Advantage that provides both Time & Attendance and full function Payroll features. Daily time clock information can be collected,

More information

EDUCATION - TERMS 101

EDUCATION - TERMS 101 EDUCATION - TERMS 101 ACH (Automated Clearing House): A processing organization networked with others to exchange (clear and settle) electronic debit/credit transactions (no physical checks). ABA Routing

More information

Online and Electronic Payments

Online and Electronic Payments Online and Electronic Payments What are electronic payments? Online electronic payments are transactions which take place through web based electronic methods as opposed to traditional methods such as

More information

21st Century Solution for Mobile Commerce:

21st Century Solution for Mobile Commerce: 21st Century Solution for Mobile Commerce: Decreasing vulnerability and increasing convenience of online transactions Table of Contents Introduction.... 4 E-commerce & M-commerce Trends... 5 Debit Cards

More information

Using PayPal on your Website http://www.paypal.com

Using PayPal on your Website http://www.paypal.com Using PayPal on your Website http://www.paypal.com PayPal is an option that can be used to take monetary transactions over the Web. PayPal allows for secure payments plus accepts credit cards, debit cards,

More information

ACCEPT PAYMENTS WITH PAYPAL

ACCEPT PAYMENTS WITH PAYPAL ACCEPT PAYMENTS WITH PAYPAL ACCEPT PAYPAL AND CREDIT CARD PAYMENTS USING QUICKBOOKS ONLINE Welcome Guide Welcome to Accept Payments with PayPal Intuit QuickBooks Online is enabling small businesses and

More information

Grow Your Business with a Mobile App

Grow Your Business with a Mobile App Grow Your Business with a Mobile App About Us» Web Source International develops Apps and full e-commerce websites for small to intermediate size businesses and K-12 Schools. We Provide Custom Merchant

More information

A Study of an On-Line Credit Card Payment Processing and Fraud Prevention for e-business

A Study of an On-Line Credit Card Payment Processing and Fraud Prevention for e-business A Study of an On-Line Credit Card Payment Processing and Fraud Prevention for e-business Nucharee Premchaiswadi*, James G. Williams** and Wichian Premchaiswadi*** *Faculty of Information Technology Dhurakij

More information

MY NOTE TAKING NERD S NOTES FROM EBEN PAGAN S GURU MASTERMIND PROGRAM

MY NOTE TAKING NERD S NOTES FROM EBEN PAGAN S GURU MASTERMIND PROGRAM MY NOTE TAKING NERD S NOTES FROM EBEN PAGAN S GURU MASTERMIND PROGRAM Nuts & Bolts Training: Picking the Right Merchant Account Provider & Setting Up Your Account (Hosted by David Hlavac; with Peter Knopf,

More information

CREDIT CARD PROCESSING GLOSSARY OF TERMS

CREDIT CARD PROCESSING GLOSSARY OF TERMS CREDIT CARD PROCESSING GLOSSARY OF TERMS 3DES A highly secure encryption system that encrypts data 3 times, using 3 64-bit keys, for an overall encryption key length of 192 bits. Also called triple DES.

More information

Accepting Ecommerce Payments & Taking Online Transactions

Accepting Ecommerce Payments & Taking Online Transactions Accepting Ecommerce Payments & Taking Online Transactions Accepting credit and debit cards is mandatory for Ecommerce websites. This method is fast and efficient for you and your customers and with the

More information

BUSINESS GUIDE. Online Payment Processing. What You Need to Know

BUSINESS GUIDE. Online Payment Processing. What You Need to Know Online Payment Processing What You Need to Know CONTENTS + Introduction 3 + Online Payment Processing Basics 4 + The Payment Processing Network 4 + How Payment Processing Works 5 + What You Should Know

More information

BEST PRACTICES FOR MANAGING YOUR SMALL BUSINESS FINANCES VICTORIA KOSUDA, CPA, CITP

BEST PRACTICES FOR MANAGING YOUR SMALL BUSINESS FINANCES VICTORIA KOSUDA, CPA, CITP BEST PRACTICES FOR MANAGING YOUR SMALL BUSINESS FINANCES VICTORIA KOSUDA, CPA, CITP INTRODUCTION MY BACKGROUND Certified Public Accountant (CPA) Certified Information Technology Professional (CITP) CPA

More information

Business white paper Mobile payments

Business white paper Mobile payments Business white paper Mobile payments Setting standards and gaining customer loyalty Business white paper Page 2 Mobile payments With the rapid development of electronic systems and technology, the adoption

More information

LIFT Conversation Starter: Selecting a Merchant Account

LIFT Conversation Starter: Selecting a Merchant Account LIFT Conversation Starter: Selecting a Merchant Account Getting paid by a check in the mail is so 1990s. Alright, for some of us perhaps it is so 2000s, but that is going to change right now. You went

More information

SUMMIT. Powered by. Go big. Or go home

SUMMIT. Powered by. Go big. Or go home Powered by Go big. Or go home Visitors are the biggest asset for a publisher. And it is important to take care of them. Summit is a mobile ad management and ad serving platform designed to give you the

More information

Global Payment Solutions. Reseller and Partner Program Overview

Global Payment Solutions. Reseller and Partner Program Overview Global Payment Solutions Reseller and Partner Program Overview About Aramor Payments Based in Toronto, Canada, Aramor Payments is an innovator in e-commerce solutions 8 years experience in the payments

More information

Merchant Card Processing Best Practices

Merchant Card Processing Best Practices Merchant Card Processing Best Practices Background: The major credit card companies (VISA, MasterCard, Discover, and American Express) have published a uniform set of data security standards that ALL merchants

More information

CRM4M Accounting Set Up and Miscellaneous Accounting Guide Rev. 10/17/2008 rb

CRM4M Accounting Set Up and Miscellaneous Accounting Guide Rev. 10/17/2008 rb CRM4M Accounting Set Up and Miscellaneous Accounting Guide Rev. 10/17/2008 rb Topic Page Chart of Accounts 3 Creating a Batch Manually 8 Closing a Batch Manually 11 Cancellation Fees 17 Check Refunds 19

More information

Frequently Asked Questions

Frequently Asked Questions Frequently Asked Questions Contents FAQ: About Us... 1 FAQ: About BryteWave Digital Textbooks... 2 FAQ: Shopping... 4 FAQ: Delivery of Digital Materials... 6 FAQ: Mobile Devices... 7 FAQ: Technical...

More information

Who Are the Top Payment Processors in Canada?

Who Are the Top Payment Processors in Canada? Who Are the Top Payment Processors in Canada? Get to Know Your Canadian Merchant Service Providers There are many ways to skin a cat, but this is one of the best ways to get a picture of the top payment

More information

Reach more customers. Take quicker payments. Make it all easier With just one Click.

Reach more customers. Take quicker payments. Make it all easier With just one Click. Reach more customers. Take quicker payments. Make it all easier With just one Click. By phone, online or mobile app, it doesn t matter when or where, Click allows you to reach more customers and take more

More information

Electronic Payment Processing

Electronic Payment Processing Five Star Service Guaranteed The most reliable payment processing network in the industry Electronic Payment Processing Your challenges. Our solutions. Your success. One key strategy to your success is

More information

Twelve Transformational Digital Retail Technologies Explained (Part 1)

Twelve Transformational Digital Retail Technologies Explained (Part 1) Retail Technologies Explained (Part 1) Will these 12 emerging technologies transform retailing? You decide! Twelve Transformational Digital Retail Technologies Explained (Part 1) Retail Technologies Explained

More information

Our 24 tips to get you trading online in 24 hours

Our 24 tips to get you trading online in 24 hours Our 24 tips to get you trading online in 24 hours With e-commerce growing by 14% this year in the UK and online shopping figures at an all time high, there has never been a better time to set your business

More information

QuickBooks: Point of Sale

QuickBooks: Point of Sale QuickBooks: Point of Sale Ring Up Sales Inventory Management Customer Tracking Credit Card Management Multiple Security Levels Extensive Reporting Integration with QuickBooks Financial Software 0 0 Why

More information

PayLeap Guide. One Stop

PayLeap Guide. One Stop PayLeap Guide One Stop PayLeap does it all. Take payments in person? Check. Payments over the phone or by mail? Check. Payments from mobile devices? Of course. Online payments? No problem. In addition

More information

GLOSSARY OF MOST COMMONLY USED TERMS IN THE MERCHANT SERVICES INDUSTRY

GLOSSARY OF MOST COMMONLY USED TERMS IN THE MERCHANT SERVICES INDUSTRY GLOSSARY OF MOST COMMONLY USED TERMS IN THE MERCHANT SERVICES INDUSTRY Acquiring Bank The bank or financial institution that accepts credit and/or debit card payments for products or services on behalf

More information

PRICING GUIDE 2015. Credit card. Moving Forward TM. Still bringing you real banking value

PRICING GUIDE 2015. Credit card. Moving Forward TM. Still bringing you real banking value PRICING GUIDE 2015 Credit card Still bringing you real banking value Moving Forward TM Credit card fees Initiation fee R135,00 Monthly service fee AccessCredit R49,00 Accelerate Credit cards R49,00 Kaizer

More information