Lendio

JANUARY 10, 2023

In this way, debit cards are similar to cash. Credit cards, on the other hand, involve financial institutions—like banks or credit card companies—extending credit to a consumer. Purchases are made on this credit, and the consumer makes repayments to the credit card issuer.

Credit Card Companies 52

Credit Card Companies Credit Card Payments Transactions Deductions 52

Lendio

APRIL 30, 2024

Credit card companies have been using this function for a while—notifying you or even freezing your card when a suspicious transaction occurs. Their example is a plumbing-supply company that receives a large order from a non-traditional customer.

Small Businesses 52

Small Businesses Credit Card Companies Transactions 52

Due

APRIL 25, 2023

Cyber security has become more critical with the exponential growth of online transactions and e-commerce. Hackers across the globe try to invade your privacy in different manners, and one of the most crucial areas they entice is credit card info. Hackers can obtain your credit card number in several ways.

Credit Card Companies 109

Credit Card Companies Credit Scoring Credit Reporting Agencies Transactions 109

Lockstep

FEBRUARY 8, 2023

At face value, surcharging is a way for businesses to offset the fees they are charged by credit card companies. Using Lockstep your client can opt-in to pay with a credit card or by ACH. Surcharging can be a controversial topic today. In this blog, we discuss the pros and cons of surcharging, today.

Credit Card Payments 52

Credit Card Payments Credit Card Companies Transactions Payment Portals 52

Fundera

OCTOBER 30, 2018

Any small business owner who accepts credit cards should understand how credit card processing fees work. Credit card processing typically costs businesses between 1.7% per transaction. When you add up credit card processing fees over time, they can really eat into your bottom line.

Credit Card Payments 73

Credit Card Payments Credit Card Companies Transactions Small Businesses 73

Lendio

MARCH 15, 2023

Transaction Fees Credit card transaction fees: 1.7%–3.5% per transaction Payment processor fees: 2.87%–4.35% per transaction (for businesses that do between $10,000 and $250,000 each year) Technology has made it easier to process sales and payroll, but it’s also added to the cost of both.

Cybersecurity 52

Cybersecurity Transactions Credit Card Companies Deductions 52

Due

JUNE 22, 2023

10 Lesser-Known Benefits of Using a Credit Card Let’s delve deeper and find out if you have access to the following benefits on any of your credit cards. Price Protection Generally, most credit card companies offer this little-known yet common feature. There may be refund limitations.

Credit and Collections 59

Credit and Collections Credit Card Companies Credit Scoring Deductions 59

Due

APRIL 16, 2024

Document your transactions. Research the advisor and their company. The scammer received a payment: Get in touch with your bank or credit card company as soon as possible. Tell them you were scammed and ask them to freeze your accounts and reverse fraudulent transactions. Collect all communication.

Credit and Collections 52

Credit and Collections Credit Card Companies Debt Collections Transactions 52

Due

MAY 5, 2023

For example, if you have ordered a doorstep delivery and the merchant codes the transaction as a restaurant purchase, you should earn the reward per your card’s restaurant reward rate. Earn Extra Airlines Miles If you are a frequent traveler , you may find airline miles lucrative, and your restaurant credit card may help you earn some.

Credit Card Companies 78

Credit Card Companies Transactions 78

Due

APRIL 3, 2023

The issuance of post-sale fees for gift cards is governed by state legislation in a few states, however. A fee is charged for maintenance, activation, and transactions during the purchase process. There must also be a statement describing the accompanying fees on the gift card. Do gift cards have an expiration date?

Brokerages 80

Brokerages Transactions Credit Card Companies Deductions 80

Due

JANUARY 27, 2023

Keeping a careful record of all your transactions. Student loans, credit cards, and other types of personal debt can be a financial burden as well as a stress factor. “I During his walk across campus to meet some friends, a college student noticed a booth set up by a credit card company.

Credit Scoring 105

Credit Scoring Credit and Collections Credit Card Companies Default 105

Emagia

NOVEMBER 23, 2022

When customers pay with a credit or debit card, businesses have to pay a processing fee to the credit card company. With a digital payment system, however, all of your transactions are stored in one place, making it easy to see exactly where your money is going.

Payment Portals 52

Payment Portals Credit Card Companies Transactions 52

Fundera

JUNE 16, 2018

Banks and credit card companies spend millions of dollars each year on cash back, rewards points, and travel miles. That’s obviously a huge number, and one that’s increasing over time as banks and credit card companies offer more enticing benefits to businesses and consumers. billion in rewards payments!

Deductions 75

Deductions Credit Card Companies Transactions Small Businesses 75

NorthOne

JANUARY 8, 2023

Establishing your business credit card with an EIN is a relatively simple process: just sign up for an EIN , then use it in place of your Social Security number when applying for credit. Why apply for business credit cards with an EIN? Here’s how it works.

Credit Scoring 52

Credit Scoring Credit Card Companies Small Businesses Transactions 52

Lendio

DECEMBER 8, 2023

By the time a property closes, there are dozens of transactions related to the realtor and their clients. Real estate accounting is a specialized branch of accounting that focuses on managing the financial transactions related to a real estate business. You can also get a business bank account to isolate your business transactions.

Brokerages 52

Brokerages Deductions Transactions Credit and Collections 52

Lendio

FEBRUARY 27, 2024

When credit cards aren’t an accepted form of payment: Sometimes, specific vendors or large transactions require alternate payment methods. A business line of credit provides the flexibility to handle such situations with ease, ensuring that your operations run without a hitch.

Alternative Payment Methods 52

Alternative Payment Methods Credit Scoring Credit Card Companies Small Businesses 52

Fundera

DECEMBER 16, 2017

These advocates point to better rewards opportunities, higher credit limits, and tempting 0% APR introductory offers as reasons to make the most of being a business owner by choosing a business rather than consumer credit card for personal use. Separate transactions when shopping for business and personal needs.

Credit Card Companies 78

Credit Card Companies Credit Reporting Agencies Transactions Deductions 78

Fundera

MAY 19, 2016

3 Best Credit Card Companies. Finally, business owners might want to reach out directly to credit card companies for information. Organizations like Chase , American Express and Capital One specialize in business lending—and they’ll give you access to information about cards directly from their sites.

Credit Card Companies 72

Credit Card Companies Credit Scoring Small Businesses Transactions 72

Fundera

SEPTEMBER 18, 2018

You can get a free copy of your credit report every 12 months from AnnualCreditReport.com , the only site of its kind approved by the federal government. Be sure to order a report from all three major credit bureaus—Experian, Equifax, and TransUnion—and check for any transactions or inquiries that you did not authorize.

Credit Scoring 93

Credit Scoring Small Businesses Credit and Collections Collector 93

Fundera

NOVEMBER 1, 2018

Prepaid business debit card holders preload their card with however much money they want to spend, ensuring that they never go over their limit or spend more than they can afford. The credit card companies began offering lines of credit that were collateralized with an equal sum of money deposited with the credit card bank.

Small Businesses 49

Small Businesses Credit Card Payments Credit Card Companies Credit and Collections 49

Due

JANUARY 25, 2023

Business credit cards are one of the most practical forms of small business financing. Not only do they provide a revolving business line with an interest-free grace period, but they also help separate your business and personal transactions. Can You Get a Business Credit Card With Bad Personal Credit?

Credit Scoring 80

Credit Scoring Credit Reporting Agencies Credit Card Companies Default 80

Fundera

OCTOBER 8, 2018

These days, accepting credit card payments for your products or services is a virtual requirement. In fact, some businesses have begun to do away with cash transactions entirely—perhaps because researchers have found that people overspend with credit cards. This fee is known as the interchange rate.

Credit Card Payments 57

Credit Card Payments Transactions Credit Card Companies Small Businesses 57

CreditStrong for Business

MARCH 10, 2023

Capital One explained that the minimum payment must be received by the due date listed on the statement and partial payments that are below the minimum amount or any transaction returned for insufficient funds following the due date are also considered late. The extra 24 hours generally does not apply to payments made electronically.

Credit Scoring 52

Credit Scoring Credit Card Payments Bankruptcy Chapter 7 52

CreditStrong for Business

MARCH 3, 2023

In most ways, secured cards function identically to traditional credit cards. You can use them to complete your daily transactions, and they often provide modest cash back rewards. However, you must provide the credit card issuer with a refundable cash deposit to qualify.

Credit Scoring 52

Credit Scoring Credit Unions Credit Application Credit Card Companies 52

Fundera

JULY 5, 2018

With a prepaid business credit or debit card, the user preloads with the value of their choice from a business bank account —which means you can’t spend more than their limit. Prepaid cards also carry logos of major credit card companies like Visa or Mastercard, so they’ll work where most credit cards are accepted.

Credit Scoring 55

Credit Scoring Credit Card Companies Credit Card Payments Default 55

Fundera

MARCH 11, 2019

Why do APRs often vary from one transaction and period to the next? What about when I see APR for other types of credit, like a business loan? If you transfer money from one credit card to another, this is the rate that comes into play. For instance, you may find a credit card offer with zero percent APR for six months.

Credit Scoring 67

Credit Scoring Credit Card Companies Transactions Small Businesses 67

Lockstep

FEBRUARY 22, 2023

Using Lockstep Self Service, your client can opt-in to pay with a credit card or by ACH. For credit card payments, a modest surcharge covering the cost of the transaction processing fee and Interpayments fees will be added. For example, businesses are not allowed to surcharge debit cards.

Credit Card Payments 10

Credit Card Payments Credit Card Companies Credit and Collections Transactions 10

Fundera

OCTOBER 29, 2017

Why do APRs often vary from one transaction and period to the next? What about when I see APR for other types of credit, like a business loan? If you transfer money from one credit card to another, this is the rate that comes into play. For instance, you may find a credit card offer with zero percent APR for six months.

Credit Scoring 65

Credit Scoring Credit Card Companies Transactions Small Businesses 65

Fundera

MARCH 22, 2019

A merchant services provider (or MSP for short) is a company that helps retailers process credit card transactions. MSPs typically offer their client companies credit card machines, POS terminals , and online credit card transaction processing. Dharma Merchant Services Pricing.

Transactions 40

Transactions Small Businesses Credit Card Payments Credit Card Companies 40

billtrust

OCTOBER 5, 2022

Make sure your team has correct records of all transactions. Set up automatic payments: You can set up automatic payments with most banks and credit card companies. Send reminders and follow up regularly to ensure everyone is paying on time. Not keeping accurate records: This one can come back to bite you!

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections AR Automation Credit Card Companies 52

Fundera

NOVEMBER 22, 2018

The easiest way to answer that question is to investigate each credit card’s common features: They’re the tools that can help fix your problem or the drawbacks that exacerbate them. Foreign transaction fees. Credit score requirements. Take the Chase Ink Business Preferred Credit Card. Annual fees.

Credit Scoring 59

Credit Scoring Transactions Credit Card Companies Small Businesses 59

Fundera

SEPTEMBER 27, 2016

Business credit cards come with a preset spending limit based on your personal and business finances. But if you go over your spending limit, your transaction could be declined or you could be charged for it. As one of the decision-makers for your business, you’ll be the one who signs your business credit card application.

Credit Scoring 101

Credit Scoring Credit Card Companies Small Businesses Transactions 101

Fundera

AUGUST 12, 2018

While you’ll need to provide a slew of credentials to qualify for a small business loan —like strong revenue, time in business, credit score, industry risk, and more—credit card companies won’t ask for nearly as many qualifications on their applications. Is it worth it for the card’s rewards program?

Credit Scoring 63

Credit Scoring Credit Card Companies Small Businesses Transactions 63

Fundera

APRIL 13, 2016

Whether you’re using your personal credit card or a business credit card, if credit cards are your main form of financing and your business goes belly-up, guess who’s held responsible for all of the charges? Co-Mingled Expenses Bad for Personal Credit. That’s right—you.

Credit Card Companies 71

Credit Card Companies Credit Scoring Transactions Small Businesses 71

Fundera

AUGUST 10, 2016

Here’s Why You Might Be Hesitant About the Business Platinum Card… When you’re browsing through your business credit card options and you come across the Business Platinum Card, you might balk at the charge card’s $450 annual fee. Don’t Worry About a Foreign Transaction Fee. Enjoy Premium Travel Perks.

Credit Card Companies 74

Credit Card Companies Small Businesses Transactions 74

Fundera

MARCH 10, 2018

The easiest way to answer that question is to investigate each credit card’s common features: They’re the tools that can help fix your problem or the drawbacks that exacerbate them. Foreign transaction fees. Credit score requirements. Take the Chase Ink Business Preferred Credit Card. Annual fees.

Credit Scoring 59

Credit Scoring Credit Card Companies Transactions 59

Fundera

JANUARY 7, 2019

Businesses get charged a swipe fee whenever customers use their own credit cards to make a purchase. This fee is typically a few cents per transaction, but can add up quickly over time. For the most part, you can’t avoid them—you simply have to acknowledge that they’re one of the many costs of doing business.

Deductions 50

Deductions Credit and Collections Credit Card Payments Credit Card Companies 50