Payment Methods | 6 Common Types of Payments
What is a payment? A payment is the transfer of money in exchange for goods and services that have been previously agreed upon by all parties involved. There are many different types of payment methods. A payment can be accepted in the form of cash, check, ACH payments, credit card payments, debit card, check, or […]
Accept Contactless Payments at your Business
What are Contactless Payments? As the name suggests, contactless payments don’t require any physical contact between the buyer’s credit card or smartphone and the point-of-sale (POS) system. You can pay for goods and services with just a simple contactless tap of a phone, card, or wearable device. Should I Accept Contactless Payments at my Business? […]
GMS Announces Partnership with FaveSalon!
Gulf Management Systems, Inc. (GMS), a national payment provider that provides payment services to thousands of small businesses, announced today that they have integrated their credit card processing solutions with SAMS POS by Favesalon, Inc., a leading salon management software. The new built-in payment configuration with SAMS POS will enable its users the ability to […]
What is the best POS software for my business?
In today’s everchanging payment and software industry, it’s easy for business owners to get all caught up in all the hype of the newest features or next greatest POS software. However, it’s important to remember that the features that wow you today might not be essential for you business in the long-term. In fact, you […]
Covid-19: The Growing Surge of Contactless Payments
With Covid-19, many consumers and businesses are turning to contactless payments to combat the spread. To meet current Covid-19 safety protocols, businesses have re-focused their safety standards and implemented new social distancing rules for their consumers. These new regulations have impacted both business and consumer behavior when it comes to making purchases and collecting payments. […]
How to Automate Your Billing
Are you tired of chasing down your members for overdue membership fees or having to go to the bank to cash checks? Collecting your payments each month can be a burdensome task for some business owners. This is why it’s important to automate your billing and set up your member’s monthly payments to be taken […]
Merchant Services: How to Avoid Unnecessary Processing Costs
Setting up merchant services is an important step for any business owner looking to collect one-time or recurring credit card payments at your business. With the right merchant service account set up, you will be able to easily accept credit card payments at your retail store, on-the-go, or through your software. However, if you’re not […]
Cut your Processing Fees by as much as 75% with ACH
Many business owners are unaware of the financial advantages of collecting payments via ACH (E-Check) over credit cards. The truth is many payment processors don’t want you to know this fact so they can take more money out of your pocket. When you accept a credit card payment, such as Visa or MasterCard, you’re charged […]
New Digital Hand Sanitizer Kiosks for Retail Businesses
GMS now offers new digital hand sanitizer kiosks for retail businesses in the United States. The turnkey hardware/software is the perfect addition for any business owner that may be looking for a safe, effective sanitizing solution to ensure that their customers and guests remain as safe as possible. With the new kiosk software, business owners will now […]