Increasing Payment Success Rate
Every business eventually reaches the point where its revenue either becomes real or disappears. This point is referred to as the moment of payment. Whether a sale has just been closed, a service has just been provided, or a membership has just been initiated. If a customer’s payment fails to process correctly or take too […]
The Power of a Virtual Terminal
As a small business owner, you’re juggling multiple priorities on a daily basis. One minute you’re helping customers, the next you’re sending invoices. As well as, checking on unpaid invoices, and trying to keep your cash flow equal. When payments come in at different times or are complicated and difficult to collect, it can add […]
Why Small Businesses Should Use a Payment Gateway
The past 10 years have dramatically changed customer expectations of payment speed, security, flexibility and method. Entering the market today, the majority of all consumers expect online payments and invoices to be completed in a timely manner and by the preferred payment method. For small business owners, delaying or denying access to outdated payment processing […]
Customer Loyalty Programs | Redefining Long-Term Growth
Many of the most successful brands today utilize a combination of customer loyalty programs and data-driven marketing techniques. They do this to create an experience that keeps their customers coming back again and again. Over the past decade, businesses have begun to change the definition of customer loyalty from one-time, immediate benefits, to building long-term, […]
Why Accepting ACH Payments is Crucial for Your Business
Eventually, all businesses see their growth restricted by payment method limitations. This is most commonly due to reliance on credit card and check payments. Payment systems often create challenges to the transaction process. Including, processing fees, delayed deposits, and loss of time trying to correct missed or manually processed transactions. For companies that are growing […]
Service-Based Billing That Simplifies Life for Business Owners
Service-based billing has simplified financial management for small business owners. As a small business owner, running your business means you’ve probably spent most of your day juggling tasks while taking on many responsibilities simultaneously. You may have gotten up this morning, confirmed your appointments, spent most of the afternoon meeting with clients or customers, and […]
Why Subscription Service Payments Are Simple With GMS
What are Subscription Service Payments? Subscription service payments are automatic payments made over a period of time in recurring billing intervals such as monthly, quarterly, or annually. Instead of collecting money from your customers on each occasion they purchase your service, subscription payment services provide predictable, sustainable cash flow for a business. This payment service […]
Emerging Payment Processing Trends For Small Business Owners
The world of small business payments is changing fast. Just a few years ago, swiping a credit card was innovative. Now, consumers expect instant, contactless and secure payments every time they shop. To keep up with the competition, small business owners have to adapt to the latest payment processing trends to understand how money is […]
How to Manage the Rush of the Holiday Season for Businesses
The holiday season is fun for your small business. You have holiday shoppers filtering your stores, customers placing online orders, and the atmosphere of holiday spending is everywhere. While it can be fun, there is also a lot of pressure. The holiday season rush can be stressful which includes timely and efficient payment processing. Enjoying […]
Payment Unification: The Overlooked Advantage
There is a quiet drain on your business, but it’s not your rent or your employees. It is the broken manner in which you accept payments. You have one system for accepting credit cards. Also, one for ACH. As well as, have an entirely different tool for recurring billing. You even may have a clumsy […]