Business Payments
Whether you’re paying suppliers or processing customer transactions, payments are a necessary part of keeping your business running. Business payments require the right technology and agreements to keep your business profitable, while the best tools generate vital payments data that impacts your bottom line. Manage accounts payable and receivable with these resources.
With this guide, learn how a point-of-sale (POS) system can transform your business by increasing sales, maximizing results and reducing waste.
Lightspeed, Helcim and Clover offer retail POS systems with inventory management, sales analytics and customer engagement features.
Cash flow is critical for construction contractors. Learn best practices for ensuring your clients pay you and tips for dealing with nonpaying customers.
With a POS system installed on your phone or tablet, you can accept payments on the job, send digital receipts, and accurately record payment details.
Meta Pay lets businesses accept secure, fee-free payments across Meta’s platforms, making social selling easier with simple setup and purchase protection.
Credit card processing laws ensure secure payments by requiring PCI compliance, fraud prevention, and adherence to federal and state regulations.
Accepting credit cards requires a payment processor like Square or Stripe, a merchant account, and hardware like POS terminals. Fees range from 1.5% to 4%.
Learn about late payment charges, late charge fee policies and maximum allowable invoice late fees by state, including legal limits and best practices.
Square, Clover and Toast offer coffee shop POS systems with order customization, inventory management and loyalty program features.
Medical offices bill insurance providers for clients' services. Learn what's involved, including HIPAA regulations, what to include and what can go wrong.
Direct deposit can benefit small businesses when set up correctly. Learn all about direct deposit, including the pros, cons, tax laws and implementation.
Reduce chargebacks through clear return policies, detailed receipts, prompt customer service and thorough documentation for all transactions.
Stax and Square give merchants an easy and convenient way to accept credit cards. Learn how their features, plans, pricing and integrations compare.
Restaurants benefit from using payment processors that offer POS integration, fraud protection, flexible terms and support for mobile and online payments.
Stripe is ideal for online businesses needing customization, while Square suits in-person sellers with free POS tools, transparent pricing and fast setup.
High-risk merchant accounts face higher fees, rolling reserves, and stricter terms but can access international markets and find processors like PayKings.
A payment gateway encrypts and transmits customer data; a processor moves funds between accounts. Both are essential for online credit card transactions.
Top PayPal alternatives include Stripe for e-commerce, Square for POS, Authorize.Net for multi-channel payments, Shopify Payments, and Braintree by PayPal.
Accepting credit cards helps construction firms boost cash flow, reduce bounced checks and offer clients flexible, secure payment options.
Venmo for Business lets small businesses accept payments easily with low fees, quick setup, no approval needed and access to a large, young customer base.
To accept Apple Pay, ensure your credit card processor supports it, use an NFC-enabled card reader, enable Apple Pay on your account and train your staff.
You can accept credit card payments over the phone by securely keying the customer's card details into your POS terminal, mobile app or virtual terminal.
To accept credit cards with PayPal, set up a business account, connect to PayPal’s payment gateway, and use PayPal Zettle for in-person or online payments.
Mobile credit card payment processing apps for Android include PayPal, Square, SumUp, QuickBooks and Shopify, offering varied fees, hardware and features.
Accepting online payment apps like Apple Pay and Google Pay can boost sales and offer convenience, though they have higher fees and security risks.
Construction firms should choose ISO/MSP processors for large, varied payments and mobile POS systems to accept credit cards in the field and online.
Credit card receivables financing advances funding based on future sales with high approval rates. Factor rates tend to be 1.1-1.5 with 10-20% holdback rates.
PayPal charges 2.89% + $0.29 per online transaction and 2.29% + $0.09 for POS payments. No monthly fees make it affordable for startups and small businesses.
Accept credit cards on your phone using mobile readers and apps from Square, PayPal, or Chase. Download the app, connect a reader and start processing payments.
Square suits high-volume businesses with lower online fees and robust POS tools at 2.6% + $0.10. PayPal works for low-volume merchants needing flexibility.