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Being as flexible and diverse as possible when it comes to payment processing is one sure way to attract and keep customers. After all, purchases are the lifeblood of your retail establishment. It might even be time to add accepting Bitcoin and other types of cryptocurrency payments into your business’s portfolio.
Identity theft and other types of credit card fraud are not just disturbing and disruptive to consumers, but they can also take a heavy financial toll on merchants and even jeopardize their solvency. If you own a business that accepts sales via a POS credit card reader, watch out for these signs of potential criminal behavior.
Your business line of credit is a vital safety net. It provides you with the security you need to navigate the ups and downs of running a restaurant or retail establishment. However, although it offers you a pool of funds you can utilize for any number of reasons, don’t spend up to your limit without understanding the consequences.
Not so long ago, business owners were grappling with the decision of whether to accept debit and credit cards in their physical stores. Although just a few years have gone by, that concern seems virtually archaic now. That’s because technology is racing forward at such a mind-bending pace that entrepreneurs have no choice but to adapt and evolve if they want to succeed.
With each passing year, more and more consumers are buying some, if not all, of their goods and services online. In order to pay the merchants from whom they make their purchases, most customers are inputting their names, addresses, and credit card data numerous times over a broad range of ecommerce sites.