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.
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.
A payment gateway encrypts and transmits customer data; a processor moves funds between accounts. Both are essential for online credit card transactions.
Restaurants benefit from using payment processors that offer POS integration, fraud protection, flexible terms and support for mobile and online payments.
Mobile credit card payment processing apps for Android include PayPal, Square, SumUp, QuickBooks and Shopify, offering varied fees, hardware and features.
PayPal functions as a digital wallet with higher transaction fees than merchant accounts but offers simpler setup with no monthly fees for basic accounts.
You can accept iPhone payments with credit card readers from processing companies like Clover Go, Square Reader, PayPal Zettle, Helcim, Payanywhere, or SumUp.
Top PayPal alternatives include Stripe for e-commerce, Square for POS, Authorize.Net for multi-channel payments, Shopify Payments and Braintree by PayPal.
Every bar owner understands that bars have unique needs, and so does your bar POS system. Learn how to choose the best bar POS system for your business.
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.
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.
High-risk merchant accounts face higher fees, rolling reserves, and stricter terms but can access international markets and find processors like PayKings.
NFC mobile payments use Apple Pay and Google Pay through contactless card readers. By 2026, 60% of people globally will use digital wallets for purchases.
Cash flow is critical for construction contractors. Learn best practices for ensuring your clients pay you and tips for dealing with nonpaying customers.
Meta Pay lets businesses accept secure, fee-free payments across Meta’s platforms, making social selling easier with simple setup and purchase protection.
Stripe is ideal for online businesses needing customization, while Square suits in-person sellers with free POS tools, transparent pricing and fast setup.
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.
