So, this is pretty straight forward. You dispense marijuana (cannabis) that is legally prescribed by a certified doctor to patients that need their medicine. The problem is that most of your customers want to pay by credit card, but unfortunately, you only accept cash. It’d be nice if you could accept those cards, wouldn’t it? […]
Archive for the ‘Credit Card Processing’ Category
The short answer is yes, but there’s more to it than that… The Statistics According to the U.S. Census Bureau, there will be a projected 181 million credit card holders living in the country this year. That’s over half the population. I could get into even more detail about the numbers, but it’s pretty obvious […]
The other day I was reading an article over at Transaction Trends called “Managing Problem Merchants.” If you feel like putting yourself in your ISOs shoes for a bit, give it a read. As much as we like to think that we’re always 100% right, and that we should do everything in our power to […]
The Complete Guide To Surviving Rolling Reserves (Plus, 4 Smart Tips To Manage Your Cash Flow In A Crisis)
If you accept credit card payments, at some point you’re going to encounter the term “rolling reserve” — read on to find out what a reserve fund is, how likely you are to face one, and how to keep your business afloat in the worst-case scenario.
One of the toughest things to understand about the merchant account industry, is the actual industry itself (i.e. how it operates, who the players are and what goes on behind the scenes.). The credit card Cosa Nostra doesn’t like to function in plain site, so you need to dig deeper to understand it all. Between […]
It’s a daunting task…or is it? Merchant account setup doesn’t need be a hassle. Of course it may seem so, especially when you first dip your toes in the process, but with a little advice from the Maverick, you’ll be up and running in no time, and hopefully, without any stress. I’ve broken the process […]