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Financing any small business is a headache, but acquiring funding for a medical marijuana dispensary can be even more of a challenge. Medical — and recreational — marijuana is legalized in states across the nation, but it is still illegal under federal law. These laws make it more difficult for owners of medical marijuana dispensaries […]

First Data Global Leasing has the dubious distinction of being among our rogue’s gallery of the processing industry’s worst credit card terminal leasing companies. While it offers high-quality products in the Clover line of terminals and POS systems, it’s disheartening that an industry leader such as Fiserv would condone awful business practices by a subsidiary.

CIT Direct Capital is an online funder offering working capital, equipment financing, and franchise financing to small businesses. They prefer to work with entities that have been in business for at least two years. Even though their rates are reasonable, they have stringent borrower qualifications. Be aware of the high number of complaints about the company filed with the BBB.

Sadly, as the global COVID-19 pandemic wreaks havoc on our world and our institutions strain to cope with it all, scores of businesses are facing the excruciating reality that remaining in operation just isn’t feasible. As terrible as it is, there are steps you need to take to ensure that the pain of closing your business isn’t even more devastating to your employees and your finances than it needs to be.

We’ve identified seven different features that you need to look at very carefully in selecting a merchant account provider. They’re all equally important, and you’ll want to examine each of them when evaluating any merchant account provider you’re thinking of signing up with. While it’s unlikely that you’ll be able to come up with a precise estimate of your overall costs, you should be able to get a pretty good idea by evaluating these seven features.

A First Data contract can be hard to cancel right away. The main problem is that it has an early termination fee (ETF), which could get pretty hefty if you cancel at the wrong time. To pay less of the ETF, you might have to wait a few months. But there are other obstacles as well. In this article, we’ll explain how the cancellation process typically works. You’ll still have to read some of that contract, but we’ll help you find the relevant parts more quickly for quick lookups.

While merchant account fees are definitely irritating (and expensive!), they’re often an inevitable cost of doing business. Even if you sign up with a payment service provider like Square that doesn’t charge monthly fees, you’ll still be paying the costs associated with maintaining your account in the form of higher transaction processing rates.

Closing a merchant account is never a simple process. Providers such as Worldpay go out of their way to make it as difficult as possible in the hopes of discouraging you from terminating your business relationship with them. We’ve laid out the specific steps that you’ll need to follow to do so successfully.

We often think in terms of insurance for expensive items we already own, but when it comes to anticipated future expenses, we usually only think in terms of savings. Businesses that expect to replace equipment in the near future, however, can prepare for those expenses in another way: by seeking a lease line of credit. […]

Overview: USAePay is a payment gateway provider with a headquarters in Glendale, California, and a second office in Albany, New York. First launched in 1998, it’s one of the oldest payment gateway providers in the eCommerce industry. It’s important to understand that the company is not a merchant account provider. USAePay produces and maintains a […]