Auto lenders are facing a big problem: credit quality is deteriorating. Private lenders and buy here pay here lenders are getting hit the hardest.
Read MoreAs a merchant, you know the importance of getting the most out of your credit card processing and merchant services provider. You may have already discovered there is a lot to consider when looking for the best integrated payment processing provider for your business. Most merchants agree that it is important to get the best rates but there is a lot more to consider. If you ever had a bad experience with a disreputable credit card...
Read MoreFor your collections business, we’re sure you’d agree that you need to collect faster on your portfolio to make more money.
Read MoreAre you getting the best rates with your merchant services provider? How would you know? As a merchant, you have options when it comes to merchant service providers. The cost of processing credit cards can get out of hand if you are not able to keep a close eye on your monthly merchant statement. If you think your monthly credit card processing merchant statements are confusing, you are not alone. It is very possible that your merchant...
Read MoreOne common question that our team at REPAY receives from many merchants is, “What is the difference between Level 1, Level 2, and Level 3 processing?”
Selecting the right processing level for your business simply requires understanding how much data you are able to provide about your transactions. The more data provided to Mastercard and Visa, the higher the savings. Offering more data results in added security and protection from fraud as well as lower...
Read MoreThere’s no doubt that consumer preferences are evolving quickly while expectations for high quality service continue to rise. Dealers not only have to identify the right mix of product and service offerings to attract new customers, they must consider how to effectively nurture these customers past the initial sale to develop long term relationships and establish recurring revenue streams.
Read MoreNearly every business in the business to consumer (B2C) space needs to have a payments option and most in the business to business (B2B) space need one, too. What used to be a convenience is now a requirement. The lack of many options not long ago meant that B2C and B2B payments were simple and streamlined. It used to be easy for a business. Sign up with a processor, get a terminal in your store or office, process payments and move along to the next initiative. But things are changing...
Read MoreBusiness intelligence (BI) seems to be the hottest new buzzword in town and can be found across a multitude of industries and platforms. For those who don’t understand it, or perhaps for those who haven’t had the chance to fully realize its purpose and impacts, it can be vague and often intimidating. Upon hearing the term, you may imagine a robot spitting out data or an unending sequence of unreadable formula tables and statistical jargon. These preconceived notions may not be entirely misplaced, but the...
Read MoreBeing able to collect and process payments from customers is a key function of any business, regardless of its size or type. With the number of options available for payment processing expanding on a regular basis, it could not be more important for company owners to understand the different methods available for them to choose from. The question “what is merchant processing?” is often asked by those who are new to setting up their own business. The answer is relatively simple.
Read MoreBusiness-to-business (B2B) and business-to-government (B2G) purchases are increasingly being made via purchasing, corporate and business cards. The interchange rates for these types of cards traditionally have been some of the highest in the world. With that said, over the past several years, a new program has been created to help stimulate the American economy. Large corporations and government agencies have already began to take advantage of this program, significantly lowering their merchant account...
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