As a business owner, you know that your merchant bank account is crucial for your payment processing and financial solvency. This powerful tool helps transactions proceed quickly and safely, and can also be an asset for funding and cash flow. However, chargebacks can threaten your account, and may even get your business blackballed by the major banks and business merchant services. This month, we are going to take a deeper look at chargebacks, how to prevent them, and why high-risk merchants such as debt collection agencies are particularly vulnerable to them.
Category: business merchant services
How To Overcome First Challenging Year Of Your Business
That’s why you need a carefully constructed plan that addresses your infrastructure, funding, staffing, payment processing, and goals for growth. This plan will serve as your proverbial roadmap, and will help you better anticipate any challenges and prepare for them.
AVP Solutions Launches “SID” (SmartIDentity for Business) Training; Join us on April 19th
Our mission at AVP Solutions is to equip our merchants with the most comprehensive services and the highest level of customer service available. In that tradition, we are proud to announce the addition of SmartIDentity for Business (SID4B) to our core suite of services!
Are You Using The Best Card Processing Solutions?
At AVPS, we believe that continued discernment is what sets great entrepreneurs apart from the rest. As we approach tax time, now is the perfect time to take a second look at your options to see if you can get better rates, better service, or simply the peace of mind that you are getting the best provider for your financial needs.
You May Need More Help Than Your Antivirus Software Can Give
A recent article in Slate’s “Future Tense” section has some sobering news: “In 2005, Panda Software reported that a new strain of malware was discovered every 12 minutes. In 2016, the cybersecurity company McAfee says it found four every second.”
Is Your ECommerce Business Underperforming? Common Missteps You May Be Making
If your ecommerce business just isn’t performing to the level that you want, it may be time to reassess your approach. As your trusted provider of retail merchant accounts, AVPS wants to see all of our ecommerce clients achieve their goals and continue to grow.
PCI Develops Payment Security Resources For Small Businesses
As their recent press announcement puts it: “small businesses around the world are increasingly at risk for payment data theft. Nearly half of cyber attacks worldwide in 2015 were against small businesses with less than 250 workers, according to cybersecurity firm Symantec.”
And now, to try and help these smaller companies shore up their defenses, the PCI Security Standards Council (PCI SSC), whose security protocols and recommendations we report on here, on a recurring basis, have now set up a Small Merchant Task force which has developed a set of payment protection resources for those same businesses.
Pop-Up Businesses—A Unique Concept That Helps Both Entrepreneurs and Their Communities
In our post-recession economy, the pop-up business model is taking millennials by storm. Sometimes referred to as a “finite business,” pop-up businesses capitalize on buzz and transform entrepreneurial creativity into a unique experience for both the operator and the community. The rise of pop-ups began around 2008, when the recession created a virtual vacuum in the business world. With so many businesses going under, we experienced a rise in vacant properties with no long-term purchase and rental prospects in sight. However, the short-term pop-up business could bring interest back into a property, thus benefiting both a cash-strapped entrepreneur and a struggling property manager.
“Fintech” and Futures
Last week, we touched on a word that any reader of this blog should probably add to her vocabulary at this point: “Fintech.” As we noted, it’s a contraction of “Financial Technology,” and it’s popping up everywhere — particularly in studies of how fast consumer finance, and the finance industry itself, is changing.
Avoid a First-Quarter Slow Down—Why the Post-Holiday Season is Still Rich with Sales Opportunities
With the rush of the holiday season behind us, many business owners settle into the New Year with expectations of a prolonged slow-down in sales. However, now is the perfect time to reevaluate your marketing and sales strategies. Rather than assume your customers or clients struggle financially after holiday spending, think about how to utilize this time of year to your advantage.
