What Are Average Credit Card Processing Fees?

An Explanation of Credit Card Processing Fees

Allowing consumers the option of paying with their credit card is crucial since 86% of Americans tend to opt for using plastic over paper when making a purchase.

If you are a small business owner who already accepts credit cards or is considering it, you should be aware of the processing fees that come along with this business decision.

There are a few different deciding factors on what your business will shell out for credit card processing fees.

Find out more what decides your transaction fee amounts below.

source https://www.emscorporate.com/news/average-credit-card-processing-fees

7 Biggest Business Problems for Small Business Owners

7 Challenges Small Business Owners Face

If you are tossing around the idea of starting your own small business, or are already a few years into being your own boss, there are a handful of common problems local business owners face.

Between learning how to manage a business checkbook (as opposed to a personal one) and struggling to stay energized while working 14+ hour days, running a small business, no matter what industry, is a lot to handle.

Learn more about what small business challenges may lie ahead for you and tips on how to overcome them below.

source https://www.emscorporate.com/news/7-biggest-problems-for-small-business-owners

6 Fraud Tactics You Need To Be Aware Of As A Business Owner

Running a business is hard.

From the smallest mom and pop shop to the largest multi-national corporations, keeping your lights on and your doors open is a tall order.

There are countless things you have to consider and take care of when you're running a business.

You have to take care of your employees, your customers, stock your inventory, market your business, scale your business, and take care of your finances, to name a few.

If you're running a business or you ever have, you know it's a 24/7, 365 job.

Even when you're on vacation, you're tending to your business.

At home with the family? You're probably at the very least thinking about your business.

It's hard, and no one in the business world is going to deny that.

And that's when everything is going smoothly.

When things go wrong, it can turn into pure chaos.

If your supplier misses a shipment, an employee calls out sick, or your accountant puts a comma in the wrong place on your balance sheet, it upends everything you're doing.

Another thing you have to worry about is fraud.

Some people in this world would rather leech off of the people who work hard and commit fraud rather than working hard themselves.

In the article below we will talk about six fraud tactics that every business owner should be aware of.

source https://www.emscorporate.com/news/6-fraud-tactics-to-be-aware-of

10 Creative Ways To Show Employee Appreciation

One of the most important parts of a successful business is the employees that operate it.

Business owners are important, but they can't do everything alone.

They need a team of dedicated employees that support the business, share its vision, and want the business to succeed.

Finding the right employees for your business is also one of the hardest things to do.

You not only need to find qualified employees, but you need to find employees that fit in with your company culture.

And once you find these employees, you need to be sure they stick around.

Replacing old employees and training new employees takes time and money, and it often slow downs the progress of your business.

So it's imperative that the best employees stick around.

One of the best ways to get them to stick around is to show appreciation.

No one wants to work hard for someone else without feeling appreciated.

Below we will discuss ten creative ways to show your employees appreciation.

source https://www.emscorporate.com/news/10-ways-employees-appreciation

Cash Register vs. POS Systems | Which is best for your company?

If you're starting a business or looking to improve an existing business, there are many things you need to consider.

Especially for a new business, the list of to-do's can be very daunting.

Wouldn't it be nice if we could flip a switch and have everything set up and ready to go?

Unfortunately, that's not how things work in the real world.

Most things, especially starting or improving your business, take a lot of hard work to complete.

Near the top of your to-do list, though, should be how you are going to ring up customers and process sales.

A business that can't accept money isn't a business at all.

Up until recently, you didn't have many options when it came to processing sales.

You picked out the cash register you liked, plugged it in, and you were ready to go.

Technology has changed everything though, and the way you process sales is no different.

Now you have the choice between cash registers and POS (point of sale) systems.

In the article below, we'll talk about cash registers and POS systems, and help you decide which is best for your business.

source https://www.emscorporate.com/news/cash-register-vs-pos-systems

7 Ways To Maintain Effective Relationships With Your Customers

A business isn't a business if it doesn't have on critical thing; customers.

If you don't have anyone buying your products or services, you don't have a business; you have a hobby.

Customers bring in money, and money makes the business.

That's why there are billions of dollars spent every year by companies trying to find customers and bring them to their business.

Finding customers is time-consuming and very expensive.

So, once a business has found a customer, they need to be sure to keep them as a customer.

They need to incentivize them to come back, to keep shopping with them.

To keep using their services.

A loyal customer is much cheaper than a new customer.

Once you've found a customer, and turned that customer into a loyal customer, you need to build a strong relationship with them.

If everything is done right, that customer will turn into a fan, and they will buy things just because you're selling them.

Then, they will tell all their friends about you, which is word of mouth advertising, which is free.

That's the best kind of marketing.

So, how do you build those strong customer relationships?

It's a lot easier than acquiring them in the first place.

Below, we'll discuss seven ways to strengthen customer relationships.

And, most of them won't cost you a penny.

source https://www.emscorporate.com/news/maintain-effective-relationships-with-customers

5 Mobile Credit Card Processing Myths Busted

Although still relatively new, mobile credit card processing is on the rise.

What we thought couldn't be any more convenient, taking a single card out of your wallet to pay for something, has somehow gotten even easier.

Credit cards are slowly killing cash.

Are we about to witness mobile credit card processing kill the credit card?

The benefits are innumerable for both the business and the consumer.

Mobile credit card processing is more convenient, the business can streamline their POS system, and they gain access to a new world of business opportunities based on data collected from their customers.

However, mobile payments as a whole remains a hotly debated topic among retailers, customers, and industry experts alike.

Maybe it's because humans are generally resistant to change.

When credit cards were first introduced, no one trusted them over cash.

Even when banks first became mainstream, people would still rather keep their money in a safe at home.

Every innovation takes time to evolve. Mobile credit card processing is no different.

Moreover, with every innovation, comes a laundry list of myths that keep it from breaking through.

Myths that are either completely made up, or are based on false information.

In the article below, we will bust five myths about mobile credit card processing.

source https://www.emscorporate.com/news/5-mobile-credit-card-processing-myths-busted