If you want to find out more - we offer a free 15-minute consultation, and you can book your call here. We talk about these products and dive into the programs out there, and we work with start-ups, retailers, e-commerce, and wholesale companies.
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These industries are a moving target, and we will talk about how to get a merchant account if you are in one of these businesses and what products are being accepted for Retail and the list is different for E-commerce. This industry has the most government agencies watching it - also state, local, and the federal government and congress. We will talk about what is going on with the FDA, FTC, DEA, FBI, and the USDA. In today's podcast, we dive into the world of CBD, HEMP, Smoke Shops, and Kratom. And also why regulation will not work because congress has no clue about how the business really works. Some suggestions on what the card brands should do - listen in we talk about some easy changes that could be made. If congress wants to call me - I can come up to Washington DC and do a whiteboard demo and explain to them how these systems work, how complex they are - when I hear a guy from the National Retail Federation say at another hearing how the credit system is broken - here is another example of how out of touch these people are with reality. The other reality is this Congress does not understand how credit works, and they do not understand how credit card processing works, either.
the public are the owners of these companies. Also, who owns these companies? - the card companies and banks are not owned by one individual although that is what they try to spin - these companies are owned by shareholders, stockholders, investors in the stock market, people who have a 401K, people who have IRA's, etc. The real deal is this - congress needs to stay out of private business - because business always makes adjustments when Congress makes laws. We discuss these two articles - it is more about the mid-term elections and a lot of posturing and blame being put on big companies. Florida Credit Union Association was urging Senators not to go along with this proposal. The first was in the capitalist - an opinion stating that if interchange was more regulated, it would cause a lot of harm to small banks, credit unions, and local banks. Two articles came out about these hearings and a "Bill" that is sitting on the Senator. In today's podcast, we dive into what is going on with congress and credit card processing.
Paying by credit card has been around for years -during the pandemic, it hit new levels, and when people started up side hustles - they needed to accept credit cards - so sit back and listen and hear about all the advantages and disadvantages of each of these services.Īs always, we offer a free 15-minute consultation. We talk about the pricing models - when it is good and when the pricing is better to deal with an actual merchant services provider like. When it comes to merchant services - we have the experience of dealing with all types of businesses and technology, and we talk about small business - taking your side hustle to the next level and what toĬonsider when you will start accepting payments - credit cards and getting merchant services. We understand the struggle that small businesses work - we have a good understanding from the standpoint of being a merchant and being a merchant services provider - which gives us a unique perspective on the subject - this is a question that comes up often, so we wanted to tackle it.
We are diving into Paypal, Square, Stripe, or a merchant account and how these companies work what are the differences so you can make an informed decision.Īllen Kopelman and Justin Owings dive deep into the discussion as we have both been merchants. Today we are discussing what is the best option for your business when it comes to payments.
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