There are a lot of things to think about when you run a small business. From managing inventory and customer relationships to handling finances and employee payroll, there's a lot to keep track of. And while there are plenty of software programs and tools available to help small business owners with these tasks, not all of them are free.
There's no shortage of customer service software tools available on the market today. But with so many options to choose from, how do you know which one is right for your business?
The best customer service software tool is the one that meets your specific needs and requirements. To find the right tool for your business, start by evaluating your customer service goals and objectives. Once you know what you need to accomplish, you can narrow down your options and choose the tool that will help you best reach your goals.
As a merchant, you have many options when it comes to credit card payment processing. You can choose to process payments through a third-party provider, your own in-house system, or a combination of both. The right solution for your business depends on a number of factors, including the type of business you operate, your volume of sales, and your budget.
Third-Party Credit Card Payment Processing
If you're like most people, you probably use a credit or debit card for the majority of your purchases. But have you ever wondered how those transactions are processed? The answer is merchant services.
Merchant services are the backbone of credit and debit card processing, allowing businesses to accept these forms of payment from their customers. In order to provide merchant services, businesses must partner with a merchant services provider.
A merchant account is a type of bank account that allows businesses to accept credit card payments. In order to set up a merchant account, you will need to contact a bank or other financial institution that offers this service.
High-risk merchant account services are specialized accounts that are designed for businesses that are considered to be high risk by banks and other financial institutions. There are a number of factors that can make a business high risk, including the type of business, the products or services offered, the industry the business is in, and the country the business is based in.
PCI DSS (Payment Card Industry Data Security Standard) is an information security standard for all companies that handle cardholder information for their merchant facilities, ecommerce environments or any other environment where this data could be stored. It was developed and created by the Payment Card Industry Security Standards Council (PCI SSC). To understand PCI compliance, you need to know there are four levels of compliance:
A payment gateway is an online service offered by a payment processor that authorizes payments for eCommerce websites, including brick-and-mortar businesses using internet enabled devices. It's the link between your website and your customers' preferred payment methods; like credit cards, debit cards, bank accounts, etc. The connection uses secure internet protocols to ensure transactions are secure.
Hedera Hashgraph is a public distributed ledger designed to provide a fair, fast, and secure platform for applications requiring high throughput and low latency. The Hedera mainnet launched on September 16, 2019.
HBAR is the native cryptocurrency of the Hedera Hashgraph network. It is used to pay transaction fees and is required to develop, deploy, and run smart contracts on the network.
When you make a purchase with your American Express card, you're entitled to certain protections under the Fair Credit Billing Act. This includes the right to dispute a charge and receive a refund if you believe you've been wrongfully charged.
If you do choose to dispute a charge, American Express has specific time limits in place for when you need to do so. Chargebacks must be filed within 120 days of the date of the transaction in question, and you'll need to provide supporting documentation within 180 days.
