A Complete Guide For Processing Credit Cards Online and Over the Phone

So, you’ve decided you want to accept card-not-present (CNP) payments. It’s a lucrative investment—because who doesn’t love the convenience of shopping online or calling in an order instead of making a trip to the store? Statistics tell us it is, too. There was a 15.5% increase in U.S. ecommerce sales from 2016 to 2017, with […]

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5 Mistakes to Avoid with Recurring Billing

Recurring billing, also known as recurring credit card processing or auto pay, can be a useful business tool and a valued perk for customers. It gives them the convenience of not having to remember to pay for product or service plans that occur over a length of time. Payment due dates suddenly require no action, […]

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1099-K: History and Hints

Section 6050W of the IRS tax code came with the Housing Assistance Act of 2008 (although it’s completely unrelated to housing) and introduced us to the 1099-K. Known as the “Merchant Card and Third Party Network Payments” form, the 1099-K is an IRS effort to increase tax compliance and decrease the “tax gap,” or the difference […]

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