Time is Money: Instant Payments

Every business, at one time or another, has found themselves in a pinch that only fast access to capital can resolve. It may stem from payroll demands, a new investment opportunity with an immediate call to action, or—worst case scenario—an unexpected emergency. In any event, it’s important that you have the option of real-time access […]

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Everything You Need to Know About Interchange

As a business owner, accepting credit cards is crucial to your organization’s success. And if you accept credit cards, interchange is a relevant topic to understand. It affects your merchant account fees and in turn your margins. Yet many business owners don’t know the meaning behind this credit card processing term. It’s a common belief […]

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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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