payment industry news
Follow the blog for all of your payment industry news. We talk about FinTech, Credit Card Processing, High-Risk Merchants, and much more. Allen Kopleman has been providing merchant accounts for small business for over 20 years. Nationwide Payment Systems provides merchant account services to local businesses in South Florida.
How Acquirers Underwrite a CBD Merchant: What Application Reviewers Look For Beyond the License
When an acquiring bank underwrites a CBD merchant, the license is the first thing it checks and the least of what it decides on. The reviewer is really asking one question: if this account is ever examined by the card...
What Tax Reporting Does a Business Take On When It Accepts Cryptocurrency?
When your business accepts cryptocurrency, the IRS treats the coins you receive as property, not money, so every crypto sale is reported as income at its U.S. dollar value on the day you were paid, and if you keep the...
Accepting Cryptocurrency Payments for an Online Retail Store: A Practical Guide
An online retail store can accept cryptocurrency without ever holding any, and for most stores that is the right way to do it. A crypto payment processor shows the customer a price in the coin they choose, takes the...
ACH Return Codes: What They Actually Tell a Merchant About a Failed Payment
An ACH return code is the bank's short explanation of why a payment you pulled from a customer's account came back. Read correctly, it tells you three things at once: whether the money is gone for good or can be tried...
Friendly Fraud vs. a Legitimate Customer Complaint: How to Tell the Difference
The fastest way to tell friendly fraud from a legitimate complaint is to look at what the customer did before the dispute. A real complaint usually leaves a trail: a message to you, a return request, a delivery problem or a...
How to Choose a Payment Gateway: Hosted, Integrated or Virtual Terminal
The right payment gateway depends less on brand names and more on where the card number gets typed. If customers pay on a page the gateway hosts, you get the quickest setup and the lightest security burden. If payments live...
Enterprise Payment Platform: What to Look For When You Outgrow a Basic Processor
An enterprise payment platform is the setup a business moves to when one simple payment app can no longer carry its volume, its payment types or its accounting. The short answer to what you should look for: your own...
The $300,000 Typo: Why Void vs. Refund Matters in Payment Processing
The $300,000 Typo: Why Void vs. Refund Matters in Payment Processing Learn what manufacturers, distributors, wholesalers, and suppliers should look for in a B2B payment gateway, including ACH, Level 2/3, Smart Invoicing,...
Processing $100K a Month? Review Your Flat-Rate Payment Costs
Best B2B Payment Gateway for Manufacturers and Distributors Learn what manufacturers, distributors, wholesalers, and suppliers should look for in a B2B payment gateway, including ACH, Level 2/3, Smart Invoicing, APIs,...
Best B2B Payment Gateway for Manufacturers and Distributors
Best B2B Payment Gateway for Manufacturers and Distributors Learn what manufacturers, distributors, wholesalers, and suppliers should look for in a B2B payment gateway, including ACH, Level 2/3, Smart Invoicing, APIs,...
What Is Nationwide Payment Systems? Payment Solutions Explained
What Is Nationwide Payment Systems? Payment Solutions Explained Learn what Nationwide Payment Systems does, including payment processing, Smart Invoicing, ACH, B2B Level 2 and Level 3 optimization, POS, ecommerce, and...
Allen Kopelman on Transparent Pricing, Sales & Payment Processing
Allen Kopelman on Transparent Pricing, Sales & Payment Processing Allen Kopelman shares lessons from restaurant ownership, sales, transparent payment pricing, and 25+ years building Nationwide Payment Systems. ...