The idea is to have enough to pay all loans, while also leaving room to grow profitably and invest in high-return ventures. For a short-term business loan, borrowers must have a 680+ personal credit score, 2+ years in business, and $250,000+ in annual revenue. Spending too much money on monthly debt payments takes away working […]

Apple doesn’t charge merchants to use Apple Pay, but businesses will pay their payment processors at their debit and credit card processing fee rates. Rates for debit and credit card payments transaction processing may depend on whether the card was swiped or dipped (chip cards) or manually keyed in. These costs range from about 2.6 […]

Outside of commercial applications, ACH is also heavily used by the U.S. government to send payments such as tax refunds, Social Security benefits, and other government assistance programs. Many other countries have also created systems to mimic the ACH process. While the rate of ACH fraud is relatively low, the mass adoption of P2P payments […]

Learn how to expertly execute global payments https://academy.diopars.com/bookkeeper360-reviews-read-customer-service/ for streamlined accounts payable and business efficiency. The timing and notification process of ACH returns and reversals also differ. While the ACH payment reversal process is relatively straightforward, the originator and recipient should be well-informed to avoid miscommunication. Handle all domestic and global vendor payments on a […]