The Future of Contactless Payment: 10 Trends Businesses Can’t Afford to Ignore
Why Contactless Payments Are No Longer Optional In our time of speed, convenience, and digital commerce opportunity, customers are rapidly changing how they pay. In the last handful of years, there has been an enormous shift. Such as, in momentum from card swipes, and cash toward sleek, tap-and-go approaches. Businesses that do not adapt are […]
Why Automated Payments Will Be a Benefit to Your Company
What Are Automated Payments Are you looking for a much simpler and seamless way to reduce the time and effort on paying bills? With automated payments, consumers can ensure that their obligations are taken care of. Collecting payments from clients can be stressful, and we have the solution to boost your business. Automated payments are […]
Types of Payments to Accept for Your Business
What is a payment? Choosing the right payment method can significantly impact your business. By offering various different amounts of convenient and secure options, it will help your business succeed! To first start out, let’s figure out what a payment even is. A payment is the exchange of something of value (goods and services) to […]
ACH vs. Credit Card Payments
No matter what type of products or services you offer, or how long you’ve been in business, every organization needs to accept payments! Although credit card payments and ACH payments allow you to manage recurring payments quickly and easily, there are a couple of essential distinctions that must be understood. Read further to learn about […]
Payment Gateway | 5 Benefits of using a Payment Gateway
What is a payment gateway? A payment gateway is the technology responsible for authenticating and securely transmitting payment data between parties involved in the payment process. Essentially, a payment gateway is the “virtual” equivalent of a physical credit and debit card reader. It transfers the data between the point of entry (terminal, website, or mobile […]
Credit Card Reader | Best Credit Card Readers
Today, consumers have the convenience to pay for goods and services using a variety of payment methods. Consumers can pay by credit card, debit card, or even near-field communication with a credit card reader. The days of accepting traditional swipes using a magnetic stripe are fading fast. Soon enough, those traditional payments will be replaced […]
Payment Methods | 6 Common Types of Payments
What is a payment? A payment is the transfer of money in exchange for goods and services that have been previously agreed upon by all parties involved. There are many different types of payment methods. A payment can be accepted in the form of cash, check, ACH payments, credit card payments, debit card, check, or […]
Mobile Payments | Payment Made from Mobile Devices
Mobile payments are a type of payment made on a mobile device such as a mobile phone or tablet to pay for goods and services via a mobile wallet, mobile browser, or credit card reader. With mobile transactions, you can say goodbye to being limited to cash transactions or traditional credit card payments at your […]
Discounted Level 2 & 3 Credit Card Processing
Does my business qualify for Level 2 data in credit card processing? Do you process business to business (B2B) transactions? Are you a business-to-government (B2G) company? If so, you may qualify for discounted Level 2 data or level 3 data credit card processing! Businesses that accept payments via business, corporate, purchasing, or government cards are […]
Credit Card Processing | How to Calculate Credit Card Processing Fees
Understanding Credit Card Processing Fees Confused about your merchant statement? Don’t know how much money you’re paying for your credit card processing rates? GMS can help! Over the course of 30 years, we have seen the good, the bad, and the ugly side of payment processing. More often the bad! But no need to worry! […]