Payment Depot

Interchange-plus pricing is one of the most common pricing models in the realm of credit card processing. Many businesses prefer interchange-plus because it offers more transparency into the markup of your payment processor. If you're looking to get a deeper understanding of this pricing model, be sure to check out our guide on interchange-plus. Check it out to learn the ins and out of interchange-plus, and how it compares with other pricing options.... https://paymentdepot.com/blog/interchange-plus-pricing/

Bootstrapping is particularly important for new businesses and merchants on a budget. When you’re just starting out, there’s a lot more cash flowing out than in. Many businesses look to save costs in the early stages, and one of the most common areas where they do so is in marketing. This post will give you the lowdown on bootstrap marketing and give you ideas on how to make it work in your biz.... Check it out!

The basic credit card reader, while valuable, isn’t powerful enough to be your main source for payment processing. This is where smart payment terminals come into play. Smart terminals have been introduced to not only keep up with the latest trends in payment technology but also to help merchants run their entire business. In this article, we’ll take a closer look at what smart terminals are and how to go about selecting the right one for your business.... Check it out!

Understanding your company’s balance sheet can be complicated as a small business owner. That’s because most of the terms on your company’s income statement might sound similar but mean something completely different. In this article, we will demystify revenue vs earnings and the terminology surrounding it. We’ll take a look at what each of them means, their similarities and differences, and why they matter for your business. We’ll also take a look at some terms that are used interchangeably for revenue vs earnings and how to calculate them. Check it out!

To be able to accept credit card payments in your business, you need more than just the hardware. You also need the behind-the-scenes software and accounts to make the system work. One of those elements is a merchant account. This post takes a look at what a merchant account is and the requirements you need when applying for one. Check it out!

We all need a little inspiration sometimes. Especially when it comes to shopping local in the age of ecommerce retailers and department store megaliths. Whether you own a small business, want to own one, or just need that extra push to shop local, here’s a collection of the best inspirational quotes for your needs. These are from some of the most legendary entrepreneurs, inventors, and authors of all time. Let’s take a look!

Level 3 credit card processing is one of those under-the-radar money savers. But what exactly is it and how do you qualify? This article sheds light on all things level 3 data, including what it is, how much you can save, and how you can use it. Check it out!... https://paymentdepot.com/blog/level-3-data-processing/

Insufficient cash is a major cause of business failure. To avoid it, you need to aggressively focus on maximizing your income while consistently tracking business expenses. If you’re just starting out, business expense tracking can seem to be a bit overwhelming. That’s why we’ve put together this practical guide that covers everything you need to know about business expenses and how to track them. Let’s take a look.

Dan! The pleasure is all ours. Thanks for being a member of Payment Depot!

Financial KPIs or key performance indicators are measurable data points that give you useful insights into your business and financial data. They span just about every area of your business from marketing to sales and everything in between. These KPIs are also helpful in tracking and assessing the financial health as well as the financial performance of your business. In this guide, we’ll go over some of the most important financial KPIs to note in your business and investments. Check it out!

The last several months have been challenging for small businesses, and unfortunately, things might get a little tougher. Effective April 2021, credit card companies like Visa, Mastercard, and Discover are updating their interchange rates, resulting in an increase in processing costs for many merchants. Read on to learn more about how this update would affect your business and what you can do about it.

Non-operating expenses don’t directly pertain to the company’s core business operations so they can sometimes be overlooked. However, you need to integrate non-operating expenses into your business’ accounting framework and financial statements. In doing so, you'll have a much more accurate picture of your business' financial health. Read on to gain a deeper understanding of non-operating expenses and how you can manage them.

If you’ve ever done research on how to lower or eliminate your credit card processing fees, you’ve likely come across the concept of zero fee credit card processing a program that promises to help businesses escape the dues and assessments that come with accepting credit cards. Many sales agents are keen on selling zero fee programs, but how exactly do they work? In this post, dive into the world of zero-fee credit card processing, and share insights to help you determi...ne the type of program right for you and how to implement it in your business. Check it out!

Brand awareness. All marketers and business owners know that it matters, but it’s not always easy to define what brand awareness is or how much your marketing efforts are attributing to it. In this article, we’re going to explore 10 key metrics that your business should be using to set KPIs and measure the success of your brand awareness campaigns, as well as the tools you can use to track these metrics with clarity and ease. Check it out!

Ready to grow your business? Here are 10 expansion ideas you can try. In this no-nonsense post, we offer actionable tips + sound advice on how to grow your business without breaking the bank.

What are eChecks? Should small businesses accept them? In this guide, we dive into the ins and out of electronic checks and discuss whether or not they're a good option for your business.

How can a small business attract new customers without spending a dime on advertising? To answer that, we caught up with Beach Occasions, a company that provides beach wedding services in South Carolina. Despite being a small business with just two employees, Beach Occasions is an incredibly busy and productive business that typically handles 300-350 weddings a year. We spoke with owner Scott Blackburn and asked him to share his best practices when running the business an...d attracting customers. Check it out!

Thanks for choosing Payment Depot Chuck! We hope to have you with us for the next 10 years!