Your business comes to an immediate standstill without the ability to process credit cards—especially if you experience an outage during the busiest hours of your day. Potential reasons that can cause a credit card processing outage include technical hitches or internet failure, issues with your payment processor or so on, anything...
Improving Credit Scores: Tips For Small Business Owners
Improving credit scores and having a good business credit score are very important for getting loans, gaining trust from suppliers, and staying stable over time. It also helps you make money, close better deals, and build your company. But, it can be difficult for many business owners to raise their...
What is an ISO in Merchant Services? (Independent Sales Organization)
The worldwide transition to cashless payment trends has necessitated changes in payment preferences by businesses' models. In this light, the Independent Sales Organization (ISO) bridges this gap by connecting the company and the financial institutions. It helps merchants accept credit cards and provides the necessary tools, technology, and support to...
Credit Card Preapproval: What Does It Mean?
Credit card preapproval is a process that allows individuals to determine their eligibility for a credit card before actually applying for one. It involves a preliminary evaluation of an individual's creditworthiness by the credit card issuer, based on certain criteria such as credit score, income, and existing debt. This evaluation...