The main reason why a business may fail is poor cash flow management. Even a well run business can get into trouble if they have no way of ensuring that their bills are paid on time or at all, and do not have sufficient reserves to keep going until their...
What Is a Third-Party Payment Processor?
A third-party payment processor is a financial institution or company that helps online businesses store and process their customers' credit card information. They do this to facilitate one-time and recurring payments for products and services. This helps your business avoid having to store the sensitive information, which can lead to...
Basics of Payment Processing for Medical Offices
An average medical practice can expect its overhead cost to be around 60%. More patients are having to pay high deductibles when visiting their doctors instead of the insurance company paying a majority of the service cost. Having patients pay for more of the service results in late payments or...
