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How to Accept Credit Card Payments

Fundera

These days, accepting credit card payments for your products or services is a virtual requirement. In fact, some businesses have begun to do away with cash transactions entirely—perhaps because researchers have found that people overspend with credit cards. A Step-by-Step Guide to the Credit Card Payment Process.

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Are Business Credit Card Fees Tax Deductible?

Fundera

But that also means you’re likely to come up against business credit card fees, which can add up. With tax season upon us, you might wonder if business credit card fees are tax deductible. After all, who doesn’t want to make the most of their deductions? Understanding How Business Credit Card Fees Work.

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Understanding Debit Card Processing Fees in 2023

Lendio

As the moniker suggests, debit cards debit money out of an account, typically a checking or savings account at a bank or other financial institution. When a purchase is made, the funds are deducted directly from the buyer’s account. In this way, debit cards are similar to cash. Types of Debit Card Fees.

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How Long Do Late Payments Stay on Your Credit Report?—Everything You Need To Know

CreditStrong for Business

How Different Entries Affect Your Credit Score Equifax , Experian , and TransUnion , the three major credit bureaus, compile the data that creditors report. This means that if you are a day, or even a week, late on your payments, it won’t hurt your credit. The type of credit account alone should not make a difference.

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How Long Do Late Payments Stay on Your Credit Report?

CreditStrong for Business

Fortunately, there are ways to improve your overall credit profile to offset the adverse results that late payments have on your credit score. Equifax, Experian, and TransUnion, the three major credit bureaus, compile the data that creditors report. The type of credit account alone should not make a difference.

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Secured vs. Prepaid Business Credit Card: Your Best Option

Fundera

Both secured credit and debit cards typically have spending limits, either equal to the line of credit or account balance respectively, effectively preventing users from spending money they don’t have. But a secured credit card is paid off monthly, not deducted from your account balance or deposit every time you spend.

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Plastiq Review for 2019: Is It Right for Your Small Business?

Fundera

Plastiq is a payment app that lets you consolidate all your purchases onto credit cards, maximizing rewards and cash back. Consumers and small businesses can use Plastiq to pay with a credit card, even when a vendor won’t accept credit card payments. What Is Plastiq?