A new report on the nature of data security threats faced by companies, detection and response trends, and the consequences that follow reveals that employee negligence was responsible for more than a third of the incidents studied.
If you’re just getting started accepting credit cards, you probably have a lot of questions — and that’s good, because knowledge is power, especially when you’re trying to choose the best merchant account for your business!
The merchant account monthly minimum is one of those terms that’s pretty much what it sounds like: the minimum dollar amount a merchant account provider charges a client for credit card processing within a monthly period. Whether a merchant hits the mark depends totally on their processing volume for any given month.
Average ticket refers to the dollar amount of a merchant’s average credit card sale, or a mid-range sales amount. It’s calculated by simply dividing your gross credit card sales by the total number of credit card transactions.
In the alphabet soup that floats the credit card processing industry, the initials ACH stand for Automated Clearing House, a vast electronic network that connects banks, credit unions and all other financial institutions.