Tax Reporting Regulations for Merchant Accounts
Posted on Feb 16, 2017
It's March, and that means tax season. If you have a merchant account so your business can accept credit and debit card payments, you should have received a 1099-K form from your payment processor by the end of February. What do you do with this form and what are your tax obligations for money you receive from the processor? Here’s a quick rundown.
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Prevent IRS Backup Withholding on Merchant Accounts
Posted on Feb 16, 2017
What is IRS Backup Withholding?
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My Business Is In The U.S. : Can I Accept Payment Internationally?
Posted on Feb 16, 2017
International commerce is almost as old as civilization itself. For millennia, businesses have had to deal with exchange rates and delivery when selling goods and services across borders. For years, letters of credit were one of the most effective ways to send and receive payments abroad.
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Topics: Payment Technology
Mobile Payments and the Self-Service Kiosk: Opportunities and Threats
Posted on Feb 16, 2017
Mobile payments are on the rise as American consumers increasingly rely on their smart phones to shop:
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Topics: Mobile Payments
Advantages of Hosted Payment Forms
Posted on Feb 16, 2017
Hosted payment forms are pages "hosted" on external, third-party sites to process electronic transactions (i.e. payments made with credit or debit cards). In order to successfully complete each transaction, online shoppers temporarily leave your site, key in their credit card information, and then return to your e-commerce store.
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Topics: Recurring Billing and Electronic Invoicing, E-Commerce and Online Payments