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What Is A Bank Routing Number & How Do You Find It?
A bank routing number is a 9-digit number that uniquely identifies your bank account. Also known as American Bankers Association (ABA) routing numbers or routing transit numbers, these numbers were originally created by the ABA to make the check transaction process faster and more efficient. Routing numbers are also used for direct deposit forms, apps like Venmo and CashApp, or payments through services like PayPal.
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A Visual Guide To Credit Card Processing Fees & Rates
Are you on the hunt for the best credit card processors for your small business and want to understand the fees? Credit card processing fees are hard to understand, but we don’t think they should be, so we set out with the goal of creating the most easy-to-digest and visually appealing infographic on the subject: […]
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How To Accept Donations Online In 2024
In recent years, charitable contributions online and crowdfunding have become extremely popular. At the heart of online donations is a way to take money, which means payment cards, ACH/bank transfers, and similar. We’ve gathered a few highly-rated tools that can help you design and manage a fundraising campaign.
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PayPal For Nonprofits Guide
Using PayPal to accept donations online is super easy, but nonprofits can also take advantage of PayPal’s many tools and features to fundraise pretty much anywhere.
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Third-Party Payment Processors: The Complete Small Business Guide
Wondering how to accept credit card payments without a merchant account? Learn what third-party payment processing is, and the pros & cons for small businesses.
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What Is CVV2?
This post aims to clarify any confusion regarding why and how a CVV (or CVV2, CVC, or CID) number is vital for your small business. Because payment companies mandate all merchants to collect the credit card CVV code during online or manual card entry, you’ll need to find a payment processing company that’s up to date with the latest policies.
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What Are The 5 Cs Of Credit?
Lenders like to know exactly how you plan on using the money they may potentially lend to you. If you’ve made successful investments in the past, like purchasing additional equipment that increased your sales revenue by 25%, and are planning on purchasing more equipment with the loan your applying for, be sure to tell your lender! It will demonstrate that you’re experienced in business and that you’re likely to increase your cash flow (which a lender hears as “we’re getting our money back”).
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What Is A Bank Identification Number?
BINs work by identifying the type of card being used to make a purchase, the location of the card issuer, and which bank issued the card. Financial institutions can then compare this information to their cardholder data to more easily identify fraudulent charges.
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Introduction To Banking As A Service: How BaaS Can Benefit Your Small Business
Banking as a service is a software solution that financial technology companies, or fintechs, use to provide banking services to customers. Backed by traditional banks, fintechs offer bank accounts, credit cards, and more through one platform. BaaS providers aim to integrate as many financial services as possible, streamlining small businesses’ financial practices and accounting.
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