Businesses across Indiana increasingly accept credit cards for invoices, especially when dealing with corporate customers. It has become common for businesses to pay other businesses through corporate or purchasing cards due to accounting benefits. However, it has been realized that regular credit card processing involves high interchange fees, which negatively impact business profitability. To resolve...
GST in Card Processing: Ensuring Compliance & Maximizing Input Tax Credit
As online payments have become the new norm, businesses accepting card payments need to navigate the GST implications of the card processing fee. The processing fees charged by banks or payment gateways are levied GST, an easy fact to forget but one which is very crucial in the long run.Understanding...
How to Compare Merchant Rate Guarantees Across Indiana Providers?
A merchant account is a requirement for all Indiana based businesses who accept credit and debit cards. It is the backbone for transaction processing, allowing money to transfer seamlessly from customer to business. As providers became noticeably competitive but, many businesses advertise a merchant rate guarantee— a guarantee to match...