Very few businesses these days don’t accept credit card payments. This entails, of course, that all these businesses pay requisite processing fees. What might actually come as a surprise is the extreme variability of these fee rates from one company… Read More
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Variables of Payment Processing Fees
These days, it is harder than ever to run a profitable business without having a credit card processing system. Especially with the popularity of online transactions, the only viable way to process payments is through a customer’s credit card. Payment… Read More
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Ways to Reduce Credit Card Processing Fees
Home improvement and other businesses know that processing customers’ credit cards during purchases comes with a fee. Every time a customer purchases using a credit card, the payment processor charges the company a small fee for using this technology…. Read More
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How to Offer Financing to Your Customers
You know the benefits of offering financing to your customers, and you know that your customers would appreciate these financing options. You may even know what steps to take to set up consumer financing. The next step is to talk… Read More
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Is Customer Financing Right for Your Business?
Customer financing is the option for customers to pay a company via installments or store credit instead of upfront. It is a great way to gain more customers who would prefer to pay in smaller amounts over time rather than… Read More
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Use Financing to Grow Your Home Improvement Business
At some point, most homeowners will need remodeling, renovation, or other handyman services. In turn, you have a wide variety of potential customers for your growing home improvement business. But are your current payment terms preventing you from expanding your… Read More
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Finance Trends in Home Improvement 2022
The economy has been no small part of daily life in the U.S. in 2022. Economic issues have been of concern in the past two years, and the affordability of many commodities has continued to make headlines. Economic issues have… Read More
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What Is Second-Look Financing?
Consumer financing falls under the prime, subprime, and near-prime (also known as second-look financing) categories. The FICO scoring system determines these categories. Lenders use this system to make accurate, reliable, and fast credit risk decisions across the customer life cycle…. Read More
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Why Contractors Should Offer Financing
Home improvement contractors offer services that many people with a home would want at some point in their lifetime. Likewise, contractors also want as many people as possible to be able to receive their service. One of the best ways… Read More
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Hard Inquiry vs. Soft Inquiry
More often than not, when you apply for any sort of credit or financing, lenders will conduct a credit check, among other inquiries into your credit history and more. There are two different types of inquiries: hard and soft. The… Read More