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No Fee Payment Processing: Everything You Need to Know

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This may be concerning for certain types of businesses as they need to spend more to process credit and debit card payments as compared to cash. Clearly, the monthly fees that businesses typically pay to accept card payments can eat away a significant portion of their revenue and overall profits.

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Know Your Customer (KYC): What It Is and How to Comply

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That’s the amount of non-cash payments made in the U.S. in 2021, according to the Federal Reserve. This can involve comparing the information provided to databases, and ensuring the customer isn’t a politically exposed person (PEP), on any sanctions list, or suspected to be involved in terrorism financing.

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How To Find the Best Credit Card Processor for Small Business in 2024

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Although credit cards have been around since the 1950s, in recent years, they’ve started to dethrone cash from its position as king of payment methods. With a whopping 84% of American adults owning at least one credit card (the average is 3 credit card accounts per person), card payments reached $9.43 trillion in 2021.

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Xero vs QuickBooks Online: Which Accounting Software is Best for Your Business?

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Most small business owners hunting for cloud accounting software will find themselves trying to choose between the two most popular names: Xero and QuickBooks Online. Examining reviews of Xero vs QuickBooks Online can often lead to more confusion. Both are comprehensive tools that tick all the foundational boxes.