Feeling the pinch of competition? Desiring to elevate your sales? Ecommerce retargeting is the silver bullet you’re looking for. This robust marketing approach leverages technology to cater ads to individuals who’ve previously engaged with your brand online or visited your ecommerce store. By embracing this strategy, you will replace one-size-fits-all ads with personalized product suggestions […]
BAMS Blog
Digital wallets are new payment solutions offered by a wide variety of operating system and device manufacturers that allow users to store an entire wallet’s worth of cards in digital format on their smartphones, tablets, and even watches. Apple Pay is the digital wallet that comes stock on all iPhones and all new MacBooks, making […]
With 2020 in the rearview mirror, it’s time to start looking ahead to the new trends and technologies that will define the payments space in 2021. Industry news for January is still heavily impacted by the ongoing COVID-19 pandemic and includes new resources for merchants around the country, a brand new cloud-based mobile POS, and […]
Merchants need to have a strong handle on their business, especially with regards to how the business is growing and any risks to that growth. One potential risk comes from arbitration fees, which are assessed when the chargeback process is taken to the arbitration stage and ruled in favor of the cardholder.
Mobile devices have become an ingrained and integral part of our daily lives. Today, over 80% of adults in the United States own a smartphone, and roughly half own a tablet. More than just communication tools, those mobile devices exist to entertain us and make our lives easier, and, unsurprisingly, they’ve become a go-to tool […]
COVID-19 has caused enormous hardships for small business owners across the vast majority of industries, but perhaps no sector has been hit harder than food service. The rapid spread of the virus has damaged the restaurant industry in two major ways; far-reaching regulatory restrictions and changes to consumer behavior.
Nobody likes waiting to access money they have rightfully earned. Yet, that’s the situation the vast majority of merchants are forced to deal with on every single sale they make due to the standard funding holds imposed by most payment processors. Those processors’ merchant accounts don’t give merchants access to the funds from their sales […]
2020 was an unprecedented year for brick and mortar merchants, as the global COVID-19 pandemic saw many businesses forced to close and strict guidelines put in place limiting in-store activities. In turn, consumers flocked online, boosting ecommerce sales by 45% year-over-year and accelerating ecommerce adoption by as much as five years. Consumer habits are like […]
A touch screen point-of-sale (POS) system is like a typical POS system, but the software operates on handheld devices and tablets, rather than traditional POS hardware. Touch screen POS systems are web-based and can synchronize in real time to a variety of other software solutions, enabling merchants to monitor their businesses from anywhere in the […]
Fraud is expensive. Not only does it have the potential to rob your ecommerce store of revenue and inventory, but, if left unchecked, it can also put you in the doghouse with card issuers and payment processors, driving up your fees as well. That makes combating fraud an important part of your online business strategy. […]
Next-day funding is a merchant service some payment processors offer to trusted merchants. This waives the standard holds that generally hold up funds for as many as three business days on each and every batch. If you’re currently facing multi-day holds, you’re likely familiar with the frustration they can cause. Beyond frustration, there are serious […]
Dear Valued Clients, This year is coming to an end and I would like to take a moment to thank you for your business and continued trust in 2020. Since the outbreak of COVID-19, BAMS has taken every step possible to ensure that our clients are able to continue to accept payments safely. The support […]
Have you ever stamped a card in anticipation of a free coffee? Presented a swipe card to gain points towards your next gallon of gas? Signed up for a payment card offering a percentage of your purchase back? If so, you’re already very familiar with customer loyalty programs. Loyalty programs represent a great way to […]
Apple Pay is Apple’s proprietary electronic payment solution, working hand-in-hand with Apple Wallet, the company’s card storage platform. Its userbase is growing extremely rapidly, and the system is well on its way to handling one out of every ten card payments by 2025. To use Apple Pay, users program their debit and credit card information […]
The global spread of COVID-19 threw the entire globe into chaos, and businesses all over the world suddenly found themselves operating under new, strict rules – if they were allowed to operate at all. That put an enormous strain on the entirety of retail, with few sectors emerging unscathed. But limited access to the businesses […]
There are few things more satisfying than checking your numbers after a strong day of sales. But what is far less satisfying is having to wait days – often half a week or more – to enjoy the fruits of those sales due to annoyingly long hold periods imposed by your merchant services provider. That’s […]
Merchant services providers have a huge role to play in the success of all companies accepting electronic payments, both online and in-store. But, whether you choose to partner with a third-party processor like PayPal or to open up your own personal merchant account through a company like BAMS, it’s important that you understand exactly what […]
Toast is a software company that provides restaurants with point-of-sale systems, as well as a host of other products covering ordering, management, and payment solutions. Toast’s flagship product is its Android-based cloud POS, which offers restauranteurs an easy-to-use, efficient software suite and simple, modular hardware. The success of that POS drove Toast’s value to over […]
Learn how to lower your credit card processing fees and save money.