Small Businesses Need Dedicated Merchant Services; Big Banks Aren’t the Answer

Businesses must offer customers the option to pay with a credit or debit card or risk losing  customers. Taking credit and debit card payments is expensive for business owners, but  customers know that the great majority of American businesses will happily process their non- cash payments. For business owners, maintaining a merchant services setup that allows them to take every  card every time while managing the associated fees can get complicated. Budgeting for the  costs of merchant services is nearly impossible. Processors charge different rates and fees and  processing rates (affected by a large number of variables) also fluctuate. Interchange plus pricing offers a transparent and low-cost way to offer credit and debit card  payments to customers. In general, interchange-plus pricing costs less than tiered rates,  depending on the volume of credit card transactions. What Is Interchange Plus Pricing? Interchange plus pricing allows credit card proc...

Here’s how Spike Financial can help: We are a Texas-based company specializing in merchant services. We have commitment to provide our customers with premium tech support,  low prices, volume discounts, and bundled services. Our customers include mom & pop stores with a single small location as well as large multi-location businesses. We offer customized plug-and-play merchant services solutions with a one-time equipment fee that allows a company to process customers’ credit and debit card payments. Our  24/7 Texas-based merchant services  experts are ready to answer questions from our customers any time of the night or day. Spike Financial’s customer service team works through holidays, as well. We can help you understand your current merchant services plan. We’ll even  analyze your merchant services statement  at no cost to you. Contact us  today to discover how Spike Financial can get you the merchant services equipment and technology you need to pr...

Convenience stores require a merchant processing solution that’s quick, easy to use, multi-functional, and designed for a fast-paced retail environment. Spike Financial serves customers requiring specialized payment processors to fit the physical space and fast pace of their businesses. Whether you need a countertop payment processor, portable credit card machine, or mobile payment solution, we have the hardware to meet your needs. These credit card machines are among the top choices for convenience stores, gas stations, mini-marts, liquor stores, and kiosks. 1.  First Data FD 150 The FD 150 auto detects debit cards and offers customers the option to enter their pin to run a debit transaction. The customer can choose to bypass the pin by pressing the green enter key and run the transaction as credit. A pin debit transaction may be less expensive for merchants than a credit transaction. Since it’s the first option, many customers choose to enter their pin to authorize the transactio...

One of the most important aspects of running a business is ensuring that the business has healthy cash flows. Without healthy cash flows, business owners may find themselves in a position where they are having to forgo future growth plans, lay off employees or in the extreme cases, shut down. There isn’t a one-size-fits-all formula for ensuring a business has healthy cash flow. However, there are steps that businesses can take to maximize the amount of cash on hand. Renegotiate with Suppliers Whether it’s business insurance or merchant services bills, businesses might be able to save 15%-20% or more on these services if they shop around. “A lot of customers that sign up with us for merchant services have been with their incumbent bank for such a long time that they don’t realize that they are losing a lot of money,” says Saad Qureshi, CEO of Spike Financial LLC. “A savings of couple of 100 dollars a month can turn into thousands of dollars over a couple of years...