Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S" or “Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp."). MLPF&S is a registered b...
Another scam to watch for when researching new providers is thefraudulent merchant scam. This is not as common as the hidden fees scam, but it is still a threat to businesses and livelihoods. When running this scam, an individual or group will craftily develop a fraudulent “company” that l...
Who offers merchant services? There are a lot of merchant service providers out there. They broadly fall into the following categories: Payment processors:Companies that provide payment processing services, such as Stripe, also offer merchant services. ...
Merchant services allow you to get paid quickly and securely as a retailer. Here’s a rundown of merchant services costs, capabilities, and providers.
For example, a gourmet food seller that typically sells to individual consumers may offer corporate gifting services for the holidays. Or, an apparel retailer may provide customization options for bulk orders, enabling companies to print custom uniforms that include their logos. Get familiar with the...
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Maximizing your cash backor other rewards begins with knowing the MCCs of the merchants you shop with most frequently. To help you get started, we’ve collected a list of the most common bonus categories and compared them to the Visa and Mastercard merchant category codes. Keep in mind that...
How to open a business bank account step by step The process of opening a business bank account is a lot like opening a personal one but with a few additional requirements to prove that your business exists. Step 1: Compare account options and choose one you're comfortable with ...
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S" or “Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp."). MLPF&S is a registered br...
Because most merchants have other work to attend to, they often delegate maintaining their PCI DSS compliance to merchant services providers. The PCI council itself advises merchants, “In most cases, using a wholly outsourced third party to capture and process payments is the safest option.”7 I...