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Merchant Account Basics | Payment Processing 101
After conducting exhaustive research, you’re ready to sign on the dotted line with your selected merchant account provider. You may feel a twinge of nervousness as you’ve read about some problems that others have encountered with processors, but accepting credit cards is a necessity and despite any potential risks, you forge ahead. However, by reviewing…
Accurate E-commerce Accounting | IRS Guidelines | Nexus Box
I thought that I would provide another wake up call to online merchants who accept credit cards, debit cards, or any type of electronic payment. As a reminder, beginning in 2011, merchant account providers are obligated to report their clients’ gross income derived from their online activity. Some business folks are not concerned, confident that…
