B2B
B2B Transactions: Level 2 and Level 3 Credit Card Processing
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You have probably been told that business credit cards are expensive to process. What you haven’t been told is that there are steps you can take to get lower pricing.
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Buying Groups
The Veterinary Cooperative (TVC) Review
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The Veterinary Cooperative (TVC) touts itself as America’s largest veterinary industry purchasing cooperative. It’s located in Evanston, IL, although it’s actually incorporated in Minnesota. Founded by four veterinarians in 2012, the goal of the cooperative is to ensure independent veterinary practices and hospitals remain profitable by gaining a great deal of purchasing power and marketing prowess. In addition to its purchasing activities, the Veterinary Cooperative offers revenue-enhancing programs, profit-maximizing programs, and an online best practice knowledge exchange.
Buying Groups
NATM Corporation Buying Group Review
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NATM Buying Corporation is a group purchasing organization based in Irving, TX but operating across the United States. It has 11 regional members that sell appliances and electronics. Despite its relatively small membership, it’s a nationally recognized group and all of its members are leading retailers in their verticals. This may have to do with the requirements to join, which include a stipulation that a member business must do at least $50 million in sales per year.
Buying Groups
The Alliance Buying Group Review
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The Alliance is a buying group located in Illinois and catering to the medical field, specifically optometry and eye care. The primary focus is on lowering purchasing costs, though other advice and assistance is also available, including professional marketing programs, social media management, and website development services. Its website includes links to the Vision Council and American Optometric Association, though it’s not clear if those are partners of the Alliance or just listed as resources. The group also lists upcoming events relevant to optometrists and those in the medical field.
Buying Groups
Introduction to Buying Groups and Group Purchasing Organizations
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You may have heard of group purchasing organizations (GPOs) or buying groups, but what are they and how exactly can they help your business? A buying group is an organization made up of small businesses that band together so they can negotiate as a larger group with vendors to receive better pricing and terms on goods and services.
Credit Card Processing
MasterCard’s Merchant Location Fee
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In keeping with the steady flow of fee increases from the card brands, MasterCard has (very) quietly announced it will begin charging businesses an annual “merchant location fee.”
Credit Card Processing
7 Common Misconceptions About Chip Cards
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It’s been several years since the deadline to upgrade POS, cash registers, and credit card machines to accept chip credit cards, but there are still a lot of misconceptions about what exactly this upgrade means and even why chip cards are beneficial.
Credit Card Processing
PCI Compliance for Mobile Devices
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If you’ve taken credit cards in your store, you probably know that PCI compliance is required. The Payment Card Industry (PCI) set forth a Data Security Standard (DSS) it requires adherence to from any business that processes, stores, or transmits payment card data. But did you know that PCI compliance applies when you take credit cards using your smartphone with a card reader, like Square or PayPal Here?